Joby Aviation (NYSE:JOBY) Insider Didier Papadopoulos Sells 15,439 Shares

Key Points

• Didier Papadopoulos, an insider at Joby Aviation, sold a total of 15,439 shares at an average price of $16.78, resulting in a total transaction value of approximately $259,066.
• Joby Aviation's stock showed some positive movement, increasing by 2.6% to reach $18.26, despite a twelve-month high of $20.95 and a low of $4.80.
• The company's recent earnings report indicated a loss of ($0.24) EPS, missing analysts' expectations, and revealed a remarkable decline in revenue of 94.6% year-over-year.

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Didier Papadopoulos sold 15,439 shares of the business's stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $16.78, for a total value of $259,066.42. Following the sale, the insider owned 103,206 shares of the company's stock, valued at approximately $1,731,796.68. The trade was a 13.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, October 3rd, Didier Papadopoulos sold 5,102 shares of Joby Aviation stock. The stock was sold at an average price of $18.08, for a total value of $92,244.16.
• On Tuesday, September 16th, Didier Papadopoulos sold 1,979 shares of Joby Aviation stock. The stock was sold at an average price of $14.22, for a total value of $28,141.38.
• 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 value of $87,110.85.

Joby Aviation Stock Up 2.6%

Shares of Joby Aviation stock traded up $0.46 during trading on Friday, reaching $18.26. 35,832,315 shares of the company were exchanged, compared to its average volume of 41,566,616. Joby Aviation, Inc. has a twelve month low of $4.80 and a twelve month high of $20.95. The business has a 50-day moving average price of $15.70 and a 200-day moving average price of $10.95.

Joby Aviation (NYSE:JOBY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.06). The company had revenue of $0.02 million during the quarter, compared to analyst estimates of $0.05 million. During the same period in the previous year, the business posted ($0.18) earnings per share. The firm's revenue for the quarter was down 94.6% compared to the same quarter last year. Research analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Institutional Trading of Joby Aviation

Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in Joby Aviation by 284.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company's stock worth $27,000 after acquiring an additional 1,880 shares in the last quarter. GPS Wealth Strategies Group LLC raised its holdings in Joby Aviation by 32.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 3,097 shares of the company's stock worth $33,000 after acquiring an additional 750 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Joby Aviation during the second quarter worth about $39,000. Solstein Capital LLC bought a new stake in Joby Aviation during the second quarter worth about $47,000. Finally, Laurel Wealth Advisors LLC raised its holdings in Joby Aviation by 954.8% during the second quarter. Laurel Wealth Advisors LLC now owns 5,369 shares of the company's stock worth $57,000 after acquiring an additional 4,860 shares in the last quarter. Institutional investors own 52.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $9.00 price objective on shares of Joby Aviation in a research note on Monday, June 23rd. Canaccord Genuity Group cut Joby Aviation from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $12.00 to $17.00 in a research note on Thursday, August 7th. JPMorgan Chase & Co. lifted their price objective on Joby Aviation from $5.00 to $7.00 and gave the stock an "underweight" rating in a research note on Friday, August 1st. Weiss Ratings reissued a "sell (d-)" rating on shares of Joby Aviation in a research note on Saturday, September 27th. Finally, Wall Street Zen cut Joby Aviation from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average price target 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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