Rodrigo Brumana Sells 8,898 Shares of Joby Aviation (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) CFO Rodrigo Brumana sold 8,898 shares of Joby Aviation stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $6.89, for a total transaction of $61,307.22. Following the transaction, the chief financial officer directly owned 110,831 shares in the company, valued at $763,625.59. This trade represents a 7.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Wednesday, September 2nd, Rodrigo Brumana sold 37,831 shares of Joby Aviation stock. The shares were sold at an average price of $6.77, for a total transaction of $256,115.87.
• On Thursday, July 2nd, Rodrigo Brumana sold 2,601 shares of Joby Aviation stock. The shares were sold at an average price of $8.92, for a total transaction of $23,200.92.

Joby Aviation Stock Down 1.7%

Shares of NYSE JOBY opened at $6.75 on Friday. The company 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 debt-to-equity ratio of 0.40, a current ratio of 17.98 and a quick ratio of 17.98. The company has a 50 day simple moving average of $7.69 and a 200-day simple moving average of $8.98. Joby Aviation, Inc. has a 1 year low of $6.61 and a 1 year high of $19.98.

Joby Aviation (NYSE:JOBY) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.02). The business had revenue of $38.64 million during the quarter, compared to analyst estimates of $30.20 million. Joby Aviation had a negative net margin of 755.11% and a negative return on equity of 55.29%. The company’s revenue was up 257493.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.41) earnings per share. On average, equities research analysts predict that Joby Aviation, Inc. will post -1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Susquehanna set a $18.00 price target on Joby Aviation in a report on Thursday, August 6th. Wall Street Zen lowered shares of Joby Aviation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Joby Aviation from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Barclays upgraded shares of Joby Aviation to a “hold” rating in a research report on Wednesday, July 29th. Finally, HC Wainwright reissued a “buy” rating on shares of Joby Aviation in a research note on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $13.81.

Key Joby Aviation News

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 Investors Weigh In On Joby Aviation

Several institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Joby Aviation by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 11,790,532 shares of the company’s stock valued at $155,671,000 after acquiring an additional 390,794 shares during the period. State Street Corp boosted its stake in shares of Joby Aviation by 5.0% in the fourth quarter. State Street Corp now owns 10,812,929 shares of the company’s stock valued at $142,731,000 after purchasing an additional 512,129 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Joby Aviation by 6.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,370,983 shares of the company’s stock valued at $57,697,000 after purchasing an additional 271,475 shares during the period. Bank of America Corp DE grew its holdings in shares of Joby Aviation by 41.2% in the third quarter. Bank of America Corp DE now owns 4,192,109 shares of the company’s stock valued at $67,661,000 after purchasing an additional 1,223,412 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Joby Aviation by 194.5% in the 1st quarter. Renaissance Technologies LLC now owns 4,005,200 shares of the company’s stock valued at $33,083,000 after buying an additional 2,645,200 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.