Joby Aviation (NYSE:JOBY) Shares Down 4.6% Following Insider Selling

Key Points

• Shares fell 4.6% after CEO Joeben Bevirt sold 3,238 shares at an average price of $10.25 (about $33,190), part of a cluster of insider sales that, while small versus total holdings, has weighed on sentiment.
• Operational progress remains strong—Joby flew its first FAA‑conforming production aircraft, joined federal eVTOL pilot initiatives and is preparing U.S. air‑taxi launches—but analysts are mixed, with a MarketBeat consensus of "Reduce" and a $13.81 price target.

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report)'s share price was down 4.6% on Thursday after an insider sold shares in the company. The company traded as low as $9.74 and last traded at $9.7640. Approximately 25,303,352 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 28,759,646 shares. The stock had previously closed at $10.23.

Specifically, CEO Joeben Bevirt sold 3,238 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $10.25, for a total value of $33,189.50. Following the transaction, the chief executive officer owned 249,048 shares of the company's stock, valued at $2,552,742. This represents a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on JOBY shares. Oppenheimer set a $18.00 price objective on Joby Aviation in a report on Thursday, February 26th. HC Wainwright reaffirmed a "buy" rating and issued a $18.00 price target on shares of Joby Aviation in a report on Thursday. Weiss Ratings reiterated a "sell (d-)" rating on shares of Joby Aviation in a research note on Thursday, January 22nd. The Goldman Sachs Group began coverage on shares of Joby Aviation in a report on Monday, December 1st. They set a "sell" rating and a $10.00 price objective on the stock. Finally, Needham & Company LLC lowered their target price on shares of Joby Aviation to $18.00 and set a "buy" rating for the company in a report on Thursday, February 26th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $13.81.

Joby Aviation News Summary

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

• Positive Sentiment: Joby began flight testing its first FAA‑conforming production aircraft as part of the Type Inspection Authorization (TIA) process — a major regulatory milestone that materially de‑risks the certification path toward commercial passenger service. Joby's First FAA‑Conforming Aircraft Takes Flight
• Positive Sentiment: Joby was named to federal eVTOL/eIPP and DOT Advanced Air Mobility pilot initiatives, enabling early operations across multiple U.S. states — short‑term commercial runway and potential revenue pilot opportunities. Joby Joins Federal eIPP
• Positive Sentiment: Multiple outlets report Joby plans to launch U.S. air‑taxi operations in the coming months now that the first production model is flying — signals commercialization is accelerating. Joby to launch U.S. air‑taxi service
• Positive Sentiment: Institutional buying: ARK Invest reportedly added JOBY shares amid the FAA/DOT activity — a vote of conviction from a high‑profile AAM-focused investor. Cathie Wood Bets On Joby
• Neutral Sentiment: Analyst/coverage pieces note Joby’s optionality across mobility and defense markets — highlights upside if certification and scale succeed, but no near‑term revenue certainty until operations scale. Optionality Across Mobility And Defense
• Negative Sentiment: Legal/regulatory risk escalated after rival Archer filed/updated claims alleging Joby concealed China ties and misclassified imports — allegations that could draw regulatory scrutiny, complicate supply‑chain access or affect government contracts. Archer countersuit / context
• Negative Sentiment: Cluster of insider sales (CEO and several senior officers sold shares across March 10–11 filings). While amounts are small versus total holdings, concentrated short‑term insider selling can signal near‑term profit‑taking and weighs on sentiment. SEC insider sale filings

Joby Aviation Trading Down 4.6%

The business's fifty day moving average price is $11.95 and its 200 day moving average price is $14.00. The firm has a market capitalization of $8.90 billion, a price-to-earnings ratio of -8.56 and a beta of 2.59.

Joby Aviation (NYSE:JOBY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported ($0.14) earnings per share for the quarter, topping analysts' consensus estimates of ($0.20) by $0.06. The business had revenue of $30.84 million for the quarter, compared to analyst estimates of $16.88 million. During the same quarter in the prior year, the company earned ($0.34) EPS. The firm's revenue for the quarter was up 5506.5% on a year-over-year basis. As a group, sell-side analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Joby Aviation by 13.2% in the 3rd quarter. Vanguard Group Inc. now owns 49,948,325 shares of the company's stock worth $806,166,000 after acquiring an additional 5,828,189 shares during the period. Man Group plc purchased a new stake in shares of Joby Aviation in the third quarter valued at about $40,283,000. Norges Bank acquired a new position in shares of Joby Aviation during the fourth quarter worth about $32,269,000. Clear Street Group Inc. purchased a new position in Joby Aviation during the third quarter worth about $36,264,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Joby Aviation by 80.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,384,180 shares of the company's stock worth $44,672,000 after purchasing an additional 1,512,094 shares in the last quarter. Institutional investors and hedge funds own 52.85% of the company's stock.

About Joby Aviation

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.

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