Joby Aviation, Inc. (NYSE:JOBY – Get Free Report) insider Didier Papadopoulos sold 4,231 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $9.94, for a total value of $42,056.14. Following the completion of the transaction, the insider directly owned 138,135 shares of the company’s stock, valued at approximately $1,373,061.90. This represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Didier Papadopoulos also recently made the following trade(s):
- On Tuesday, March 17th, Didier Papadopoulos sold 2,594 shares of Joby Aviation stock. The stock was sold at an average price of $9.85, for a total transaction of $25,550.90.
- On Wednesday, March 11th, Didier Papadopoulos sold 1,172 shares of Joby Aviation stock. The shares were sold at an average price of $9.90, for a total transaction of $11,602.80.
- On Tuesday, March 10th, Didier Papadopoulos sold 1,915 shares of Joby Aviation stock. The shares were sold at an average price of $10.25, for a total transaction of $19,628.75.
- On Tuesday, February 17th, Didier Papadopoulos sold 6,366 shares of Joby Aviation stock. The stock was sold at an average price of $9.74, for a total transaction of $62,004.84.
- On Friday, February 13th, Didier Papadopoulos sold 10,382 shares of Joby Aviation stock. The shares were sold at an average price of $9.88, for a total value of $102,574.16.
- 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 value of $8,274.24.
- On Tuesday, February 10th, Didier Papadopoulos sold 1,333 shares of Joby Aviation stock. The stock was sold at an average price of $10.55, for a total transaction 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 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.
Joby Aviation Stock Performance
Shares of NYSE JOBY opened at $9.71 on Friday. Joby Aviation, Inc. has a fifty-two week low of $4.96 and a fifty-two week high of $20.95. The stock has a market cap of $8.85 billion, a PE ratio of -8.51 and a beta of 2.59. The stock has a fifty day moving average of $11.31 and a 200-day moving average of $13.81.
Analyst Ratings Changes
Several research firms have recently weighed in on JOBY. Canaccord Genuity Group restated a “hold” rating and set a $15.50 price objective on shares of Joby Aviation in a research report on Tuesday, February 3rd. Oppenheimer set a $18.00 target price on shares of Joby Aviation in a research report on Thursday, February 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a report on Thursday, January 22nd. HC Wainwright reiterated a “buy” rating and set a $18.00 price objective on shares of Joby Aviation in a research report on Thursday, March 12th. Finally, Needham & Company LLC reduced their price objective on Joby Aviation to $18.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $13.81.
Read Our Latest Stock Report on Joby Aviation
Institutional Trading of Joby Aviation
Several institutional investors have recently added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC increased its holdings in shares of Joby Aviation by 22.5% in the third quarter. GPS Wealth Strategies Group LLC now owns 3,794 shares of the company’s stock worth $61,000 after buying an additional 697 shares during the period. Asset Planning Inc boosted its holdings in Joby Aviation by 70.0% during the 3rd quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock valued at $27,000 after acquiring an additional 700 shares during the period. GoalVest Advisory LLC boosted its holdings in Joby Aviation by 2.1% during the 4th quarter. GoalVest Advisory LLC now owns 33,500 shares of the company’s stock valued at $442,000 after acquiring an additional 700 shares during the period. Thrivent Financial for Lutherans lifted its position in Joby Aviation by 4.6% in the third quarter. Thrivent Financial for Lutherans now owns 16,705 shares of the company’s stock valued at $270,000 after purchasing an additional 736 shares during the last quarter. Finally, Allworth Financial LP lifted its position in Joby Aviation by 11.9% in the second quarter. Allworth Financial LP now owns 7,197 shares of the company’s stock valued at $76,000 after purchasing an additional 763 shares during the last quarter. 52.85% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
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