Didier Papadopoulos Sells 12,965 Shares of Joby Aviation (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 12,965 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $8.15, for a total value of $105,664.75. Following the sale, the insider owned 147,678 shares in the company, valued at $1,203,575.70. This trade represents a 8.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, March 17th, Didier Papadopoulos sold 2,594 shares of Joby Aviation stock. The shares were sold at an average price of $9.85, for a total value of $25,550.90.
• On Monday, March 16th, Didier Papadopoulos sold 4,231 shares of Joby Aviation stock. The stock was sold at an average price of $9.94, for a total value of $42,056.14.
• On Wednesday, March 11th, Didier Papadopoulos sold 1,172 shares of Joby Aviation stock. The stock was sold at an average price of $9.90, for a total value 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 value of $19,628.75.
• 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 transaction of $62,004.84.
• On Friday, February 13th, Didier Papadopoulos sold 10,382 shares of Joby Aviation stock. The stock was sold at an average price of $9.88, for a total transaction of $102,574.16.
• 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 transaction 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 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 stock was sold at an average price of $14.84, for a total transaction of $20,286.28.

Joby Aviation Price Performance

NYSE:JOBY traded down $0.00 during trading hours on Friday, reaching $8.50. 23,309,062 shares of the company were exchanged, compared to its average volume of 23,038,890. The firm has a market cap of $7.75 billion, a price-to-earnings ratio of -7.45 and a beta of 2.68. The stock has a 50 day simple moving average of $10.03 and a 200 day simple moving average of $13.47. Joby Aviation, Inc. has a 52-week low of $4.96 and a 52-week high of $20.95.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings data on Wednesday, February 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.06. The company had revenue of $30.84 million for the quarter, compared to analysts’ expectations of $16.88 million. The firm’s quarterly revenue was up 5506.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.34) earnings per share. On average, analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Analysts Set New Price Targets

JOBY has been the subject of several research analyst reports. Needham & Company LLC dropped their price target on Joby Aviation to $18.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Oppenheimer set a $18.00 target price on Joby Aviation in a report on Thursday, February 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Joby Aviation in a research report on Thursday, January 22nd. JPMorgan Chase & Co. cut their price target on shares of Joby Aviation from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Thursday, February 26th. Finally, 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. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $13.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Joby Aviation by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 52,488,707 shares of the company’s stock worth $692,851,000 after buying an additional 2,540,382 shares during the period. Geode Capital Management LLC boosted its holdings in Joby Aviation by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 11,790,532 shares of the company’s stock worth $155,671,000 after acquiring an additional 390,794 shares during the period. State Street Corp grew its position in Joby Aviation by 5.0% in the fourth quarter. State Street Corp now owns 10,812,929 shares of the company’s stock valued at $142,731,000 after acquiring an additional 512,129 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Joby Aviation by 6.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,370,983 shares of the company’s stock valued at $57,697,000 after acquiring an additional 271,475 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Joby Aviation by 41.2% during the third quarter. Bank of America Corp DE now owns 4,192,109 shares of the company’s stock valued at $67,661,000 after purchasing an additional 1,223,412 shares during the period. Institutional investors and hedge funds own 52.85% of the company’s stock.

About Joby Aviation

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.