Insider Selling: Joby Aviation (NYSE:JOBY) Insider Sells $102,574.16 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 10,382 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $9.88, for a total transaction of $102,574.16. Following the completion of the sale, the insider owned 134,914 shares of the company’s stock, valued at $1,332,950.32. This trade represents a 7.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, February 17th, Didier Papadopoulos sold 6,366 shares of Joby Aviation stock. The shares were sold at an average price of $9.74, for a total value of $62,004.84.
• On Wednesday, February 11th, Didier Papadopoulos sold 816 shares of Joby Aviation stock. The stock was sold at an average price of $10.14, for a total value of $8,274.24.
• On Tuesday, February 10th, Didier Papadopoulos sold 1,333 shares of Joby Aviation stock. The shares were sold at an average price of $10.55, for a total value of $14,063.15.
• On Wednesday, January 14th, Didier Papadopoulos sold 804 shares of Joby Aviation stock. The shares were sold at an average price of $14.53, for a total value 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 shares were 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 transaction 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 transaction 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 transaction of $89,745.13.

Joby Aviation Stock Up 1.8%

Shares of JOBY stock opened at $10.28 on Friday. Joby Aviation, Inc. has a 12-month low of $4.96 and a 12-month high of $20.95. The company has a market capitalization of $9.37 billion, a PE ratio of -7.67 and a beta of 2.57. The firm has a 50 day moving average price of $13.10 and a two-hundred day moving average price of $14.71.

Analysts Set New Price Targets

A number of research analysts have commented on JOBY shares. Zacks Research raised Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. The Goldman Sachs Group initiated coverage on shares of Joby Aviation in a research report on Monday, December 1st. They issued a “sell” rating and a $10.00 target price for the company. Canaccord Genuity Group reaffirmed a “hold” rating and set a $15.50 price target on shares of Joby Aviation in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research note on Thursday, January 22nd. Finally, Needham & Company LLC restated a “buy” rating and set a $22.00 target price on shares of Joby Aviation in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Joby Aviation presently has a consensus rating of “Reduce” and an average price target of $13.21.

Institutional Investors Weigh In On Joby Aviation

A number of large investors have recently bought and sold shares of JOBY. Fifth Third Bancorp increased its holdings in Joby Aviation by 207.4% in the 4th quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock valued at $26,000 after buying an additional 1,348 shares during the period. Asset Planning Inc boosted its position in shares of Joby Aviation by 70.0% during the 3rd quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after acquiring an additional 700 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Joby Aviation by 284.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock valued at $27,000 after acquiring an additional 1,880 shares during the last quarter. Canton Hathaway LLC acquired a new position in Joby Aviation during the third quarter valued at approximately $29,000. Finally, Strategic Advocates LLC bought a new stake in Joby Aviation during the third quarter worth $29,000. 52.85% of the stock is currently owned by institutional investors and hedge funds.

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.