Insider Selling: Joby Aviation (NYSE:JOBY) Director Sells $417,500.00 in Stock

Joby Aviation, Inc. (NYSE:JOBY) Director Paul Sciarra sold 62,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $6.68, for a total transaction of $417,500.00. Following the transaction, the director owned 55,703,057 shares in the company, valued at approximately $372,096,420.76. This trade represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 transaction of $497,500.00.

Joby Aviation Stock Down 1.7%

Shares of NYSE:JOBY opened at $6.75 on Friday. Joby Aviation, Inc. has a 1-year low of $6.61 and a 1-year high of $19.98. 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 has a market cap of $6.68 billion, a P/E ratio of -6.82 and a beta of 2.68. The firm has a fifty day moving average price of $7.69 and a 200 day moving average price of $8.98.

Joby Aviation (NYSE:JOBY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates 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 firm posted ($0.41) earnings per share. The company’s revenue for the quarter was up 257493.3% compared to the same quarter last year. Sell-side analysts predict that Joby Aviation, Inc. will post -1 EPS for the current year.

Key Headlines Impacting 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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Needham & Company LLC lowered their target price on Joby Aviation from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Joby Aviation from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Wall Street Zen downgraded shares of Joby Aviation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 8th. HC Wainwright restated a “buy” rating on shares of Joby Aviation in a research report on Thursday, August 6th. Finally, Susquehanna set a $18.00 target price on shares of Joby Aviation in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Joby Aviation has a consensus rating of “Reduce” and a consensus price target of $13.81.

Institutional Trading of Joby Aviation

Large investors have recently bought and sold shares of the company. Fifth Third Bancorp grew its position in shares of Joby Aviation by 207.4% in 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 during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Joby Aviation in the 4th quarter valued at approximately $28,000. Ancora Advisors LLC purchased a new stake in Joby Aviation in the 3rd quarter valued at approximately $35,000. Pandora Wealth Inc. acquired a new stake in Joby Aviation during the 4th quarter valued at $32,000. Finally, DV Equities LLC acquired a new stake in Joby Aviation during the 4th quarter valued at $33,000. 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.