Insider Selling: Joby Aviation (NYSE:JOBY) CEO Sells 1,630 Shares of Stock

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 1,630 shares of the company’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $14.83, for a total value of $24,172.90. Following the sale, the chief executive officer owned 291,555 shares of the company’s stock, valued at $4,323,760.65. The trade was a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, January 2nd, Joeben Bevirt sold 23,552 shares of Joby Aviation stock. The shares were sold at an average price of $13.51, for a total value of $318,187.52.

Joby Aviation Price Performance

Shares of JOBY stock traded up $0.30 on Wednesday, hitting $15.11. 20,695,715 shares of the company’s stock were exchanged, compared to its average volume of 28,610,189. The company has a 50 day moving average of $14.53 and a 200 day moving average of $15.17. The stock has a market cap of $13.78 billion, a P/E ratio of -11.28 and a beta of 2.56. Joby Aviation, Inc. has a 12 month low of $4.96 and a 12 month high of $20.95.

Joby Aviation (NYSE:JOBY) last issued its earnings results on Wednesday, November 5th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.29). The business had revenue of $22.57 million during the quarter, compared to analysts’ expectations of $0.02 million. The company’s quarterly revenue was up 7962.1% on a year-over-year basis. During the same period last year, the firm posted ($0.21) earnings per share. Sell-side analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Asset Planning Inc increased its position in shares of Joby Aviation by 70.0% during the third quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after buying an additional 700 shares during the period. Strategic Advocates LLC acquired a new position in Joby Aviation in the third quarter valued at $29,000. Canton Hathaway LLC bought a new stake in Joby Aviation during the third quarter valued at $29,000. Hilltop National Bank acquired a new stake in Joby Aviation during the 3rd quarter worth about $32,000. Finally, Ancora Advisors LLC bought a new stake in shares of Joby Aviation during the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 52.85% of the company’s stock.

Key Headlines Impacting Joby Aviation

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

• Positive Sentiment: Joby will expand manufacturing capacity with an acquisition of a new Ohio facility — the move should help scale production and shorten time-to-delivery as Joby ramps toward commercial service, supporting long‑term revenue and margin improvement. Read More.
• Positive Sentiment: Joby partnered with Metropolis to build 25 vertiports across the U.S., a key infrastructure deal that de‑risks market access and supports launch plans for its air‑taxi service — this increases the credibility of near‑term commercialization and potential localized recurring revenue streams. Read More.
• Negative Sentiment: Multiple insiders (including CEO Joeben Bevirt, CFO Rodrigo Brumana and several senior executives) sold shares across filings on Jan. 13–14 — aggregating into sizable, public reductions of insider positions. While insider sales can reflect diversification or liquidity needs, the breadth and scale of the transactions can be interpreted as a near‑term negative signal by investors. See representative SEC Form 4 filing (CEO). Read More.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JOBY. Zacks Research raised shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Needham & Company LLC reissued a “buy” rating and set a $22.00 price objective on shares of Joby Aviation in a report on Thursday, November 6th. The Goldman Sachs Group assumed coverage on Joby Aviation in a research report on Monday, December 1st. They set a “sell” rating and a $10.00 price objective on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a report on Wednesday, October 8th. Finally, HC Wainwright reaffirmed a “neutral” rating on shares of Joby Aviation in a research note on Monday, November 24th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Joby Aviation has an average rating of “Reduce” and an average target price of $13.43.

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.