Didier Papadopoulos Sells 6,025 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 6,025 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $5.33, for a total value of $32,113.25. Following the completion of the sale, the insider now directly owns 47,474 shares of the company’s stock, valued at approximately $253,036.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, July 3rd, Didier Papadopoulos sold 7,262 shares of Joby Aviation stock. The stock was sold at an average price of $5.15, for a total value of $37,399.30.
• On Monday, July 1st, Didier Papadopoulos sold 23,188 shares of Joby Aviation stock. The shares were sold at an average price of $4.86, for a total transaction of $112,693.68.

Joby Aviation Stock Down 1.1 %

NYSE:JOBY traded down $0.06 during trading hours on Tuesday, reaching $5.26. 4,145,127 shares of the stock were exchanged, compared to its average volume of 5,502,731. The stock has a market capitalization of $3.77 billion, a P/E ratio of -7.11 and a beta of 1.97. The firm has a 50 day simple moving average of $5.53 and a 200-day simple moving average of $5.22. Joby Aviation, Inc. has a 52 week low of $4.50 and a 52 week high of $7.69.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.18) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.18). The business had revenue of $0.28 million for the quarter, compared to the consensus estimate of $0.28 million. During the same period in the prior year, the company earned ($0.17) EPS. As a group, analysts expect that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Institutional Investors Weigh In On Joby Aviation

Several large investors have recently added to or reduced their stakes in the stock. Flaharty Asset Management LLC grew its position in shares of Joby Aviation by 25.0% during the second quarter. Flaharty Asset Management LLC now owns 15,000 shares of the company’s stock worth $76,000 after acquiring an additional 3,000 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Joby Aviation by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 50,103 shares of the company’s stock valued at $269,000 after purchasing an additional 3,942 shares during the period. Amalgamated Bank raised its position in Joby Aviation by 46.2% in the second quarter. Amalgamated Bank now owns 13,905 shares of the company’s stock worth $71,000 after acquiring an additional 4,391 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Joby Aviation by 4.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 109,715 shares of the company’s stock worth $730,000 after purchasing an additional 4,445 shares in the last quarter. Finally, Cetera Advisors LLC lifted its position in shares of Joby Aviation by 32.9% during the 1st quarter. Cetera Advisors LLC now owns 20,276 shares of the company’s stock valued at $109,000 after acquiring an additional 5,025 shares during the last quarter. 45.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. HC Wainwright assumed coverage on shares of Joby Aviation in a research note on Tuesday, September 3rd. They set a “buy” rating and a $9.00 price target on the stock. Canaccord Genuity Group cut their price target on Joby Aviation from $11.00 to $10.50 and set a “buy” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. raised their price target on shares of Joby Aviation from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 price target on shares of Joby Aviation in a report on Monday, September 9th.

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.