Insider Selling: Joby Aviation (NYSE:JOBY) CFO Sells $15,475.95 in Stock

Key Points

• Joby Aviation CFO Rodrigo Brumana sold 2,601 shares at an average price of $5.95, generating $15,475.95. The sale covered tax-withholding obligations from vested equity awards, leaving him with 113,275 shares.
• JOBY shares fell to $5.79 and remain near their 12-month low of $5.72, while the company continues to report losses and negative profitability metrics. Its latest quarterly revenue exceeded expectations, but earnings per share missed analyst estimates.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $13.81. Investors also face risks related to aircraft certification, delayed commercial air-taxi service, potential dilution and ongoing legal challenges.

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) CFO Rodrigo Brumana sold 2,601 shares of Joby Aviation stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $5.95, for a total value of $15,475.95. Following the transaction, the chief financial officer owned 113,275 shares of the company's stock, valued at $673,986.25. This represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Rodrigo Brumana also recently made the following trade(s):

• On Thursday, September 3rd, Rodrigo Brumana sold 8,898 shares of Joby Aviation stock. The shares were sold at an average price of $6.89, for a total value of $61,307.22.
• On Wednesday, September 2nd, Rodrigo Brumana sold 37,831 shares of Joby Aviation stock. The stock was sold at an average price of $6.77, for a total value of $256,115.87.

Joby Aviation Price Performance

Shares of NYSE JOBY traded down $0.15 during trading on Monday, reaching $5.79. The company had a trading volume of 21,327,477 shares, compared to its average volume of 31,249,814. The stock has a market capitalization of $5.73 billion, a PE ratio of -5.85 and a beta of 2.66. The company has a current ratio of 17.98, a quick ratio of 17.98 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average price of $7.01 and a two-hundred day moving average price of $8.46. Joby Aviation, Inc. has a twelve month low of $5.72 and a twelve month high of $19.98.

Joby Aviation (NYSE:JOBY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.25) earnings per share for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.02). Joby Aviation had a negative return on equity of 55.29% and a negative net margin of 755.11%.The business had revenue of $38.64 million for the quarter, compared to analysts' expectations of $30.20 million. During the same period in the prior year, the company earned ($0.41) EPS. The company's revenue for the quarter was up 257493.3% compared to the same quarter last year. As a group, sell-side analysts predict that Joby Aviation, Inc. will post -1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on JOBY shares. Cantor Fitzgerald reiterated a "neutral" rating on shares of Joby Aviation in a report on Monday, September 21st. Barclays upgraded Joby Aviation to a "hold" rating in a report on Wednesday, July 29th. Susquehanna set a $18.00 target price on Joby Aviation in a report on Thursday, August 6th. 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. Finally, Weiss Ratings upgraded shares of Joby Aviation from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $13.81.

Institutional Investors Weigh In On Joby Aviation

Institutional investors and hedge funds have recently modified their holdings of the stock. Clear Street Group Inc. grew its stake in shares of Joby Aviation by 59.9% in the fourth quarter. Clear Street Group Inc. now owns 3,593,043 shares of the company's stock valued at $47,428,000 after buying an additional 1,346,205 shares in the last quarter. Renaissance Technologies LLC lifted its position in Joby Aviation by 194.5% during the 1st quarter. Renaissance Technologies LLC now owns 4,005,200 shares of the company's stock worth $33,083,000 after acquiring an additional 2,645,200 shares in the last quarter. Norges Bank purchased a new position in Joby Aviation in the 4th quarter worth approximately $32,269,000. Amova Asset Management Americas Inc. boosted its holdings in Joby Aviation by 0.9% in the 4th quarter. Amova Asset Management Americas Inc. now owns 1,808,251 shares of the company's stock worth $23,851,000 after acquiring an additional 16,862 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Joby Aviation by 48.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,679,515 shares of the company's stock valued at $22,133,000 after acquiring an additional 870,244 shares in the last quarter. Hedge funds and other institutional investors own 52.85% of the company's stock.

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

Joby Aviation Company Profile

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.

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