Joby Aviation president sells $161,208 in stock

SANTA CRUZ, Calif.—Didier Papadopoulos, President of Aircraft OEM at Joby Aviation , Inc. (NYSE:JOBY), recently executed a series of stock transactions involving the company's common stock. The company, currently valued at $5.8 billion, has seen its shares surge over 50% in the past six months. According to a regulatory filing, Papadopoulos sold a total of 21,285 shares over two days, generating proceeds of approximately $161,208.

On February 13, Papadopoulos sold 10,354 shares at an average price of $7.43, totaling $76,930. The following day, he sold an additional 10,931 shares at an average price of $7.71, amounting to $84,278. These sales were made as part of a pre-established 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling company stocks. According to InvestingPro analysis, JOBY is currently trading above its Fair Value, with high price volatility being a notable characteristic.

Prior to these transactions, Papadopoulos acquired 28,571 shares of common stock on February 12 through the exercise of Restricted Stock Units (RSUs) at no cost. The acquisition and subsequent sales were part of routine financial management and compliance with tax obligations associated with the RSUs.

Following these transactions, Papadopoulos holds 60,121 shares of Joby Aviation's common stock. The company is headquartered in Santa Cruz, California, and is known for its work in electric vertical take-off and landing (eVTOL) aircraft.

In other recent news, Joby Aviation, a key player in the aircraft manufacturing industry, has made significant amendments to its bylaws and altered its voting rights. These changes were filed with the Securities and Exchange Commission and are part of Joby Aviation's efforts to align its corporate governance with regulatory compliance and modern best practices.

On the analysis front, Needham & Company has raised its price target for Joby Aviation from $8.00 to $10.00, maintaining a Buy rating. This adjustment came after a discussion with Joby's Chief Product Officer, Eric Allison, and reflects the company's improved financial position after a significant capital raise. Similarly, Canaccord Genuity analysts have increased their price target on Joby Aviation's shares to $11.50, citing the company's strong position in the sector.

In addition, H.C. Wainwright has maintained its Buy rating and $9.00 price target for Joby Aviation, following the company's recent completion of static load testing on the tail structure of its aircraft, a significant step in the regulatory process. These are recent developments that highlight Joby Aviation's strong regulatory progress and industry leadership outlook.

Finally, Joby Aviation has successfully concluded a maintenance training program with members of the U.S. Air Force as part of the company's contract with AFWERX Agility Prime, further demonstrating its commitment to innovation and collaboration in the aircraft manufacturing sector.

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