Didier Papadopoulos Sells 23,188 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 23,188 shares of Joby Aviation stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $4.86, for a total transaction of $112,693.68. Following the completion of the sale, the insider now owns 54,666 shares of the company’s stock, valued at $265,676.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, July 3rd, Didier Papadopoulos sold 7,262 shares of Joby Aviation stock. The shares were sold at an average price of $5.15, for a total transaction of $37,399.30.
• On Monday, June 17th, Didier Papadopoulos sold 4,217 shares of Joby Aviation stock. The shares were sold at an average price of $4.93, for a total transaction of $20,789.81.
• On Friday, May 3rd, Didier Papadopoulos sold 2,587 shares of Joby Aviation stock. The shares were sold at an average price of $5.50, for a total transaction of $14,228.50.

Joby Aviation Price Performance

Shares of Joby Aviation stock traded up $0.19 during trading on Wednesday, hitting $5.15. The company’s stock had a trading volume of 5,763,553 shares, compared to its average volume of 5,094,768. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of -6.83 and a beta of 2.00. The stock has a 50-day moving average price of $5.04 and a two-hundred day moving average price of $5.44. Joby Aviation, Inc. has a 52 week low of $4.50 and a 52 week high of $11.06.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.03. The firm had revenue of $0.03 million for the quarter, compared to the consensus estimate of $0.05 million. The business’s revenue was down 97.5% compared to the same quarter last year. During the same period last year, the company posted ($0.16) EPS. On average, equities analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price target on shares of Joby Aviation in a research report on Monday. JPMorgan Chase & Co. upgraded shares of Joby Aviation from an “underweight” rating to a “neutral” rating and set a $5.00 price target for the company in a report on Friday, May 3rd.

Institutional Trading of Joby Aviation

A number of institutional investors have recently bought and sold shares of the company. Rhumbline Advisers boosted its position in shares of Joby Aviation by 2.0% during the 3rd quarter. Rhumbline Advisers now owns 418,937 shares of the company’s stock worth $2,702,000 after purchasing an additional 8,036 shares in the last quarter. Teza Capital Management LLC bought a new position in shares of Joby Aviation during the 3rd quarter worth about $76,000. Schonfeld Strategic Advisors LLC boosted its position in shares of Joby Aviation by 596.5% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 160,200 shares of the company’s stock worth $1,033,000 after purchasing an additional 137,200 shares in the last quarter. AXQ Capital LP bought a new position in shares of Joby Aviation during the 3rd quarter worth about $92,000. Finally, Tudor Investment Corp Et Al bought a new position in shares of Joby Aviation during the 3rd quarter worth about $3,534,000. Institutional investors own 45.54% of the company’s stock.

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.