Joby Aviation, Inc. (NYSE:JOBY) Insider Sells $15,953.00 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 2,279 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $7.00, for a total transaction of $15,953.00. Following the transaction, the insider now owns 50,975 shares of the company’s stock, valued at $356,825. This represents a 4.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, September 16th, Didier Papadopoulos sold 6,025 shares of Joby Aviation stock. The shares were sold at an average price of $5.33, for a total transaction of $32,113.25.

Joby Aviation Stock Performance

Shares of Joby Aviation stock opened at $7.09 on Monday. The business has a fifty day simple moving average of $5.54 and a 200-day simple moving average of $5.38. Joby Aviation, Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $7.69.

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

Institutional Trading of Joby Aviation

A number of large investors have recently added to or reduced their stakes in JOBY. Caprock Group LLC increased its stake in Joby Aviation by 179.5% in the 3rd quarter. Caprock Group LLC now owns 124,404 shares of the company’s stock worth $626,000 after purchasing an additional 79,896 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its holdings in shares of Joby Aviation by 1,018.5% in the second quarter. Susquehanna Fundamental Investments LLC now owns 677,116 shares of the company’s stock worth $3,453,000 after buying an additional 616,579 shares during the period. Rhumbline Advisers increased its position in shares of Joby Aviation by 26.7% in the second quarter. Rhumbline Advisers now owns 548,724 shares of the company’s stock worth $2,798,000 after acquiring an additional 115,483 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Joby Aviation by 9.1% during the first quarter. Vanguard Group Inc. now owns 34,659,624 shares of the company’s stock valued at $185,776,000 after acquiring an additional 2,889,012 shares during the period. Finally, ProShare Advisors LLC lifted its position in shares of Joby Aviation by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 50,103 shares of the company’s stock valued at $269,000 after acquiring an additional 3,942 shares in the last quarter. 45.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JOBY has been the subject of several analyst reports. HC Wainwright reiterated a “buy” rating and set a $9.00 price objective on shares of Joby Aviation in a research report on Wednesday, October 2nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price target on shares of Joby Aviation in a research report on Monday, September 30th. Canaccord Genuity Group lowered their price target on Joby Aviation from $10.50 to $9.75 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Needham & Company LLC initiated coverage on shares of Joby Aviation in a report on Tuesday, November 19th. They issued a “buy” rating and a $8.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their target price on shares of Joby Aviation from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Joby Aviation has an average rating of “Moderate Buy” and a consensus price target of $8.35.

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.