Didier Papadopoulos Sells 4,231 Shares of Joby Aviation (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBYGet Free Report) insider Didier Papadopoulos sold 4,231 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $9.94, for a total transaction of $42,056.14. Following the completion of the sale, the insider directly owned 138,135 shares of the company’s stock, valued at $1,373,061.90. This represents a 2.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Didier Papadopoulos also recently made the following trade(s):

  • On Tuesday, March 17th, Didier Papadopoulos sold 2,594 shares of Joby Aviation stock. The shares were sold at an average price of $9.85, for a total value of $25,550.90.
  • On Wednesday, March 11th, Didier Papadopoulos sold 1,172 shares of Joby Aviation stock. The stock was sold at an average price of $9.90, for a total value of $11,602.80.
  • On Tuesday, March 10th, Didier Papadopoulos sold 1,915 shares of Joby Aviation stock. The shares were sold at an average price of $10.25, for a total value of $19,628.75.
  • On Tuesday, February 17th, Didier Papadopoulos sold 6,366 shares of Joby Aviation stock. The shares were sold at an average price of $9.74, for a total value of $62,004.84.
  • On Friday, February 13th, Didier Papadopoulos sold 10,382 shares of Joby Aviation stock. The stock was sold at an average price of $9.88, for a total value of $102,574.16.
  • On Wednesday, February 11th, Didier Papadopoulos sold 816 shares of Joby Aviation stock. The shares were sold at an average price of $10.14, for a total value of $8,274.24.
  • On Tuesday, February 10th, Didier Papadopoulos sold 1,333 shares of Joby Aviation stock. The stock was sold at an average price of $10.55, for a total transaction of $14,063.15.
  • On Wednesday, January 14th, Didier Papadopoulos sold 804 shares of Joby Aviation stock. The shares were sold at an average price of $14.53, for a total transaction of $11,682.12.
  • On Tuesday, January 13th, Didier Papadopoulos sold 1,367 shares of Joby Aviation stock. The stock was sold at an average price of $14.84, for a total value of $20,286.28.
  • On Monday, January 5th, Didier Papadopoulos sold 6,429 shares of Joby Aviation stock. The shares were sold at an average price of $15.84, for a total value of $101,835.36.

Joby Aviation Stock Performance

Shares of JOBY traded up $0.10 during mid-day trading on Tuesday, reaching $9.92. 18,754,516 shares of the company were exchanged, compared to its average volume of 28,509,260. The business has a 50 day simple moving average of $11.67 and a two-hundred day simple moving average of $13.90. The stock has a market capitalization of $9.05 billion, a PE ratio of -8.71 and a beta of 2.59. Joby Aviation, Inc. has a 52 week low of $4.96 and a 52 week high of $20.95.

Joby Aviation (NYSE:JOBYGet Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. The firm had revenue of $30.84 million during the quarter, compared to the consensus estimate of $16.88 million. During the same period in the prior year, the company posted ($0.34) earnings per share. The company’s revenue for the quarter was up 5506.5% compared to the same quarter last year. On average, analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Analysts Set New Price Targets

JOBY has been the topic of several recent analyst reports. Canaccord Genuity Group reissued a “hold” rating and issued a $15.50 price target on shares of Joby Aviation in a research note on Tuesday, February 3rd. The Goldman Sachs Group assumed coverage on shares of Joby Aviation in a research note on Monday, December 1st. They issued a “sell” rating and a $10.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on shares of Joby Aviation from $8.00 to $7.00 and set an “underweight” rating on the stock in a research report on Thursday, February 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Joby Aviation in a research note on Thursday, January 22nd. Finally, HC Wainwright restated a “buy” rating and issued a $18.00 price target on shares of Joby Aviation in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Joby Aviation has a consensus rating of “Reduce” and an average price target of $13.81.

Check Out Our Latest Analysis on Joby Aviation

Key Headlines Impacting Joby Aviation

Here are the key news stories impacting Joby Aviation this week:

Institutional Trading of Joby Aviation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JOBY. Sowell Financial Services LLC bought a new position in Joby Aviation during the third quarter valued at about $663,000. Pier 88 Investment Partners LLC purchased a new stake in shares of Joby Aviation during the 3rd quarter worth approximately $635,000. Voya Investment Management LLC raised its holdings in shares of Joby Aviation by 20.0% in the 3rd quarter. Voya Investment Management LLC now owns 1,150,050 shares of the company’s stock worth $18,562,000 after purchasing an additional 192,064 shares during the period. Valeo Financial Advisors LLC bought a new stake in shares of Joby Aviation in the 2nd quarter worth approximately $461,000. Finally, Udine Wealth Management Inc. purchased a new stake in Joby Aviation in the third quarter worth $1,414,000. 52.85% of the stock is owned by institutional investors.

About Joby Aviation

(Get Free Report)

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.

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Insider Buying and Selling by Quarter for Joby Aviation (NYSE:JOBY)

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