Joby Aviation, Inc. (NYSE:JOBY) Insider Didier Papadopoulos Sells 11,362 Shares

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 11,362 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $4.96, for a total value of $56,355.52. Following the completion of the transaction, the insider now directly owns 68,278 shares of the company’s stock, valued at $338,658.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, March 18th, Didier Papadopoulos sold 3,267 shares of Joby Aviation stock. The shares were sold at an average price of $5.13, for a total value of $16,759.71.
• On Friday, March 15th, Didier Papadopoulos sold 4,217 shares of Joby Aviation stock. The shares were sold at an average price of $5.12, for a total value of $21,591.04.

Joby Aviation Price Performance

Shares of NYSE JOBY opened at $4.90 on Friday. The stock has a fifty day simple moving average of $5.53 and a two-hundred day simple moving average of $5.94. Joby Aviation, Inc. has a 1-year low of $3.72 and a 1-year high of $11.98.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings data on Wednesday, February 21st. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.02. The firm had revenue of $1.03 million for the quarter, compared to the consensus estimate of $1.50 million. During the same period last year, the company posted ($0.14) earnings per share. Equities research analysts expect that Joby Aviation, Inc. will post -0.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Joby Aviation

Several institutional investors and hedge funds have recently bought and sold shares of JOBY. Price T Rowe Associates Inc. MD lifted its position in shares of Joby Aviation by 7.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 183,088 shares of the company’s stock worth $1,218,000 after acquiring an additional 12,534 shares in the last quarter. Voya Investment Management LLC raised its position in shares of Joby Aviation by 88.3% in the fourth quarter. Voya Investment Management LLC now owns 2,174,913 shares of the company’s stock worth $14,463,000 after buying an additional 1,020,134 shares in the last quarter. Brevan Howard Capital Management LP purchased a new stake in shares of Joby Aviation in the fourth quarter worth $67,000. Bridgefront Capital LLC purchased a new stake in shares of Joby Aviation in the fourth quarter worth $106,000. Finally, Comerica Bank purchased a new stake in shares of Joby Aviation in the fourth quarter worth $73,000. 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.