Insider Selling: Joby Aviation (NYSE:JOBY) CEO Sells $4,370,177.22 in Stock

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 421,019 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $10.38, for a total value of $4,370,177.22. Following the completion of the transaction, the chief executive officer directly owned 31,678,802 shares of the company’s stock, valued at $328,825,964.76. This represents a 1.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Joeben Bevirt also recently made the following trade(s):

• On Wednesday, April 15th, Joeben Bevirt sold 421,018 shares of Joby Aviation stock. The shares were sold at an average price of $9.03, for a total value of $3,801,792.54.
• On Wednesday, April 15th, Joeben Bevirt sold 39,963 shares of Joby Aviation stock. The shares were sold at an average price of $9.03, for a total value of $360,865.89.
• On Wednesday, April 8th, Joeben Bevirt sold 986 shares of Joby Aviation stock. The shares were sold at an average price of $8.87, for a total value of $8,745.82.
• On Thursday, April 2nd, Joeben Bevirt sold 15,823 shares of Joby Aviation stock. The shares were sold at an average price of $8.15, for a total value of $128,957.45.
• On Tuesday, March 10th, Joeben Bevirt sold 3,238 shares of Joby Aviation stock. The shares were sold at an average price of $10.25, for a total value of $33,189.50.
• On Tuesday, February 17th, Joeben Bevirt sold 507,182 shares of Joby Aviation stock. The shares were sold at an average price of $9.91, for a total value of $5,026,173.62.
• On Tuesday, February 17th, Joeben Bevirt sold 63,636 shares of Joby Aviation stock. The shares were sold at an average price of $9.91, for a total value of $630,632.76.

Joby Aviation Stock Performance

Joby Aviation stock opened at $10.37 on Monday. The business has a 50 day moving average of $9.26 and a 200-day moving average of $11.97. Joby Aviation, Inc. has a 1 year low of $6.42 and a 1 year high of $20.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 22.06 and a quick ratio of 22.05. The company has a market capitalization of $10.20 billion, a P/E ratio of -9.01 and a beta of 2.61.

Joby Aviation (NYSE:JOBY) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.09. Joby Aviation had a negative return on equity of 60.54% and a negative net margin of 1,232.62%.The company had revenue of $24.25 million for the quarter, compared to analyst estimates of $20.17 million. During the same period in the previous year, the firm earned ($0.11) earnings per share. On average, equities research analysts predict that Joby Aviation, Inc. will post -0.83 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on JOBY. JPMorgan Chase & Co. reduced their target price on Joby Aviation from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Thursday, February 26th. Morgan Stanley reduced their target price on Joby Aviation from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 target price on shares of Joby Aviation in a report on Wednesday, May 6th. HC Wainwright reiterated a “buy” rating and issued a $18.00 target price on shares of Joby Aviation in a report on Thursday, March 12th. Finally, Wall Street Zen upgraded Joby Aviation from a “strong sell” rating to a “sell” rating in a report on Sunday, May 10th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $13.06.

Trending Headlines about Joby Aviation

Here are the key news stories impacting Joby Aviation this week:

• Positive Sentiment: Joby continues to attract attention as a leading eVTOL name, with recent coverage highlighting its potential to benefit from the growth of advanced air mobility and comparisons that frame it as one of the stronger players in the sector.
• Neutral Sentiment: News that Joby is planning New York eVTOL demonstrations and discussing progress under the FAA’s eIPP suggests the company is still pushing regulatory and public-awareness efforts that could support long-term adoption, but these developments are not immediate revenue catalysts. Article Title Article Title
• Negative Sentiment: CEO Joeben Bevirt sold 421,019 shares in a pre-arranged 10b5-1 transaction, a move that can weigh on sentiment even though it was disclosed as part of a planned trading arrangement. Article Title
• Negative Sentiment: Some recent commentary compares Joby with Archer and suggests the competition in the eVTOL race is still highly uncertain, reinforcing concerns that execution and regulatory timing will be key to future upside. Article Title

Institutional Trading of Joby Aviation

Several hedge funds have recently modified their holdings of JOBY. Royal Bank of Canada increased its stake in shares of Joby Aviation by 110.5% in the 1st quarter. Royal Bank of Canada now owns 85,070 shares of the company’s stock valued at $512,000 after acquiring an additional 44,659 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Joby Aviation in the 1st quarter valued at $273,000. Strs Ohio bought a new stake in shares of Joby Aviation in the 1st quarter valued at $37,000. Cetera Investment Advisers increased its stake in shares of Joby Aviation by 16.0% in the 2nd quarter. Cetera Investment Advisers now owns 64,069 shares of the company’s stock valued at $676,000 after acquiring an additional 8,840 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Joby Aviation by 80.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 750,733 shares of the company’s stock valued at $7,920,000 after acquiring an additional 333,995 shares in the last quarter. Institutional investors own 52.85% of the company’s stock.

About Joby Aviation

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.