Didier Papadopoulos Sells 7,262 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 7,262 shares of the stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $5.15, for a total value of $37,399.30. Following the completion of the sale, the insider now owns 65,561 shares of the company’s stock, valued at approximately $337,639.15. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, July 1st, Didier Papadopoulos sold 23,188 shares of Joby Aviation stock. The shares were sold at an average price of $4.86, for a total value of $112,693.68.
• On Monday, June 17th, Didier Papadopoulos sold 4,217 shares of Joby Aviation stock. The shares were sold at an average price of $4.93, for a total value of $20,789.81.
• 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 value of $14,228.50.

Joby Aviation Stock Performance

NYSE JOBY opened at $5.15 on Friday. Joby Aviation, Inc. has a 1-year low of $4.50 and a 1-year high of $11.06. The business has a 50 day simple moving average of $5.04 and a two-hundred day simple moving average of $5.43.

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

Institutional Trading of Joby Aviation

Large investors have recently made changes to their positions in the business. Monterey Private Wealth Inc. bought a new position in shares of Joby Aviation in the 4th quarter valued at about $67,000. International Assets Investment Management LLC purchased a new stake in Joby Aviation during the fourth quarter valued at approximately $73,000. Private Advisor Group LLC bought a new stake in shares of Joby Aviation in the 4th quarter valued at approximately $77,000. Teza Capital Management LLC purchased a new position in shares of Joby Aviation in the 3rd quarter worth approximately $76,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Joby Aviation during the 4th quarter valued at approximately $86,000. 45.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on JOBY shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 target price on shares of Joby Aviation in a report on Monday. JPMorgan Chase & Co. upgraded shares of Joby Aviation from an “underweight” rating to a “neutral” rating and set a $5.00 price target on the stock in a research note on Friday, May 3rd.

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.