Insider Selling: Joby Aviation, Inc. (NYSE:JOBY) Insider Sells 6,005 Shares of Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 6,005 shares of the firm’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 transaction, the insider now directly owns 54,776 shares in the company, valued at approximately $419,036.40. This represents a 9.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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 Trading Up 3.3 %

Shares of JOBY stock traded up $0.26 on Tuesday, reaching $8.24. The company’s stock had a trading volume of 15,934,746 shares, compared to its average volume of 8,616,325. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of -11.77 and a beta of 2.32. The stock’s fifty day simple moving average is $6.50 and its 200-day simple moving average is $5.76. Joby Aviation, Inc. has a 1 year low of $4.50 and a 1 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 analysts’ consensus estimates of ($0.19) by ($0.02). The company had revenue of $0.28 million for the quarter, compared to analysts’ expectations of $0.06 million. Joby Aviation had a negative return on equity of 51.76% and a negative net margin of 42,844.57%. During the same period last year, the business posted ($0.13) earnings per share. Equities research analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

JOBY has been the topic of several analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price target on shares of Joby Aviation in a research report on Monday, September 30th. JPMorgan Chase & Co. lowered their price objective on Joby Aviation from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. HC Wainwright restated a “buy” rating and set a $9.00 target price on shares of Joby Aviation in a research report on Wednesday, October 2nd. Needham & Company LLC initiated coverage on Joby Aviation in a research report on Tuesday, November 19th. They set a “buy” rating and a $8.00 price target for the company. Finally, Canaccord Genuity Group lowered their target price on shares of Joby Aviation from $10.50 to $9.75 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $8.35.

Hedge Funds Weigh In On Joby Aviation

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