Didier Papadopoulos Sells 3,574 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 3,574 shares of Joby Aviation stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $6.79, for a total transaction of $24,267.46. Following the sale, the insider now owns 2,099 shares in the company, valued at $14,252.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, September 15th, Didier Papadopoulos sold 5,968 shares of Joby Aviation stock. The shares were sold at an average price of $6.72, for a total transaction of $40,104.96.
• On Monday, July 10th, Didier Papadopoulos sold 6,029 shares of Joby Aviation stock. The shares were sold at an average price of $9.77, for a total transaction of $58,903.33.
• On Friday, June 30th, Didier Papadopoulos sold 57,873 shares of Joby Aviation stock. The shares were sold at an average price of $10.44, for a total transaction of $604,194.12.

Joby Aviation Trading Up 4.4 %

Shares of JOBY traded up $0.29 on Monday, reaching $6.83. 9,825,353 shares of the company’s stock were exchanged, compared to its average volume of 5,816,739. The stock has a market capitalization of $4.74 billion, a P/E ratio of -7.67 and a beta of 2.11. The business has a 50 day moving average price of $7.92 and a two-hundred day moving average price of $6.29. Joby Aviation, Inc. has a 12 month low of $3.15 and a 12 month high of $11.98.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). Equities research analysts predict that Joby Aviation, Inc. will post -0.66 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Cantor Fitzgerald lifted their price target on shares of Joby Aviation from $9.00 to $10.00 in a report on Thursday, August 3rd. SpectralCast reissued a “maintains” rating on shares of Joby Aviation in a report on Friday, June 30th. Canaccord Genuity Group started coverage on shares of Joby Aviation in a report on Friday, June 9th. They set a “buy” rating and a $8.00 price target for the company. JPMorgan Chase & Co. downgraded shares of Joby Aviation from a “neutral” rating to an “underweight” rating and boosted their target price for the stock from $5.00 to $6.00 in a research note on Wednesday, July 19th. Finally, 888 reaffirmed a “maintains” rating on shares of Joby Aviation in a research note on Friday, June 30th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7.08.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its holdings in shares of Joby Aviation by 10.3% in the second quarter. Osaic Holdings Inc. now owns 123,947 shares of the company’s stock valued at $1,271,000 after buying an additional 11,614 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Joby Aviation by 228.9% in the second quarter. Nuveen Asset Management LLC now owns 2,240,796 shares of the company’s stock valued at $22,991,000 after buying an additional 1,559,541 shares during the period. GTS Securities LLC acquired a new position in shares of Joby Aviation in the second quarter valued at approximately $543,000. Alliancebernstein L.P. boosted its holdings in shares of Joby Aviation by 25.8% in the second quarter. Alliancebernstein L.P. now owns 320,600 shares of the company’s stock valued at $3,289,000 after buying an additional 65,800 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Joby Aviation by 58.0% in the second quarter. Wells Fargo & Company MN now owns 130,814 shares of the company’s stock valued at $1,342,000 after buying an additional 48,025 shares during the period. Institutional investors and hedge funds own 36.28% of the company’s stock.

About Joby Aviation

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.