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

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

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

Analysts Set New Price Targets

Several research analysts have commented on JOBY shares. Needham & Company LLC restated a “buy” rating and issued a $22.00 price objective on shares of Joby Aviation in a report on Thursday, November 6th. Zacks Research raised shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. The Goldman Sachs Group initiated coverage on shares of Joby Aviation in a report on Monday, December 1st. They issued a “sell” rating and a $10.00 price objective for the company. JPMorgan Chase & Co. upped their target price on Joby Aviation from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Friday, October 31st. Finally, Canaccord Genuity Group reissued a “hold” rating and issued a $15.50 target price on shares of Joby Aviation in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $13.21.

Key Stories Impacting Joby Aviation

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 stock’s 50 day moving average is $13.75 and its 200-day moving average is $14.98. The company has a market cap of $9.00 billion, a P/E ratio of -7.37 and a beta of 2.57.

Institutional Investors Weigh In On Joby Aviation

Several institutional investors and hedge funds have recently added to or reduced their stakes in JOBY. CWM LLC grew its position in Joby Aviation by 8.1% in the 2nd quarter. CWM LLC now owns 9,156 shares of the company’s stock worth $97,000 after purchasing an additional 689 shares during the period. GPS Wealth Strategies Group LLC grew its holdings in shares of Joby Aviation by 22.5% in the third quarter. GPS Wealth Strategies Group LLC now owns 3,794 shares of the company’s stock worth $61,000 after acquiring an additional 697 shares during the period. Asset Planning Inc lifted its holdings in Joby Aviation by 70.0% in 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 period. GoalVest Advisory LLC boosted its position in Joby Aviation by 2.1% in the fourth quarter. GoalVest Advisory LLC now owns 33,500 shares of the company’s stock worth $442,000 after purchasing an additional 700 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in shares of Joby Aviation by 4.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 16,705 shares of the company’s stock valued at $270,000 after purchasing an additional 736 shares during the period. 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.