Joby Aviation, Inc. (NYSE:JOBY) Insider Sells $52,448.56 in Stock

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Didier Papadopoulos sold 5,102 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $10.28, for a total transaction of $52,448.56. Following the completion of the transaction, the insider directly owned 84,953 shares in the company, valued at approximately $873,316.84. The trade was a 5.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• 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.
• 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 transaction 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 6.8%

Shares of JOBY traded up $0.72 during trading hours on Tuesday, reaching $11.38. 33,393,817 shares of the stock traded hands, compared to its average volume of 15,052,121. Joby Aviation, Inc. has a 52-week low of $4.66 and a 52-week high of $11.70. The company's 50-day moving average price is $8.05 and its two-hundred day moving average price is $7.52. The company has a market cap of $9.01 billion, a P/E ratio of -13.55 and a beta of 2.47.

Joby Aviation (NYSE:JOBY - Get Free Report) last released its earnings results 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 net margin of 447,083.78% and a negative return on equity of 63.27%. During the same quarter in the previous year, the business posted ($0.14) EPS. On average, research analysts forecast that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have 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. Cantor Fitzgerald restated a "neutral" rating and issued a $9.00 price objective on shares of Joby Aviation in a report on Monday, June 23rd. 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 report on Friday, April 11th. Finally, HC Wainwright reissued a "buy" rating and set a $13.00 price target (up previously from $9.00) on shares of Joby Aviation in a research report on Monday, June 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $9.33.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Toyota Motor Corp purchased a new position in shares of Joby Aviation during the 4th quarter valued at $640,259,000. Vanguard Group Inc. lifted its stake in shares of Joby Aviation by 15.8% during the 4th quarter. Vanguard Group Inc. now owns 46,760,562 shares of the company's stock valued at $380,163,000 after buying an additional 6,388,232 shares in the last quarter. Uber Technologies Inc purchased a new stake in Joby Aviation in the 4th quarter worth $207,842,000. Geode Capital Management LLC lifted its stake in Joby Aviation by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 10,208,358 shares of the company's stock worth $83,015,000 after purchasing an additional 817,638 shares in the last quarter. Finally, Rheos Capital Works Inc. lifted its stake in Joby Aviation by 89.4% in the 1st quarter. Rheos Capital Works Inc. now owns 4,555,000 shares of the company's stock worth $27,421,000 after purchasing an additional 2,150,000 shares in the last quarter. Hedge funds and other institutional investors own 52.85% of the company's stock.

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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