Paul Cahill Sciarra Sells 62,500 Shares of Joby Aviation (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) Director Paul Sciarra sold 62,500 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $6.68, for a total value of $417,500.00. Following the transaction, the director directly owned 55,703,057 shares of the company’s stock, valued at $372,096,420.76. This trade represents a 0.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paul Cahill Sciarra also recently made the following trade(s):

• On Thursday, August 13th, Paul Sciarra sold 62,500 shares of Joby Aviation stock. The shares were sold at an average price of $7.96, for a total value of $497,500.00.

Joby Aviation Stock Performance

Joby Aviation stock opened at $6.75 on Friday. Joby Aviation, Inc. has a 12-month low of $6.61 and a 12-month high of $19.98. The company has a quick ratio of 17.98, a current ratio of 17.98 and a debt-to-equity ratio of 0.40. The business’s 50-day moving average price is $7.69 and its two-hundred day moving average price is $8.98. The stock has a market cap of $6.68 billion, a PE ratio of -6.82 and a beta of 2.68.

Joby Aviation (NYSE:JOBY) last posted its earnings results on Wednesday, August 5th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.02). The company had revenue of $38.64 million during the quarter, compared to the consensus estimate of $30.20 million. Joby Aviation had a negative return on equity of 55.29% and a negative net margin of 755.11%.The firm’s revenue was up 257493.3% compared to the same quarter last year. During the same period last year, the company posted ($0.41) EPS. As a group, analysts expect that Joby Aviation, Inc. will post -1 earnings per share for the current fiscal year.

Trending Headlines about Joby Aviation

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

• Positive Sentiment: Joby agreed to acquire defense technology company Resonant Sciences for approximately $500 million, mostly in cash. The transaction could roughly double Joby’s revenue on a comparable trailing-12-month basis and diversify the company beyond its eVTOL aircraft business. Joby Aviation Is Spending $450 Million in Cash to Roughly Double Its Revenue
• Neutral Sentiment: Joby’s latest quarter showed revenue of $38.64 million, well above the $30.20 million consensus estimate, and revenue growth was substantial year over year. However, the company reported a $0.25 per-share loss versus expectations for a $0.23 loss, while analysts still forecast a roughly $1 per-share loss for the full year. Joby Aviation, Inc. Down 16.5% Since Last Earnings Report
• Negative Sentiment: The Resonant Sciences deal is primarily cash-funded, raising investor concerns about capital consumption as Joby continues to operate at a significant loss. The stock is trading below its 50-day and 200-day moving averages and near its 12-month low, reflecting weak momentum.
• Negative Sentiment: Analyst sentiment remains cautious. Needham lowered its price target to $15 despite maintaining a Buy rating, while the broader analyst consensus is “Reduce,” with three Sell, four Hold and two Buy ratings. Joby Aviation Analyst Ratings
• Neutral Sentiment: CFO Rodrigo Brumana sold 46,729 shares over September 2–3, while Director Paul Sciarra sold 62,500 shares. Both transactions were made under pre-arranged Rule 10b5-1 plans; Brumana’s sales were specifically intended to cover tax withholding on vested equity awards, reducing their bearish significance. Joby Aviation Insider Trading

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its position in shares of Joby Aviation by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 11,790,532 shares of the company’s stock valued at $155,671,000 after buying an additional 390,794 shares during the last quarter. State Street Corp lifted its stake in shares of Joby Aviation by 5.0% in the fourth quarter. State Street Corp now owns 10,812,929 shares of the company’s stock worth $142,731,000 after acquiring an additional 512,129 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Joby Aviation by 6.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,370,983 shares of the company’s stock valued at $57,697,000 after acquiring an additional 271,475 shares during the last quarter. Bank of America Corp DE increased its position in Joby Aviation by 41.2% during the 3rd quarter. Bank of America Corp DE now owns 4,192,109 shares of the company’s stock valued at $67,661,000 after purchasing an additional 1,223,412 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Joby Aviation by 194.5% during the 1st quarter. Renaissance Technologies LLC now owns 4,005,200 shares of the company’s stock worth $33,083,000 after purchasing an additional 2,645,200 shares during the last quarter. 52.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JOBY. Wall Street Zen cut shares of Joby Aviation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Barclays raised Joby Aviation to a “hold” rating in a report on Wednesday, July 29th. Needham & Company LLC lowered their target price on Joby Aviation from $18.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, August 6th. HC Wainwright reiterated a “buy” rating on shares of Joby Aviation in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded Joby Aviation from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $13.81.

Joby Aviation Company Profile

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.