Insider Selling: Joby Aviation (NYSE:JOBY) CFO Sells 2,601 Shares of Company Stock

by · The Markets Daily

Joby Aviation, Inc. (NYSE:JOBY – Get Free Report) CFO Rodrigo Brumana sold 2,601 shares of the business’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $5.95, for a total transaction of $15,475.95. Following the completion of the transaction, the chief financial officer owned 113,275 shares in the company, valued at $673,986.25. This represents a 2.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Stock Down 2.6%

Shares of NYSE JOBY traded down $0.15 during midday trading on Monday, reaching $5.79. 21,327,477 shares of the company’s stock were exchanged, compared to its average volume of 31,249,814. The company has a debt-to-equity ratio of 0.40, a quick ratio of 17.98 and a current ratio of 17.98. Joby Aviation, Inc. has a 52-week low of $5.72 and a 52-week high of $19.98. The business’s fifty day moving average price is $7.01 and its two-hundred day moving average price is $8.46. The stock has a market capitalization of $5.73 billion, a PE ratio of -5.85 and a beta of 2.66.

Joby Aviation (NYSE:JOBY – Get Free Report) last issued its quarterly earnings results 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 analysts’ expectations of $30.20 million. During the same period in the prior year, the company posted ($0.41) EPS. The company’s revenue for the quarter was up 257493.3% on a year-over-year basis. Analysts forecast that Joby Aviation, Inc. will post -1 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Cantor Fitzgerald restated a “neutral” rating on shares of Joby Aviation in a research note on Monday, September 21st. Barclays raised Joby Aviation to a “hold” rating in a report on Wednesday, July 29th. Needham & Company LLC cut their price objective 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. Susquehanna set a $18.00 target price on Joby Aviation in a report on Thursday, August 6th. Finally, Weiss Ratings upgraded Joby Aviation from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Joby Aviation currently has a consensus rating of “Reduce” and an average price target of $13.81.

Read Our Latest Stock Analysis on JOBY

Hedge Funds Weigh In On Joby Aviation

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

Joby Aviation News Roundup

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

About Joby Aviation

(Get Free Report)

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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