Joby Aviation (NYSE:JOBY) CEO Joeben Bevirt Sells 3,238 Shares

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 3,238 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $10.25, for a total transaction of $33,189.50. Following the sale, the chief executive officer directly owned 249,048 shares of the company’s stock, valued at approximately $2,552,742. This represents a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, February 17th, Joeben Bevirt sold 507,182 shares of Joby Aviation stock. The stock was sold at an average price of $9.91, for a total transaction of $5,026,173.62.
• On Tuesday, February 17th, Joeben Bevirt sold 63,636 shares of Joby Aviation stock. The stock was sold at an average price of $9.91, for a total transaction of $630,632.76.
• On Friday, February 13th, Joeben Bevirt sold 14,456 shares of Joby Aviation stock. The shares were sold at an average price of $9.88, for a total transaction of $142,825.28.
• On Tuesday, February 10th, Joeben Bevirt sold 1,590 shares of Joby Aviation stock. The shares were 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 value of $5,386,272.84.
• On Tuesday, January 13th, Joeben Bevirt sold 1,630 shares of Joby Aviation stock. The stock was sold at an average price of $14.83, for a total value 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 value of $318,187.52.

Joby Aviation Trading Down 3.7%

NYSE:JOBY traded down $0.38 during mid-day trading on Thursday, hitting $9.85. 6,634,563 shares of the company’s stock traded hands, compared to its average volume of 28,328,887. The firm has a market capitalization of $8.98 billion, a price-to-earnings ratio of -8.64 and a beta of 2.59. The firm has a 50 day moving average of $11.95 and a two-hundred day moving average of $14.00. 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 quarterly earnings results on Wednesday, February 25th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.06. The business had revenue of $30.84 million during the quarter, compared to the consensus estimate of $16.88 million. During the same period in the prior year, the firm earned ($0.34) earnings per share. The business’s quarterly revenue was up 5506.5% on a year-over-year basis. As a group, equities research analysts expect that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Key Headlines Impacting Joby Aviation

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

• Positive Sentiment: Joby began flight testing its first FAA‑conforming aircraft as part of the Type Inspection Authorization (TIA) process — a key step toward type certification and commercial passenger service. This materially de‑risks Joby’s certification timeline and supports commercial launch plans. Joby’s First FAA-Conforming Aircraft Takes Flight
• Positive Sentiment: Regulatory/operational pathway strengthened: Joby was named to federal eVTOL/eIPP and DOT advanced air mobility pilot initiatives, enabling early operations across multiple U.S. states and aligning the company with government pilot programs — a near‑term commercial runway catalyst. Joby Aviation Joins Federal eIPP
• Positive Sentiment: Commercial launch timeline tightened: multiple reports say Joby plans to launch U.S. air‑taxi operations in the coming months, supported by the first production model now flying — a sign that operational commercialization is moving from concept to execution. Joby to launch U.S. air-taxi service
• Positive Sentiment: Institutional conviction: ARK Invest (Cathie Wood) added JOBY shares amid the FAA/DOT activity, signaling continued investor interest from an active AAM-focused fund. Cathie Wood Bets On Joby
• Neutral Sentiment: Analyst/coverage commentary highlights optionality across mobility and defense markets, framing Joby as having multiple addressable markets but still dependent on certification and scale to monetize those opportunities. Joby Aviation: Optionality Across Mobility And Defense
• Negative Sentiment: Legal and regulatory risk increased after rival Archer filed/updated countersuit alleging Joby concealed China ties and misclassified imports — claims that could raise supply‑chain and contract risks and invite regulatory scrutiny. This has pressured sentiment despite the certification progress. Joby’s first production model takes off / context on disputes
• Negative Sentiment: Insider selling — multiple filings show executives (including the CEO and other senior officers) sold shares over the last two days. While amounts are relatively small versus total holdings, the cluster of sales can signal near‑term profit‑taking and contributes to downward pressure on the stock. SEC insider sale filings

Analyst Upgrades and Downgrades

Several research firms recently commented on JOBY. Needham & Company LLC reduced their price target on shares of Joby Aviation to $18.00 and set a “buy” rating for the company in a report on Thursday, February 26th. JPMorgan Chase & Co. dropped their price objective on shares of Joby Aviation from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Thursday, February 26th. Oppenheimer set a $18.00 price objective on shares of Joby Aviation in a research report on Thursday, February 26th. Canaccord Genuity Group reiterated a “hold” rating and issued a $15.50 target price on shares of Joby Aviation in a research note on Tuesday, February 3rd. Finally, HC Wainwright reissued a “buy” rating and set a $18.00 target price on shares of Joby Aviation in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $13.81.

Institutional Investors Weigh In On Joby Aviation

A number of institutional investors have recently bought and sold shares of the business. Asset Planning Inc boosted its position in shares of Joby Aviation by 70.0% during the 3rd quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock valued at $27,000 after acquiring an additional 700 shares in the last quarter. Strategic Advocates LLC bought a new position in Joby Aviation during the third quarter worth about $29,000. Canton Hathaway LLC acquired a new stake in Joby Aviation during the third quarter valued at approximately $29,000. Fifth Third Bancorp grew its stake in shares of Joby Aviation by 207.4% in the 4th 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 during the period. Finally, Hilltop National Bank acquired a new position in shares of Joby Aviation in the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 52.85% of the company’s stock.

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.