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

Key Points

• Joby CEO Joeben Bevirt sold 3,238 shares on March 10 at $10.25, trimming his stake to 249,048 shares, and has made multiple large sales recently including two 507,182‑share disposals in February that generated over $10 million.
• The stock trades around $10.25 with a $9.34 billion market cap, remains unprofitable (negative earnings), and carries a MarketBeat consensus rating of "Reduce" with an average analyst target of $13.81.
• Operational catalysts include the start of flight testing of Joby’s first FAA‑conforming aircraft and selection for federal/state eVTOL pilot projects plus Uber launch plans, developments that could materially reduce certification and commercialization risk.

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) 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 value of $33,189.50. Following the transaction, the chief executive officer directly owned 249,048 shares in the company, valued at $2,552,742. This represents a 1.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 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 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 stock was 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 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

Joby Aviation stock traded up $0.37 during mid-day trading on Wednesday, reaching $10.25. The company had a trading volume of 24,647,380 shares, compared to its average volume of 28,829,979. Joby Aviation, Inc. has a 1 year low of $4.96 and a 1 year high of $20.95. The company has a market capitalization of $9.34 billion, a P/E ratio of -8.99 and a beta of 2.59. The stock's 50-day simple moving average is $12.01 and its 200-day simple moving average is $14.02.

Joby Aviation (NYSE:JOBY - Get Free Report) last announced 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 firm had revenue of $30.84 million for the quarter, compared to analysts' expectations of $16.88 million. Joby Aviation's revenue was up 5506.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.34) EPS. On average, equities analysts forecast that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JOBY. JPMorgan Chase & Co. lowered their target price on 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. Needham & Company LLC lowered their price objective on shares of Joby Aviation to $18.00 and set a "buy" rating on the stock in a research note on Thursday, February 26th. The Goldman Sachs Group started coverage on shares of Joby Aviation in a report on Monday, December 1st. They set a "sell" rating and a $10.00 target price for the company. Finally, HC Wainwright upgraded shares of Joby Aviation from a "neutral" rating to a "buy" rating and set a $18.00 target price for the company in a research report on Thursday, February 26th. Two research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average target price of $13.81.

Key Joby Aviation News

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 Type Inspection Authorization (TIA), a major step toward FAA type certification; initial pilot testing at Marina, CA, paves the way for FAA validation later this year, which would materially reduce program timing and certification risk. Joby's First FAA-Conforming Aircraft Takes Flight
• Positive Sentiment: Joby was named to federal/state eVTOL pilot projects and its eIPP selection plus Uber commercial launch plans highlight a clearer path to early revenue and partnerships — supports revenue ramp expectations and commercial credibility. Joby Aviation’s eIPP Wins And Uber Launches Put Commercial Path In Focus
• Positive Sentiment: FAA launched pilot tests across 26 states for air‑taxi/eVTOL projects, expanding opportunities for Joby to demonstrate operations and secure local support — wider pilot footprint reduces regulatory execution risk if tests go well. Flying taxis could soon take flight as FAA green-lights tests in 26 states
• Neutral Sentiment: Recent quarterly results showed an EPS beat and a large revenue acceleration year‑over‑year, but the company remains unprofitable with negative EPS guidance for the year — progress is positive but valuation still hinges on successful certification and commercial scale. (Company release and earnings recap)
• Negative Sentiment: Archer Aviation filed a countersuit accusing Joby of concealing ties to China and misclassifying imports; allegations raise potential regulatory, procurement, and reputational risks that could complicate certification, government contracting, or supplier scrutiny — watch legal developments and any SEC or government inquiries. Air-taxi maker Archer accuses rival Joby of illegal China ties

Hedge Funds Weigh In On Joby Aviation

Several hedge funds have recently bought and sold shares of JOBY. Asset Planning Inc boosted its stake in shares of Joby Aviation by 70.0% during the third quarter. Asset Planning Inc now owns 1,700 shares of the company's stock valued at $27,000 after acquiring an additional 700 shares during the last quarter. Strategic Advocates LLC purchased a new stake in Joby Aviation during the 3rd quarter worth about $29,000. Canton Hathaway LLC acquired a new position in Joby Aviation in the 3rd quarter valued at about $29,000. Fifth Third Bancorp raised its stake in 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 last quarter. Finally, Hilltop National Bank purchased a new position in Joby Aviation in the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.