Joby Aviation (NYSE:JOBY) Trading Down 2.3% After Insider Selling

Joby Aviation, Inc. (NYSE:JOBY) shares were down 2.3% during mid-day trading on Thursday following insider selling activity. The company traded as low as $9.61 and last traded at $9.87. Approximately 17,772,365 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 31,733,441 shares. The stock had previously closed at $10.10.

Specifically, CEO Joeben Bevirt sold 507,182 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $10.62, for a total value of $5,386,272.84. Following the completion of the transaction, the chief executive officer directly owned 31,997,802 shares of the company’s stock, valued at $339,816,657.24. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kate Dehoff sold 16,235 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $9.91, for a total value of $160,888.85. Following the sale, the insider owned 149,369 shares in the company, valued at approximately $1,480,246.79. The trade was a 9.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on JOBY. JPMorgan Chase & Co. raised their price objective on shares of Joby Aviation from $7.00 to $8.00 and gave the company an “underweight” rating in a research report on Friday, October 31st. The Goldman Sachs Group started coverage on shares of Joby Aviation in a report on Monday, December 1st. They issued a “sell” rating and a $10.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 price objective on shares of Joby Aviation in a research report on Thursday, November 6th. Canaccord Genuity Group reissued a “hold” rating and set a $15.50 price objective on shares of Joby Aviation in a report on Tuesday, February 3rd. Finally, HC Wainwright reaffirmed a “neutral” rating on shares of Joby Aviation in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $13.21.

Key Joby Aviation News

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

• Positive Sentiment: Joby is leading a five‑nation effort to create a harmonized global certification path for Advanced Air Mobility — participation and leadership in rulemaking can lower regulatory risk and speed commercial launch timelines if it produces clearer, aligned standards. Joby Leads Five Nation Push
• Positive Sentiment: Bullish analyst/commentary: recent opinion pieces argue Joby has near‑term operational and regulatory catalysts that could re‑rate the stock if milestones are met — this keeps a constructive narrative among growth investors. Bold Prediction: Joby Is About to Soar
• Positive Sentiment: Institutional support: some hedge funds and ARK increased positions in Q4 and Needham maintains a Buy rating — continued institutional conviction can provide a bid under the shares if catalysts play out. MarketBeat: JOBY coverage
• Neutral Sentiment: Near‑term catalyst: Joby will report Q4 and full‑year 2025 results on Feb. 25 with a 5:00 pm ET webcast — results and commentary on certification, production plans or cash runway could move the stock materially in either direction. Earnings release
• Neutral Sentiment: Debate over valuation and timing: feature pieces questioning whether Joby is “yesterday’s news” highlight that upside depends on execution — keeps investor expectations mixed until concrete operational progress is demonstrated. Is Joby Yesterday’s News?
• Negative Sentiment: Large and broad insider selling this week (including a >500k‑share sale by CEO Joeben Bevirt and multiple other officers) increases share supply and raises questions about insider conviction; such sales can pressure the stock ahead of earnings. Bevirt SEC filing
• Negative Sentiment: Short interest jumped ~33.6% in January to ~75.3M shares (~12.2% of float), signaling heavier bearish positioning that can amplify downward pressure and volatility, especially around the Feb. 25 results (days‑to‑cover ≈2.1).

Joby Aviation Trading Down 2.3%

The company has a market cap of $9.00 billion, a P/E ratio of -7.37 and a beta of 2.57. The company’s fifty day moving average is $13.75 and its 200 day moving average is $14.98.

Institutional Investors Weigh In On Joby Aviation

Institutional investors have recently bought and sold shares of the stock. Toyota Motor Corp lifted its position in Joby Aviation by 63.1% in the second quarter. Toyota Motor Corp now owns 128,454,401 shares of the company’s stock valued at $1,355,194,000 after purchasing an additional 49,701,790 shares during the last quarter. Vanguard Group Inc. raised its holdings in Joby Aviation by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 49,948,325 shares of the company’s stock valued at $806,166,000 after buying an additional 5,828,189 shares during the last quarter. Rheos Capital Works Inc. boosted its position in Joby Aviation by 58.2% during the 2nd quarter. Rheos Capital Works Inc. now owns 7,205,000 shares of the company’s stock valued at $76,013,000 after buying an additional 2,650,000 shares during the period. Man Group plc bought a new stake in Joby Aviation in the 3rd quarter worth $40,283,000. Finally, Norges Bank purchased a new stake in shares of Joby Aviation during the fourth quarter worth about $32,269,000. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

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.