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Insider Selling: Joby Aviation, Inc. (NYSE:JOBY) Insider Sells 4,217 Shares of Stock

Joby Aviation logo with Transportation background

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Didier Papadopoulos sold 4,217 shares of Joby Aviation stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $4.93, for a total value of $20,789.81. Following the completion of the sale, the insider now owns 81,121 shares of the company's stock, valued at approximately $399,926.53. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Friday, May 3rd, Didier Papadopoulos sold 2,587 shares of Joby Aviation stock. The stock was sold at an average price of $5.50, for a total transaction of $14,228.50.
  • On Wednesday, April 3rd, Didier Papadopoulos sold 11,362 shares of Joby Aviation stock. The shares were sold at an average price of $4.96, for a total transaction of $56,355.52.

Joby Aviation Stock Performance

Joby Aviation stock traded up $0.08 during trading on Tuesday, reaching $5.00. 3,837,682 shares of the company's stock were exchanged, compared to its average volume of 4,706,879. Joby Aviation, Inc. has a 52-week low of $4.50 and a 52-week high of $11.98. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of -6.58 and a beta of 2.00. The company's 50-day moving average is $4.98 and its two-hundred day moving average is $5.55.


Joby Aviation (NYSE:JOBY - Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.17) by $0.03. The company had revenue of $0.03 million during the quarter, compared to analyst estimates of $0.05 million. Joby Aviation's quarterly revenue was down 97.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.16) EPS. Analysts anticipate that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on JOBY. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $10.00 target price on shares of Joby Aviation in a research report on Monday. JPMorgan Chase & Co. raised Joby Aviation from an "underweight" rating to a "neutral" rating and set a $5.00 price objective on the stock in a research note on Friday, May 3rd.

Read Our Latest Stock Report on Joby Aviation

Institutional Investors Weigh In On Joby Aviation

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Advisors LLC grew its position in shares of Joby Aviation by 32.9% during the first quarter. Cetera Advisors LLC now owns 20,276 shares of the company's stock worth $109,000 after buying an additional 5,025 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Joby Aviation by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 193,322 shares of the company's stock worth $1,037,000 after buying an additional 10,234 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Joby Aviation in the 1st quarter worth approximately $15,357,000. Vanguard Group Inc. increased its holdings in shares of Joby Aviation by 9.1% in the 1st quarter. Vanguard Group Inc. now owns 34,659,624 shares of the company's stock valued at $185,776,000 after acquiring an additional 2,889,012 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in Joby Aviation by 8.5% during the first quarter. ProShare Advisors LLC now owns 50,103 shares of the company's stock worth $269,000 after purchasing an additional 3,942 shares during the last quarter. Hedge funds and other institutional investors own 45.54% of the company's stock.

About Joby Aviation

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Joby Aviation (NYSE:JOBY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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