Joby Aviation (NYSE:JOBY) CEO Joeben Bevirt Sells 14,456 Shares

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 14,456 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $9.88, for a total value of $142,825.28. Following the completion of the transaction, the chief executive officer directly owned 309,642 shares in the company, valued at approximately $3,059,262.96. This represents a 4.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• 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 transaction of $630,632.76.
• On Tuesday, February 10th, Joeben Bevirt sold 1,590 shares of Joby Aviation stock. The stock was sold at an average price of $10.55, for a total transaction of $16,774.50.
• On Monday, February 9th, Joeben Bevirt sold 507,182 shares of Joby Aviation stock. The shares were sold at an average price of $10.62, for a total transaction of $5,386,272.84.
• On Tuesday, January 13th, Joeben Bevirt sold 1,630 shares of Joby Aviation stock. The shares were sold at an average price of $14.83, for a total transaction of $24,172.90.
• On Friday, January 2nd, Joeben Bevirt sold 23,552 shares of Joby Aviation stock. The stock was sold at an average price of $13.51, for a total transaction of $318,187.52.

Joby Aviation Price Performance

Shares of Joby Aviation stock opened at $9.98 on Wednesday. Joby Aviation, Inc. has a 1-year low of $4.96 and a 1-year high of $20.95. The company’s fifty day simple moving average is $13.30 and its 200-day simple moving average is $14.77. The stock has a market capitalization of $9.10 billion, a PE ratio of -7.45 and a beta of 2.57.

Trending Headlines about Joby Aviation

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

• Positive Sentiment: Joby announced a production strategy with Toyota engineers embedded in its facilities and a target of ramping to four aircraft per month by 2027 — a material operational milestone that could lower unit costs and create a competitive manufacturing advantage. Made by Toyota: Joby Aviation Targeting 4 Aircraft Per Month
• Neutral Sentiment: Joby’s January capital raise (~$1B, mix of equity and convertibles) boosted cash above $1B and funds the Dayton facility and ramp — this reduces near-term insolvency risk but also caused short-term dilution that pressured the stock earlier. Made by Toyota: Joby Aviation Targeting 4 Aircraft Per Month
• Negative Sentiment: Multiple insiders sold shares this week, including CEO Joeben Bevirt’s large sale (507,182 shares at ~$9.91 reported Feb. 17) disclosed in an SEC Form 4 — a high-profile block that can be interpreted as meaningful selling pressure even if it’s for diversification or other non-fundamental reasons. CEO Form 4 filing
• Negative Sentiment: Several other executives and insiders (Bonny W. Simi, Eric Allison, Didier Papadopoulos, Gregory Bowles, Kate DeHoff) also reported sales in mid-February, collectively reducing insider stake percentages — additional selling that can sap confidence while the company transitions to production. Sample insider Form 4 filing

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Bancorp raised its stake in Joby Aviation by 207.4% during the fourth quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock valued at $26,000 after purchasing an additional 1,348 shares in the last quarter. Asset Planning Inc grew its stake in shares of Joby Aviation by 70.0% in the 3rd quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after buying an additional 700 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Joby Aviation by 284.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock worth $27,000 after buying an additional 1,880 shares during the last quarter. Canton Hathaway LLC purchased a new stake in shares of Joby Aviation during the 3rd quarter valued at about $29,000. Finally, Strategic Advocates LLC bought a new position in shares of Joby Aviation in the 3rd quarter valued at about $29,000. 52.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JOBY. HC Wainwright reiterated a “neutral” rating on shares of Joby Aviation in a research report on Monday, November 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 target price on shares of Joby Aviation in a report on Thursday, November 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Joby Aviation in a report on Thursday, January 22nd. The Goldman Sachs Group initiated coverage on Joby Aviation in a research report on Monday, December 1st. They issued a “sell” rating and a $10.00 price objective on the stock. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a $15.50 price objective on shares of Joby Aviation in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $13.21.

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.