Joby Aviation (NYSE:JOBY) CEO Sells $93,944.55 in Stock

Joby Aviation, Inc. (NYSE:JOBY) CEO JoeBen Bevirt sold 15,789 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $5.95, for a total transaction of $93,944.55. Following the completion of the sale, the chief executive officer owned 254,519 shares in the company, valued at $1,514,388.05. The trade was a 5.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, September 15th, JoeBen Bevirt sold 606,667 shares of Joby Aviation stock. The shares were sold at an average price of $6.19, for a total value of $3,755,268.73.

Joby Aviation Stock Performance

Shares of NYSE JOBY traded down $0.15 during midday trading on Monday, hitting $5.79. 21,327,477 shares of the company’s stock were exchanged, compared to its average volume of 31,249,814. The company has a debt-to-equity ratio of 0.40, a current ratio of 17.98 and a quick ratio of 17.98. The stock’s 50 day moving average price is $7.01 and its 200-day moving average price is $8.46. The firm has a market cap of $5.73 billion, a P/E ratio of -5.85 and a beta of 2.66. Joby Aviation, Inc. has a twelve month low of $5.72 and a twelve month high of $19.98.

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

Institutional Investors Weigh In On Joby Aviation

Several large investors have recently modified their holdings of JOBY. Strs Ohio raised its position in shares of Joby Aviation by 2.5% during the first quarter. Strs Ohio now owns 50,000 shares of the company’s stock worth $413,000 after purchasing an additional 1,200 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Joby Aviation by 11.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 15,304 shares of the company’s stock valued at $126,000 after purchasing an additional 1,532 shares during the period. RFG Advisory LLC increased its stake in Joby Aviation by 12.3% in the 1st quarter. RFG Advisory LLC now owns 14,004 shares of the company’s stock worth $116,000 after purchasing an additional 1,539 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Joby Aviation during the fourth quarter valued at about $28,000. Finally, International Assets Investment Management LLC lifted its stake in Joby Aviation by 14.9% during the first quarter. International Assets Investment Management LLC now owns 16,566 shares of the company’s stock valued at $137,000 after buying an additional 2,150 shares in the last quarter. 52.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

JOBY has been the topic of several research analyst reports. Barclays raised shares of Joby Aviation to a “hold” rating in a research note on Wednesday, July 29th. HC Wainwright reiterated a “buy” rating and issued a $18.00 price objective on shares of Joby Aviation in a report on Monday, September 21st. Susquehanna set a $18.00 target price on Joby Aviation in a report on Thursday, August 6th. Wall Street Zen downgraded Joby Aviation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 8th. Finally, Needham & Company LLC decreased their price target on Joby Aviation from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $13.81.

More Joby Aviation News

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

• Positive Sentiment: Joby has raised its 2026 revenue outlook, and recent revenue exceeded analyst expectations. A White House-backed pilot program could also support future demand for electric air-taxi services. However, much of the current revenue growth is coming from Blade, the helicopter passenger business acquired by Joby, rather than from Joby’s own aircraft. Joby Aviation Is Near Its 52-Week Low With 91% Upside. The Catch Is Real
• Neutral Sentiment: Multiple Joby insiders, including CEO JoeBen Bevirt, CFO Rodrigo Brumana and directors and executives Kate Dehoff, Bonny Simi, Gregory Bowles, Sergey Novikov and Eric Allison, sold shares at approximately $5.95. The sales collectively involved about 59,000 shares and were disclosed as sales to cover tax-withholding obligations tied to vested equity awards, making them less concerning than discretionary insider selling. SEC insider transaction filing
• Negative Sentiment: A federal court reportedly dismissed or narrowed several claims in Joby’s legal dispute with Archer Aviation, giving Archer some relief and weakening Joby’s position in the litigation. Archer Aviation Gets Legal Relief as Court Dismisses Some Joby Claims
• Negative Sentiment: Investors remain concerned that Joby’s core air-taxi business has not yet entered commercial service. The company continues to face certification and execution risks, ongoing losses and the possibility that additional capital needs could dilute shareholders. Should You Be Worried About Joby Stock?
• Negative Sentiment: Director Paul Sciarra also reported selling 62,500 shares under a Rule 10b5-1 trading plan, adding to the recent flow of insider-sale headlines even though the transaction was preplanned. Joby Aviation Director Paul Sciarra Sells 62,500 Shares via Rule 10b5-1 Trading Plan

About Joby Aviation

Joby Aviation, Inc (NYSE: JOBY) is an aviation company developing all-electric vertical takeoff and landing (eVTOL) aircraft for commercial passenger transportation. Its aircraft are designed to take off and land vertically like a helicopter while providing quieter, lower-emission transportation for short urban and regional trips.

The company is pursuing an integrated air-taxi business model that includes designing and manufacturing its aircraft, operating passenger services, and developing the software and infrastructure needed to support aerial mobility.