Joby Aviation, Inc. (NYSE:JOBY) Insider Didier Papadopoulos Sells 5,968 Shares

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 5,968 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $6.72, for a total value of $40,104.96. Following the completion of the sale, the insider now directly owns 5,673 shares of the company’s stock, valued at approximately $38,122.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, September 18th, Didier Papadopoulos sold 3,574 shares of Joby Aviation stock. The shares were sold at an average price of $6.79, for a total transaction of $24,267.46.
• On Monday, July 10th, Didier Papadopoulos sold 6,029 shares of Joby Aviation stock. The stock was 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 stock was sold at an average price of $10.44, for a total value of $604,194.12.

Joby Aviation Stock Up 4.4 %

Shares of Joby Aviation stock opened at $6.83 on Tuesday. The company has a 50 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 posted its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). As a group, equities analysts forecast that Joby Aviation, Inc. will post -0.66 earnings per share for the current year.

Institutional Trading of Joby Aviation

A number of hedge funds have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. grew its holdings in Joby Aviation by 574.9% during the 2nd quarter. Baillie Gifford & Co. now owns 51,872,715 shares of the company’s stock worth $532,214,000 after acquiring an additional 44,186,571 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Joby Aviation by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 20,722,910 shares of the company’s stock worth $89,731,000 after buying an additional 468,437 shares during the period. State Street Corp grew its position in shares of Joby Aviation by 37.5% in the 2nd quarter. State Street Corp now owns 6,752,316 shares of the company’s stock valued at $33,154,000 after buying an additional 1,840,567 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Joby Aviation by 16.8% in the second quarter. Geode Capital Management LLC now owns 6,012,621 shares of the company’s stock valued at $61,690,000 after buying an additional 866,873 shares during the period. Finally, Nikko Asset Management Americas Inc. lifted its stake in shares of Joby Aviation by 50.1% in the first quarter. Nikko Asset Management Americas Inc. now owns 4,240,736 shares of the company’s stock worth $18,066,000 after acquiring an additional 1,416,314 shares during the period. Institutional investors and hedge funds own 36.28% of the company’s stock.

Analysts Set New Price Targets

JOBY has been the topic of several research reports. JPMorgan Chase & Co. downgraded shares of Joby Aviation from a “neutral” rating to an “underweight” rating and upped their price objective for the company from $5.00 to $6.00 in a report on Wednesday, July 19th. SpectralCast restated a “maintains” rating on shares of Joby Aviation in a research report on Friday, June 30th. Canaccord Genuity Group initiated coverage on Joby Aviation in a research report on Friday, June 9th. They issued a “buy” rating and a $8.00 target price on the stock. 888 reissued a “maintains” rating on shares of Joby Aviation in a report on Friday, June 30th. Finally, Cantor Fitzgerald upped their price objective on Joby Aviation from $9.00 to $10.00 in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Joby Aviation has an average rating of “Hold” and a consensus target price of $7.08.

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.