Joby Aviation, Inc. (NYSE:JOBY) Insider Didier Papadopoulos Sells 3,574 Shares

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 3,574 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $6.79, for a total value of $24,267.46. Following the completion of the sale, the insider now owns 2,099 shares in the company, valued at $14,252.21. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Friday, September 15th, Didier Papadopoulos sold 5,968 shares of Joby Aviation stock. The shares were sold at an average price of $6.72, for a total value of $40,104.96.
• On Monday, July 10th, Didier Papadopoulos sold 6,029 shares of Joby Aviation stock. The shares were sold at an average price of $9.77, for a total value of $58,903.33.
• On Friday, June 30th, Didier Papadopoulos sold 57,873 shares of Joby Aviation stock. The shares were sold at an average price of $10.44, for a total value of $604,194.12.

Joby Aviation Stock Performance

JOBY traded up $0.29 during midday trading on Monday, hitting $6.83. The stock had a trading volume of 9,825,353 shares, compared to its average volume of 5,816,739. The company has a market cap of $4.74 billion, a P/E ratio of -7.67 and a beta of 2.11. The business has a fifty day moving average of $7.92 and a 200 day moving average of $6.29. Joby Aviation, Inc. has a 1 year low of $3.15 and a 1 year high of $11.98.

Joby Aviation (NYSE:JOBY) last issued its earnings results on Wednesday, August 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.03). On average, equities research analysts anticipate that Joby Aviation, Inc. will post -0.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Cantor Fitzgerald boosted their price objective on Joby Aviation from $9.00 to $10.00 in a research note on Thursday, August 3rd. 888 reiterated a “maintains” rating on shares of Joby Aviation in a research report on Friday, June 30th. Canaccord Genuity Group assumed coverage on Joby Aviation in a research report on Friday, June 9th. They set a “buy” rating and a $8.00 price target on the stock. SpectralCast reiterated a “maintains” rating on shares of Joby Aviation in a research report on Friday, June 30th. Finally, JPMorgan Chase & Co. lowered Joby Aviation from a “neutral” rating to an “underweight” rating and boosted their price objective for the stock from $5.00 to $6.00 in a report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.08.

Institutional Trading of Joby Aviation

A number of institutional investors have recently made changes to their positions in JOBY. Baillie Gifford & Co. boosted its stake in shares of Joby Aviation by 574.9% during the second quarter. Baillie Gifford & Co. now owns 51,872,715 shares of the company’s stock valued at $532,214,000 after purchasing an additional 44,186,571 shares during the period. Vanguard Group Inc. boosted its stake in shares of Joby Aviation by 114.5% during the first quarter. Vanguard Group Inc. now owns 14,405,592 shares of the company’s stock valued at $95,365,000 after purchasing an additional 7,691,093 shares during the period. Ieq Capital LLC purchased a new stake in shares of Joby Aviation during the second quarter valued at approximately $29,138,000. Renaissance Technologies LLC purchased a new stake in shares of Joby Aviation during the first quarter valued at approximately $16,408,000. Finally, State Street Corp raised its holdings in shares of Joby Aviation by 37.5% during the second quarter. State Street Corp now owns 6,752,316 shares of the company’s stock valued at $33,154,000 after acquiring an additional 1,840,567 shares in the last quarter. Hedge funds and other institutional investors own 36.28% of the company’s stock.

About Joby Aviation

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.