Joby Aviation, Inc. (NYSE:JOBY – Get Free Report) CFO Rodrigo Brumana sold 37,831 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $6.77, for a total transaction of $256,115.87. Following the completion of the transaction, the chief financial officer directly owned 119,729 shares in the company, valued at approximately $810,565.33. The trade was a 24.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 Thursday, July 2nd, Rodrigo Brumana sold 2,601 shares of Joby Aviation stock. The stock was sold at an average price of $8.92, for a total value of $23,200.92.
Joby Aviation Price Performance
Shares of NYSE JOBY opened at $6.75 on Friday. The stock’s 50-day simple moving average is $7.69 and its two-hundred day simple moving average is $8.98. Joby Aviation, Inc. has a twelve month low of $6.61 and a twelve month high of $19.98. The firm has a market capitalization of $6.68 billion, a P/E ratio of -6.82 and a beta of 2.68. The company has a quick ratio of 17.98, a current ratio of 17.98 and a debt-to-equity ratio of 0.40.
Analyst Upgrades and Downgrades
JOBY has been the topic of several research reports. Susquehanna set a $18.00 price objective on shares of Joby Aviation in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of Joby Aviation from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Barclays raised Joby Aviation to a “hold” rating in a research note on Wednesday, July 29th. Wall Street Zen lowered Joby Aviation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Finally, HC Wainwright reiterated a “buy” rating on shares of Joby Aviation in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $13.81.
Get Our Latest Analysis on JOBY
Key Stories Impacting Joby Aviation
Here are the key news stories impacting Joby Aviation this week:
- Positive Sentiment: Joby agreed to acquire defense technology company Resonant Sciences for approximately $500 million, mostly in cash. The transaction could roughly double Joby’s revenue on a comparable trailing-12-month basis and diversify the company beyond its eVTOL aircraft business. Joby Aviation Is Spending $450 Million in Cash to Roughly Double Its Revenue
- Neutral Sentiment: Joby’s latest quarter showed revenue of $38.64 million, well above the $30.20 million consensus estimate, and revenue growth was substantial year over year. However, the company reported a $0.25 per-share loss versus expectations for a $0.23 loss, while analysts still forecast a roughly $1 per-share loss for the full year. Joby Aviation, Inc. Down 16.5% Since Last Earnings Report
- Negative Sentiment: The Resonant Sciences deal is primarily cash-funded, raising investor concerns about capital consumption as Joby continues to operate at a significant loss. The stock is trading below its 50-day and 200-day moving averages and near its 12-month low, reflecting weak momentum.
- Negative Sentiment: Analyst sentiment remains cautious. Needham lowered its price target to $15 despite maintaining a Buy rating, while the broader analyst consensus is “Reduce,” with three Sell, four Hold and two Buy ratings. Joby Aviation Analyst Ratings
- Neutral Sentiment: CFO Rodrigo Brumana sold 46,729 shares over September 2–3, while Director Paul Sciarra sold 62,500 shares. Both transactions were made under pre-arranged Rule 10b5-1 plans; Brumana’s sales were specifically intended to cover tax withholding on vested equity awards, reducing their bearish significance. Joby Aviation Insider Trading
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Lingotto Investment Management LLP raised its position in Joby Aviation by 34.2% in the 4th quarter. Lingotto Investment Management LLP now owns 3,138,240 shares of the company’s stock worth $41,425,000 after purchasing an additional 799,260 shares during the period. Russell Investments Group Ltd. boosted its position in Joby Aviation by 30.6% during the second quarter. Russell Investments Group Ltd. now owns 352,874 shares of the company’s stock valued at $3,148,000 after buying an additional 82,737 shares during the period. DNB Asset Management AS grew its stake in shares of Joby Aviation by 16.3% during the fourth quarter. DNB Asset Management AS now owns 366,281 shares of the company’s stock valued at $4,835,000 after buying an additional 51,344 shares during the last quarter. Norges Bank bought a new position in shares of Joby Aviation during the fourth quarter valued at about $32,269,000. Finally, SummitTX Capital L.P. purchased a new position in shares of Joby Aviation in the first quarter worth about $1,127,000. 52.85% of the stock is owned by hedge funds and other institutional investors.
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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