Didier Papadopoulos Sells 5,987 Shares of Joby Aviation (NYSE:JOBY) Stock

Key Points

• Didier Papadopoulos, an insider at Joby Aviation, sold 5,987 shares on September 15th for approximately $87,110.85, reducing his ownership stake by 6.20%.
• Joby Aviation's recent earnings report showed a loss of ($0.24) per share, missing estimates, with quarterly revenue down 94.6% compared to the previous year.
• The company's stock is currently rated as a Hold by analysts, with a consensus target price of $10.50.

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Didier Papadopoulos sold 5,987 shares of the firm's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $14.55, for a total transaction of $87,110.85. Following the completion of the transaction, the insider directly owned 90,607 shares of the company's stock, valued at approximately $1,318,331.85. The trade was a 6.20% decrease in their ownership of the stock. The sale 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 Tuesday, September 16th, Didier Papadopoulos sold 1,979 shares of Joby Aviation stock. The shares were sold at an average price of $14.22, for a total transaction of $28,141.38.
• On Thursday, July 3rd, Didier Papadopoulos sold 5,102 shares of Joby Aviation stock. The shares were sold at an average price of $10.28, for a total transaction of $52,448.56.
• On Wednesday, July 2nd, Didier Papadopoulos sold 15,440 shares of Joby Aviation stock. The shares were sold at an average price of $9.82, for a total transaction of $151,620.80.

Joby Aviation Stock Performance

Shares of Joby Aviation stock traded up $0.25 on Tuesday, hitting $14.37. 56,438,826 shares of the company traded hands, compared to its average volume of 31,915,002. The firm's 50-day simple moving average is $15.51 and its 200 day simple moving average is $10.10. Joby Aviation, Inc. has a 12-month low of $4.78 and a 12-month high of $20.95.

Joby Aviation (NYSE:JOBY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.06). The company had revenue of $0.02 million for the quarter, compared to analysts' expectations of $0.05 million. Joby Aviation had a negative net margin of 447,083.78% and a negative return on equity of 71.29%. The business's quarterly revenue was down 94.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.18) EPS. On average, equities research analysts expect that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Joby Aviation

Hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Joby Aviation in the fourth quarter valued at about $121,000. Deutsche Bank AG increased its position in shares of Joby Aviation by 26.0% in the fourth quarter. Deutsche Bank AG now owns 350,784 shares of the company's stock valued at $2,852,000 after acquiring an additional 72,329 shares during the period. GAMMA Investing LLC increased its position in shares of Joby Aviation by 5,161.0% in the first quarter. GAMMA Investing LLC now owns 34,091 shares of the company's stock valued at $205,000 after acquiring an additional 33,443 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of Joby Aviation in the fourth quarter valued at about $495,000. Finally, California State Teachers Retirement System increased its position in shares of Joby Aviation by 1.1% in the fourth quarter. California State Teachers Retirement System now owns 186,003 shares of the company's stock valued at $1,512,000 after acquiring an additional 2,065 shares during the period. Hedge funds and other institutional investors own 52.85% of the company's stock.

Wall Street Analysts Forecast Growth

JOBY has been the topic of several research reports. HC Wainwright cut shares of Joby Aviation from a "buy" rating to a "neutral" rating in a research report on Thursday, August 7th. Canaccord Genuity Group cut shares of Joby Aviation from a "buy" rating to a "hold" rating and raised their price objective for the company from $12.00 to $17.00 in a research report on Thursday, August 7th. Wall Street Zen cut shares of Joby Aviation from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. lifted their target price on shares of Joby Aviation from $5.00 to $7.00 and gave the stock an "underweight" rating in a research report on Friday, August 1st. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $9.00 target price on shares of Joby Aviation in a research report on Monday, June 23rd. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Joby Aviation presently has a consensus rating of "Hold" and an average target price of $10.50.

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.

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