Joby Aviation (NYSE:JOBY) CFO Rodrigo Brumana Sells 1,159 Shares

Joby Aviation, Inc. (NYSE:JOBY) CFO Rodrigo Brumana sold 1,159 shares of Joby Aviation stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $10.25, for a total transaction of $11,879.75. Following the completion of the transaction, the chief financial officer directly owned 3,020 shares in the company, valued at $30,955. This represents a 27.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rodrigo Brumana also recently made the following trade(s):

• On Tuesday, February 10th, Rodrigo Brumana sold 510 shares of Joby Aviation stock. The shares were sold at an average price of $10.55, for a total transaction of $5,380.50.
• On Tuesday, January 13th, Rodrigo Brumana sold 523 shares of Joby Aviation stock. The stock was sold at an average price of $14.83, for a total transaction of $7,756.09.

Joby Aviation Stock Up 3.7%

Joby Aviation stock traded up $0.37 during mid-day trading on Wednesday, hitting $10.25. The company’s stock had a trading volume of 24,647,380 shares, compared to its average volume of 28,829,979. The stock has a market capitalization of $9.34 billion, a P/E ratio of -8.99 and a beta of 2.59. Joby Aviation, Inc. has a twelve month low of $4.96 and a twelve month high of $20.95. The stock’s fifty day moving average price is $12.01 and its two-hundred day moving average price is $14.02.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings data on Wednesday, February 25th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. The company had revenue of $30.84 million for the quarter, compared to analyst estimates of $16.88 million. Joby Aviation’s revenue was up 5506.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.34) EPS. Equities analysts expect that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Oppenheimer set a $18.00 price target on Joby Aviation in a research report on Thursday, February 26th. The Goldman Sachs Group began coverage on shares of Joby Aviation in a research note on Monday, December 1st. They set a “sell” rating and a $10.00 price objective for the company. 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 report on Thursday, February 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Joby Aviation in a research report on Thursday, January 22nd. Finally, Canaccord Genuity Group restated a “hold” rating and set a $15.50 price target on shares of Joby Aviation in a report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target 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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JOBY. Vanguard Group Inc. increased its holdings in shares of Joby Aviation by 13.2% in the 3rd quarter. Vanguard Group Inc. now owns 49,948,325 shares of the company’s stock valued at $806,166,000 after purchasing an additional 5,828,189 shares during the period. Man Group plc acquired a new stake in shares of Joby Aviation during the third quarter worth approximately $40,283,000. Norges Bank purchased a new position in Joby Aviation during the fourth quarter valued at approximately $32,269,000. Clear Street Group Inc. purchased a new position in Joby Aviation during the third quarter valued at approximately $36,264,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Joby Aviation by 80.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,384,180 shares of the company’s stock valued at $44,672,000 after buying an additional 1,512,094 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.