Joby Aviation, Inc. (NYSE:JOBY) Insider Didier Papadopoulos Sells 2,279 Shares

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

NYSE JOBY traded up $0.29 during trading on Friday, reaching $7.09. 23,724,660 shares of the company traded hands, compared to its average volume of 7,723,055. Joby Aviation, Inc. has a 1-year low of $4.50 and a 1-year high of $7.69. The company has a market cap of $5.42 billion, a price-to-earnings ratio of -10.01 and a beta of 1.97. The stock’s 50 day moving average price is $5.51 and its two-hundred day moving average price is $5.36.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Joby Aviation had a negative net margin of 42,844.57% and a negative return on equity of 51.76%. The company had revenue of $0.28 million during the quarter, compared to analyst estimates of $0.06 million. During the same period in the prior year, the firm earned ($0.13) EPS. Equities research analysts expect that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Joby Aviation

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Joby Aviation by 9.1% during the 1st quarter. Vanguard Group Inc. now owns 34,659,624 shares of the company’s stock valued at $185,776,000 after purchasing an additional 2,889,012 shares during the last quarter. Ieq Capital LLC raised its stake in shares of Joby Aviation by 68.6% in the second quarter. Ieq Capital LLC now owns 4,441,574 shares of the company’s stock valued at $22,652,000 after acquiring an additional 1,807,054 shares during the last quarter. State Street Corp boosted its holdings in shares of Joby Aviation by 9.5% in the 3rd quarter. State Street Corp now owns 9,372,636 shares of the company’s stock worth $47,144,000 after acquiring an additional 812,248 shares in the last quarter. Geode Capital Management LLC grew its position in Joby Aviation by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 9,390,720 shares of the company’s stock worth $47,245,000 after acquiring an additional 670,852 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC increased its holdings in Joby Aviation by 1,018.5% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 677,116 shares of the company’s stock valued at $3,453,000 after purchasing an additional 616,579 shares in the last quarter. Institutional investors own 45.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Canaccord Genuity Group cut their price objective on shares of Joby Aviation from $10.50 to $9.75 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 price target on shares of Joby Aviation in a report on Monday, September 30th. HC Wainwright reiterated a “buy” rating and issued a $9.00 price objective on shares of Joby Aviation in a research report on Wednesday, October 2nd. Needham & Company LLC began coverage on Joby Aviation in a research report on Tuesday. They set a “buy” rating and a $8.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their target price on 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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Joby Aviation presently has an average rating of “Moderate Buy” and an average target price 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.