Joby Aviation, Inc. (NYSE:JOBY) Insider Sells $24,267.46 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 3,574 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $6.79, for a total transaction of $24,267.46. Following the transaction, the insider now directly owns 2,099 shares in the company, valued at approximately $14,252.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 stock was sold at an average price of $10.44, for a total transaction of $604,194.12.

Joby Aviation Stock Performance

JOBY opened at $6.83 on Tuesday. Joby Aviation, Inc. has a 12 month low of $3.15 and a 12 month high of $11.98. The stock’s 50 day moving average price is $7.92 and its 200 day moving average price is $6.29.

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Joby Aviation

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. increased its stake in Joby Aviation by 155.0% in the 2nd quarter. Harbour Investments Inc. now owns 2,468 shares of the company’s stock worth $25,000 after purchasing an additional 1,500 shares in the last quarter. FMR LLC increased its position in shares of Joby Aviation by 60.7% in the first quarter. FMR LLC now owns 6,065 shares of the company’s stock worth $26,000 after acquiring an additional 2,290 shares in the last quarter. CWM LLC increased its position in shares of Joby Aviation by 78.4% in the first quarter. CWM LLC now owns 8,301 shares of the company’s stock worth $36,000 after acquiring an additional 3,649 shares in the last quarter. Toroso Investments LLC acquired a new position in Joby Aviation in the 4th quarter worth approximately $36,000. Finally, Pinnacle Wealth Planning Services Inc. acquired a new stake in Joby Aviation during the 4th quarter valued at $39,000. 36.28% of the stock is owned by institutional investors and hedge funds.

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.