Joby Aviation, Inc. (NYSE:JOBY) Insider Didier Papadopoulos Sells 6,005 Shares

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 6,005 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $7.65, for a total transaction of $45,938.25. Following the completion of the sale, the insider now directly owns 54,776 shares in the company, valued at approximately $419,036.40. The trade was a 9.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, November 21st, Didier Papadopoulos sold 2,279 shares of Joby Aviation stock. The stock was sold at an average price of $7.00, for a total value of $15,953.00.

Joby Aviation Price Performance

Shares of NYSE:JOBY opened at $8.24 on Wednesday. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of -11.77 and a beta of 2.32. The company has a 50 day moving average of $6.50 and a 200-day moving average of $5.76. Joby Aviation, Inc. has a one year low of $4.50 and a one year high of $9.33.

Joby Aviation (NYSE:JOBY) last issued its 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 business had revenue of $0.28 million for the quarter, compared to the consensus estimate of $0.06 million. During the same quarter in the previous year, the firm posted ($0.13) EPS. Equities research analysts anticipate that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Joby Aviation

Several hedge funds have recently added to or reduced their stakes in the stock. Intech Investment Management LLC acquired a new position in shares of Joby Aviation in the 3rd quarter valued at approximately $518,000. Fred Alger Management LLC boosted its holdings in shares of Joby Aviation by 89.4% in the third quarter. Fred Alger Management LLC now owns 123,368 shares of the company’s stock valued at $621,000 after buying an additional 58,229 shares during the period. Caprock Group LLC increased its position in shares of Joby Aviation by 179.5% during the third quarter. Caprock Group LLC now owns 124,404 shares of the company’s stock worth $626,000 after acquiring an additional 79,896 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its holdings in shares of Joby Aviation by 1,018.5% during the second quarter. Susquehanna Fundamental Investments LLC now owns 677,116 shares of the company’s stock worth $3,453,000 after acquiring an additional 616,579 shares during the period. Finally, Holocene Advisors LP lifted its position in Joby Aviation by 91.7% in the 3rd quarter. Holocene Advisors LP now owns 521,327 shares of the company’s stock valued at $2,622,000 after acquiring an additional 249,375 shares in the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

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.