Joby Aviation, Inc. (NYSE:JOBY) Insider Sells $15,953.00 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 2,279 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $7.00, for a total transaction of $15,953.00. Following the completion of the sale, the insider now directly owns 50,975 shares in the company, valued at approximately $356,825. The trade was a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, September 16th, Didier Papadopoulos sold 6,025 shares of Joby Aviation stock. The stock was sold at an average price of $5.33, for a total value of $32,113.25.

Joby Aviation Price Performance

Shares of NYSE JOBY opened at $7.09 on Friday. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of -10.13 and a beta of 1.97. The stock’s fifty day moving average price is $5.54 and its two-hundred day moving average price is $5.37. Joby Aviation, Inc. has a one year low of $4.50 and a one year high of $7.69.

Joby Aviation (NYSE:JOBY) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Joby Aviation had a negative net margin of 42,844.57% and a negative return on equity of 51.76%. The business had revenue of $0.28 million during the quarter, compared to analyst estimates of $0.06 million. During the same quarter last year, the company posted ($0.13) earnings per share. On average, equities analysts anticipate that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Joby Aviation from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, October 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price target on shares of Joby Aviation in a report on Monday, September 30th. HC Wainwright reiterated a “buy” rating and issued a $9.00 price objective on shares of Joby Aviation in a report on Wednesday, October 2nd. Canaccord Genuity Group dropped their price objective on shares of Joby Aviation from $10.50 to $9.75 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Finally, Needham & Company LLC assumed coverage on shares of Joby Aviation in a report on Tuesday. They set a “buy” rating and a $8.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $8.35.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in JOBY. Larson Financial Group LLC increased its position in shares of Joby Aviation by 218.3% in the third quarter. Larson Financial Group LLC now owns 7,290 shares of the company’s stock worth $37,000 after purchasing an additional 5,000 shares during the period. Nisa Investment Advisors LLC increased its holdings in Joby Aviation by 216.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,540 shares of the company’s stock valued at $44,000 after buying an additional 5,840 shares during the period. Empowered Funds LLC acquired a new position in shares of Joby Aviation in the 3rd quarter valued at approximately $51,000. Sound Income Strategies LLC lifted its holdings in shares of Joby Aviation by 3,311.3% during the 3rd quarter. Sound Income Strategies LLC now owns 10,302 shares of the company’s stock worth $52,000 after acquiring an additional 10,000 shares during the period. Finally, Integris Wealth Management LLC acquired a new stake in shares of Joby Aviation during the 2nd quarter worth approximately $54,000. 45.54% of the stock is owned by institutional investors.

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.