Key Points
- Insider Didier Papadopoulos sold 5,987 Joby shares on December 15 at an average price of $14.99 for $89,745, leaving him with 103,758 shares — a 5.46% reduction in his position.
- This transaction is part of a series of recent dispositions by Papadopoulos (Dec 16: 1,979 shares; Oct 3: 5,102 shares; Oct 2: 15,439 shares), totaling about 28,507 shares for roughly $469,000.
- Context: Joby has negative earnings (missed last quarter’s EPS), a market cap of about $12.82 billion, a 52-week range of $4.96–$20.95, and an analyst consensus rating of "Reduce" with a $13.43 price target.
Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Didier Papadopoulos sold 1,979 shares of the stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $14.08, for a total value of $27,864.32. Following the completion of the transaction, the insider directly owned 101,779 shares in the company, valued at $1,433,048.32. This trade represents a 1.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Didier Papadopoulos also recently made the following trade(s):
- On Monday, December 15th, Didier Papadopoulos sold 5,987 shares of Joby Aviation stock. The stock was sold at an average price of $14.99, for a total value of $89,745.13.
- 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 Thursday, October 2nd, Didier Papadopoulos sold 15,439 shares of Joby Aviation stock. The stock was sold at an average price of $16.78, for a total value of $259,066.42.
Joby Aviation Stock Down 1.0%
JOBY stock opened at $14.06 on Wednesday. The business has a 50 day moving average price of $15.35 and a 200 day moving average price of $14.36. The stock has a market cap of $12.82 billion, a price-to-earnings ratio of -10.49 and a beta of 2.53. Joby Aviation, Inc. has a fifty-two week low of $4.96 and a fifty-two week high of $20.95.
Joby Aviation (NYSE:JOBY - Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.29). The business had revenue of $22.57 million for the quarter, compared to the consensus estimate of $0.02 million. During the same quarter in the prior year, the company earned ($0.21) EPS. The firm's revenue was up 7962.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Joby Aviation, Inc. will post -0.69 EPS for the current year.
Hedge Funds Weigh In On Joby Aviation
Several institutional investors have recently added to or reduced their stakes in the stock. Toyota Motor Corp lifted its position in Joby Aviation by 63.1% during the 2nd quarter. Toyota Motor Corp now owns 128,454,401 shares of the company's stock worth $1,355,194,000 after acquiring an additional 49,701,790 shares during the period. Vanguard Group Inc. increased its holdings in shares of Joby Aviation by 13.2% in the third quarter. Vanguard Group Inc. now owns 49,948,325 shares of the company's stock valued at $806,166,000 after purchasing an additional 5,828,189 shares during the period. Geode Capital Management LLC raised its stake in shares of Joby Aviation by 5.4% during the second quarter. Geode Capital Management LLC now owns 11,109,935 shares of the company's stock worth $117,230,000 after purchasing an additional 573,328 shares during the last quarter. State Street Corp lifted its holdings in shares of Joby Aviation by 3.0% during the second quarter. State Street Corp now owns 10,392,018 shares of the company's stock worth $109,636,000 after purchasing an additional 305,109 shares during the period. Finally, Rheos Capital Works Inc. grew its position in Joby Aviation by 58.2% in the 2nd quarter. Rheos Capital Works Inc. now owns 7,205,000 shares of the company's stock valued at $76,013,000 after buying an additional 2,650,000 shares during the last quarter. Institutional investors and hedge funds own 52.85% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently commented on JOBY. Needham & Company LLC reiterated a "buy" rating and set a $22.00 price target on shares of Joby Aviation in a research note on Thursday, November 6th. JPMorgan Chase & Co. upped their price objective on shares of Joby Aviation from $7.00 to $8.00 and gave the company an "underweight" rating in a research note on Friday, October 31st. Weiss Ratings reiterated a "sell (d-)" rating on shares of Joby Aviation in a research report on Wednesday, October 8th. The Goldman Sachs Group assumed coverage on Joby Aviation in a report on Monday, December 1st. They issued a "sell" rating and a $10.00 target price for the company. Finally, Morgan Stanley upped their target price on Joby Aviation from $7.00 to $15.00 and gave the company an "equal weight" rating in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Joby Aviation presently has a consensus rating of "Reduce" and a consensus target price of $13.43.
Check Out Our Latest Research Report on JOBY
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.
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