Joby Aviation, Inc. (NYSE:JOBY – Get Free Report) insider Didier Papadopoulos sold 2,587 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $5.50, for a total value of $14,228.50. Following the completion of the sale, the insider now owns 73,697 shares of the company’s stock, valued at approximately $405,333.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Didier Papadopoulos also recently made the following trade(s):
- On Wednesday, April 3rd, Didier Papadopoulos sold 11,362 shares of Joby Aviation stock. The shares were sold at an average price of $4.96, for a total transaction of $56,355.52.
- On Monday, March 18th, Didier Papadopoulos sold 3,267 shares of Joby Aviation stock. The stock was sold at an average price of $5.13, for a total transaction of $16,759.71.
- On Friday, March 15th, Didier Papadopoulos sold 4,217 shares of Joby Aviation stock. The shares were sold at an average price of $5.12, for a total transaction of $21,591.04.
Joby Aviation Price Performance
NYSE JOBY traded down $0.15 on Tuesday, hitting $5.38. 3,926,343 shares of the company’s stock were exchanged, compared to its average volume of 4,853,427. The firm’s 50-day moving average price is $5.12 and its two-hundred day moving average price is $5.71. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of -6.64 and a beta of 2.04. Joby Aviation, Inc. has a fifty-two week low of $4.25 and a fifty-two week high of $11.98.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. upgraded Joby Aviation from an “underweight” rating to a “neutral” rating and set a $5.00 price target on the stock in a research report on Friday. One investment analyst has rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $7.67.
Check Out Our Latest Report on Joby Aviation
Institutional Investors Weigh In On Joby Aviation
A number of institutional investors and hedge funds have recently bought and sold shares of JOBY. Commonwealth Equity Services LLC boosted its stake in shares of Joby Aviation by 84.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 50,816 shares of the company’s stock worth $328,000 after purchasing an additional 23,220 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Joby Aviation by 37.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 21,246 shares of the company’s stock worth $137,000 after acquiring an additional 5,750 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in Joby Aviation by 2.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 115,986 shares of the company’s stock valued at $748,000 after acquiring an additional 2,771 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Joby Aviation by 6.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,119,664 shares of the company’s stock valued at $7,222,000 after acquiring an additional 66,803 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Joby Aviation by 19.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,365 shares of the company’s stock worth $260,000 after purchasing an additional 6,520 shares during the last quarter. Hedge funds and other institutional investors own 45.54% 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.
Read More
- Five stocks we like better than Joby Aviation
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Garmin Navigates to New Highs Driven By Wearables Trend
- Insider Trades May Not Tell You What You Think
- Pinterest Prospers From AI Boosting Shop-Ability and Relevance
- What is Short Interest? How to Use It
- AbbVie Tracking for New Highs in 2024
Receive News & Ratings for Joby Aviation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Joby Aviation and related companies with MarketBeat.com's FREE daily email newsletter.