Joby Aviation, Inc. (NYSE:JOBY) Insider Didier Papadopoulos Sells 2,279 Shares

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 2,279 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $7.00, for a total value of $15,953.00. Following the completion of the transaction, the insider now owns 50,975 shares in the company, valued at $356,825. This represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, September 16th, Didier Papadopoulos sold 6,025 shares of Joby Aviation stock. The shares were sold at an average price of $5.33, for a total value of $32,113.25.

Joby Aviation Stock Up 4.3 %

Shares of JOBY stock opened at $7.09 on Friday. Joby Aviation, Inc. has a 12-month low of $4.50 and a 12-month high of $7.69. The firm has a fifty day moving average of $5.54 and a 200-day moving average of $5.37. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of -10.13 and a beta of 1.97.

Joby Aviation (NYSE:JOBY) last released its earnings results on Wednesday, November 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). The firm had revenue of $0.28 million for the quarter, compared to the consensus estimate 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 quarter last year, the company posted ($0.13) EPS. On average, equities analysts expect that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Institutional Investors Weigh In On Joby Aviation

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in Joby Aviation by 7.7% in the third quarter. Geode Capital Management LLC now owns 9,390,720 shares of the company’s stock valued at $47,245,000 after purchasing an additional 670,852 shares in the last quarter. Kensington Investment Counsel LLC increased its position in shares of Joby Aviation by 12.0% in the third quarter. Kensington Investment Counsel LLC now owns 34,099 shares of the company’s stock valued at $172,000 after acquiring an additional 3,653 shares during the last quarter. EP Wealth Advisors LLC boosted its position in Joby Aviation by 15.4% during the third quarter. EP Wealth Advisors LLC now owns 37,369 shares of the company’s stock valued at $188,000 after purchasing an additional 5,000 shares during the last quarter. State Street Corp grew its stake in Joby Aviation by 9.5% in the third quarter. State Street Corp now owns 9,372,636 shares of the company’s stock valued at $47,144,000 after purchasing an additional 812,248 shares in the last quarter. Finally, Holocene Advisors LP increased its position 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 worth $2,622,000 after purchasing an additional 249,375 shares during the last quarter. Institutional investors and hedge funds own 45.54% of the company’s stock.

Analyst Ratings Changes

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

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.