Joby Aviation, Inc. (NYSE:JOBY) Insider Didier Papadopoulos Sells 7,692 Shares

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 7,692 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $10.00, for a total transaction of $76,920.00. Following the transaction, the insider now directly owns 50,902 shares of the company’s stock, valued at $509,020. This represents a 13.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, December 16th, Didier Papadopoulos sold 6,005 shares of Joby Aviation stock. The shares were sold at an average price of $7.65, for a total value of $45,938.25.
• On Thursday, November 21st, Didier Papadopoulos sold 2,279 shares of Joby Aviation stock. The stock was sold at an average price of $7.00, for a total value of $15,953.00.

Joby Aviation Trading Down 7.3 %

NYSE:JOBY opened at $9.52 on Friday. The company has a market cap of $7.28 billion, a PE ratio of -13.60 and a beta of 2.33. The company has a 50 day simple moving average of $7.56 and a two-hundred day simple moving average of $6.18. Joby Aviation, Inc. has a 12 month low of $4.50 and a 12 month high of $10.72.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Joby Aviation had a negative return on equity of 51.76% and a negative net margin of 42,844.57%. The firm had revenue of $0.28 million during the quarter, compared to the consensus estimate of $0.06 million. During the same period in the previous year, the firm earned ($0.13) EPS. Research analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Analysts Set New Price Targets

JOBY has been the topic of several recent analyst reports. Canaccord Genuity Group increased their price objective on shares of Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a research report on Wednesday. Needham & Company LLC began coverage on shares of Joby Aviation in a report on Tuesday, November 19th. They set a “buy” rating and a $8.00 price target on the stock. HC Wainwright restated a “buy” rating and issued a $9.00 price objective on shares of Joby Aviation in a report on Wednesday, December 18th. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 target price on shares of Joby Aviation in a research note on Monday, September 30th. Finally, JPMorgan Chase & Co. decreased their price target on Joby Aviation from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Joby Aviation has a consensus rating of “Moderate Buy” and a consensus target price of $8.70.

Hedge Funds Weigh In On Joby Aviation

A number of institutional investors and hedge funds have recently made changes to their positions in JOBY. Larson Financial Group LLC increased its holdings in Joby Aviation by 218.3% during the third quarter. Larson Financial Group LLC now owns 7,290 shares of the company’s stock valued at $37,000 after buying an additional 5,000 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Joby Aviation during the 3rd quarter valued at $51,000. Sound Income Strategies LLC increased its stake in shares of Joby Aviation by 3,311.3% in the 3rd quarter. Sound Income Strategies LLC now owns 10,302 shares of the company’s stock worth $52,000 after purchasing an additional 10,000 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Joby Aviation by 403.0% in the 3rd quarter. International Assets Investment Management LLC now owns 11,468 shares of the company’s stock worth $58,000 after purchasing an additional 9,188 shares during the period. Finally, Choreo LLC purchased a new position in Joby Aviation during the second quarter valued at $60,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Joby Aviation Company Profile

Joby Aviation, Inc, a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. The company intends to build an aerial ridesharing service, as well as developing an application-based platform that will enable consumers to book rides.