Joby Aviation, Inc. (NYSE:JOBY) Insider Sells $151,620.80 in Stock

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Didier Papadopoulos sold 15,440 shares of Joby Aviation stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $9.82, for a total value of $151,620.80. Following the completion of the sale, the insider directly owned 90,055 shares of the company's stock, valued at approximately $884,340.10. The trade was a 14.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Monday, June 16th, Didier Papadopoulos sold 4,683 shares of Joby Aviation stock. The stock was sold at an average price of $8.90, for a total value of $41,678.70.
• On Thursday, May 8th, Didier Papadopoulos sold 2,899 shares of Joby Aviation stock. The shares were sold at an average price of $7.00, for a total transaction of $20,293.00.

Joby Aviation Trading Up 3.7%

Shares of NYSE:JOBY traded up $0.36 during midday trading on Wednesday, hitting $10.17. The company had a trading volume of 29,185,119 shares, compared to its average volume of 14,859,380. Joby Aviation, Inc. has a 12-month low of $4.66 and a 12-month high of $11.16. The company has a fifty day moving average of $7.73 and a two-hundred day moving average of $7.44.

Joby Aviation (NYSE:JOBY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.07. Joby Aviation had a negative return on equity of 63.27% and a negative net margin of 447,083.78%. During the same quarter in the previous year, the company posted ($0.14) EPS. Sell-side analysts forecast that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Hedge Funds Weigh In On Joby Aviation

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Joby Aviation by 773.9% in the first quarter. GAMMA Investing LLC now owns 5,663 shares of the company's stock worth $34,000 after purchasing an additional 5,015 shares in the last quarter. Strs Ohio bought a new position in Joby Aviation in the 1st quarter worth $37,000. Whittier Trust Co. purchased a new stake in Joby Aviation in the 4th quarter worth $38,000. Toronto Dominion Bank bought a new stake in Joby Aviation during the fourth quarter valued at about $41,000. Finally, Carolinas Wealth Consulting LLC bought a new stake in Joby Aviation during the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 52.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Canaccord Genuity Group restated a "buy" rating and set a $12.00 price objective on shares of Joby Aviation in a research report on Wednesday, June 4th. Morgan Stanley reiterated an "equal weight" rating and set a $7.00 target price (down from $10.00) on shares of Joby Aviation in a research note on Friday, April 11th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $9.00 price objective on shares of Joby Aviation in a report on Monday, June 23rd. Finally, HC Wainwright reissued a "buy" rating and issued a $13.00 target price (up previously from $9.00) on shares of Joby Aviation in a report on Monday, June 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Joby Aviation currently has a consensus rating of "Hold" and a consensus price target of $9.33.

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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