Insider Selling: Joby Aviation (NYSE:JOBY) Insider Sells $14,063.15 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 1,333 shares of Joby Aviation stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $10.55, for a total value of $14,063.15. Following the sale, the insider owned 117,541 shares of the company’s stock, valued at approximately $1,240,057.55. This represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, February 11th, Didier Papadopoulos sold 816 shares of Joby Aviation stock. The shares were sold at an average price of $10.14, for a total transaction of $8,274.24.
• On Wednesday, January 14th, Didier Papadopoulos sold 804 shares of Joby Aviation stock. The stock was sold at an average price of $14.53, for a total transaction of $11,682.12.
• On Tuesday, January 13th, Didier Papadopoulos sold 1,367 shares of Joby Aviation stock. The shares were sold at an average price of $14.84, for a total transaction of $20,286.28.
• On Monday, January 5th, Didier Papadopoulos sold 6,429 shares of Joby Aviation stock. The stock was sold at an average price of $15.84, for a total transaction of $101,835.36.
• On Friday, January 2nd, Didier Papadopoulos sold 11,650 shares of Joby Aviation stock. The stock was sold at an average price of $13.51, for a total value of $157,391.50.
• On Tuesday, December 16th, Didier Papadopoulos sold 1,979 shares of Joby Aviation stock. The shares were sold at an average price of $14.08, for a total value of $27,864.32.
• On Monday, December 15th, Didier Papadopoulos sold 5,987 shares of Joby Aviation stock. The shares were sold at an average price of $14.99, for a total value of $89,745.13.

Joby Aviation Stock Up 0.2%

Shares of Joby Aviation stock opened at $9.90 on Friday. Joby Aviation, Inc. has a 12-month low of $4.96 and a 12-month high of $20.95. The stock has a 50 day moving average price of $13.52 and a two-hundred day moving average price of $14.90. The stock has a market capitalization of $9.02 billion, a P/E ratio of -7.39 and a beta of 2.57.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of JOBY. Asset Planning Inc boosted its stake in Joby Aviation by 70.0% during the third quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after buying an additional 700 shares in the last quarter. Strategic Advocates LLC bought a new position in shares of Joby Aviation during the 3rd quarter worth about $29,000. Canton Hathaway LLC acquired a new stake in shares of Joby Aviation during the 3rd quarter valued at about $29,000. Fifth Third Bancorp boosted its position in shares of Joby Aviation by 207.4% during the 4th quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock valued at $26,000 after acquiring an additional 1,348 shares in the last quarter. Finally, Hilltop National Bank bought a new stake in Joby Aviation in the third quarter valued at about $32,000. 52.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JOBY has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 price objective on shares of Joby Aviation in a research note on Thursday, November 6th. HC Wainwright reaffirmed a “neutral” rating on shares of Joby Aviation in a research report on Monday, November 24th. Canaccord Genuity Group reissued a “hold” rating and issued a $15.50 price objective on shares of Joby Aviation in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. boosted their target price on shares of Joby Aviation from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Friday, October 31st. Finally, Zacks Research raised shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $13.21.

Joby Aviation Company Profile

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.