Didier Papadopoulos Sells 12,965 Shares of Joby Aviation (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 12,965 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $8.15, for a total transaction of $105,664.75. Following the sale, the insider directly owned 147,678 shares in the company, valued at approximately $1,203,575.70. The trade was a 8.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 transaction of $25,550.90.
• On Monday, March 16th, Didier Papadopoulos sold 4,231 shares of Joby Aviation stock. The shares were sold at an average price of $9.94, for a total transaction of $42,056.14.
• 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 transaction of $11,602.80.
• On Tuesday, March 10th, Didier Papadopoulos sold 1,915 shares of Joby Aviation stock. The stock was sold at an average price of $10.25, for a total transaction 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 transaction of $62,004.84.
• On Friday, February 13th, Didier Papadopoulos sold 10,382 shares of Joby Aviation stock. The shares were 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 value of $14,063.15.
• On Wednesday, January 14th, Didier Papadopoulos sold 804 shares of Joby Aviation stock. The stock was sold at an average price of $14.53, for a total value of $11,682.12.
• On Tuesday, January 13th, Didier Papadopoulos sold 1,367 shares of Joby Aviation stock. The shares were sold at an average price of $14.84, for a total value of $20,286.28.

Joby Aviation Stock Performance

JOBY stock opened at $8.50 on Friday. The company has a market cap of $7.75 billion, a price-to-earnings ratio of -7.45 and a beta of 2.68. The business’s 50-day moving average is $9.92 and its two-hundred day moving average is $13.42. Joby Aviation, Inc. has a fifty-two week low of $4.96 and a fifty-two week high of $20.95.

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

Analyst Upgrades and Downgrades

JOBY has been the subject of a number of research reports. Needham & Company LLC reduced their target price on shares of Joby Aviation to $18.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Oppenheimer set a $18.00 price target on shares of Joby Aviation in a research note on Thursday, February 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Joby Aviation in a research report on Thursday, January 22nd. Canaccord Genuity Group restated a “hold” rating and issued a $15.50 price objective on shares of Joby Aviation in a research note on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. decreased their target price on Joby Aviation from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $13.81.

Institutional Investors Weigh In On Joby Aviation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC raised its stake in Joby Aviation by 22.5% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 3,794 shares of the company’s stock worth $61,000 after acquiring an additional 697 shares during the period. Asset Planning Inc boosted its position in shares of Joby Aviation by 70.0% in the third quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after purchasing an additional 700 shares during the period. GoalVest Advisory LLC increased its stake in shares of Joby Aviation by 2.1% in the fourth quarter. GoalVest Advisory LLC now owns 33,500 shares of the company’s stock worth $442,000 after purchasing an additional 700 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Joby Aviation by 4.6% in the third quarter. Thrivent Financial for Lutherans now owns 16,705 shares of the company’s stock worth $270,000 after purchasing an additional 736 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA raised its position in shares of Joby Aviation by 15.3% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 5,765 shares of the company’s stock valued at $93,000 after purchasing an additional 765 shares during the period. 52.85% of the stock is owned by hedge funds and other institutional investors.

Joby Aviation Company Profile

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.