Insider Selling: Joby Aviation (NYSE:JOBY) Insider Sells 1,979 Shares of Stock

Key Points

• Didier Papadopoulos, an insider at Joby Aviation, sold **1,979 shares** of the company's stock at an average price of **$14.22**, representing a 2.18% decrease in his position.
• Brokerages have varied opinions on Joby Aviation, with one downgrade to a **"sell" rating** and analysts setting an average price target of **$10.50** for the stock.

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Didier Papadopoulos sold 1,979 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $14.22, for a total transaction of $28,141.38. Following the transaction, the insider owned 88,628 shares in the company, valued at approximately $1,260,290.16. The trade was a 2.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, September 15th, Didier Papadopoulos sold 5,987 shares of Joby Aviation stock. The stock was sold at an average price of $14.55, for a total transaction of $87,110.85.
• On Thursday, July 3rd, Didier Papadopoulos sold 5,102 shares of Joby Aviation stock. The stock was 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 stock was sold at an average price of $9.82, for a total transaction of $151,620.80.

Joby Aviation Stock Performance

Shares of NYSE JOBY traded up $0.25 during trading hours on Tuesday, hitting $14.37. 56,438,826 shares of the stock were exchanged, compared to its average volume of 31,915,002. The company's fifty day simple moving average is $15.51 and its two-hundred day simple moving average is $10.10. Joby Aviation, Inc. has a 1-year low of $4.78 and a 1-year high of $20.95.

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

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on JOBY. Wall Street Zen downgraded shares of Joby Aviation from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Canaccord Genuity Group cut shares of Joby Aviation from a "buy" rating to a "hold" rating and raised their price target for the stock from $12.00 to $17.00 in a report on Thursday, August 7th. Cantor Fitzgerald restated a "neutral" rating and issued a $9.00 price target on shares of Joby Aviation in a report on Monday, June 23rd. HC Wainwright cut shares of Joby Aviation from a "buy" rating to a "neutral" rating in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of Joby Aviation from $5.00 to $7.00 and gave the stock an "underweight" rating in a report on Friday, August 1st. One investment 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. Based on data from MarketBeat.com, Joby Aviation presently has a consensus rating of "Hold" and an average price target of $10.50.

Joby Aviation Company Profile

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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