Joeben Bevirt Sells 1,590 Shares of Joby Aviation (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 1,590 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $10.55, for a total value of $16,774.50. Following the completion of the transaction, the chief executive officer owned 294,336 shares of the company’s stock, valued at approximately $3,105,244.80. The trade was a 0.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Joeben Bevirt also recently made the following trade(s):

• On Monday, February 9th, Joeben Bevirt sold 507,182 shares of Joby Aviation stock. The stock was sold at an average price of $10.62, for a total value of $5,386,272.84.
• On Tuesday, January 13th, Joeben Bevirt sold 1,630 shares of Joby Aviation stock. The stock was sold at an average price of $14.83, for a total value of $24,172.90.
• On Friday, January 2nd, Joeben Bevirt sold 23,552 shares of Joby Aviation stock. The shares were sold at an average price of $13.51, for a total value of $318,187.52.

Joby Aviation Stock Down 1.4%

Shares of JOBY stock traded down $0.14 during mid-day trading on Wednesday, reaching $10.09. 21,762,993 shares of the company’s stock traded hands, compared to its average volume of 32,230,625. The company’s 50-day moving average price is $13.84 and its 200-day moving average price is $15.02. The company has a market cap of $9.20 billion, a P/E ratio of -7.53 and a beta of 2.57. Joby Aviation, Inc. has a 12 month low of $4.96 and a 12 month high of $20.95.

Key Stories Impacting Joby Aviation

Here are the key news stories impacting Joby Aviation this week:

• Neutral Sentiment: Company announcement — Joby will release Q4 & full-year 2025 results after the market on Feb. 25 and host a 5:00pm ET webcast; this gives investors a scheduled catalyst and fresh financials to reassess the business. Joby Aviation to Report Fourth Quarter and Full Year 2025 Financial Results
• Negative Sentiment: Large insider selling — multiple executives sold shares this week, including CEO Joeben Bevirt’s sale of 507,182 shares at an average ~$10.62 (~$5.39M). Several other execs (CFO, VP-level insiders and others) also sold smaller parcels, and some insiders reduced holdings by meaningful percentages (e.g., Kate Dehoff reduced ~9.8%). Heavy insider selling can signal liquidity-taking or shift in insider conviction and likely weighs on near-term sentiment. CEO Form 4 (Bevirt) — SEC Filing
• Negative Sentiment: Rising short interest — short interest jumped ~33.6% in January to ~75.34M shares, now ~12.2% of float. Higher shorting increases downward pressure and raises the risk of volatility around news or the upcoming earnings release (days-to-cover ~2.1). This elevated bearish positioning likely contributes to the stock’s decline today.

Institutional Investors Weigh In On Joby Aviation

Several institutional investors and hedge funds have recently made changes to their positions in the company. Toyota Motor Corp lifted its position in Joby Aviation by 63.1% in the 2nd quarter. Toyota Motor Corp now owns 128,454,401 shares of the company’s stock valued at $1,355,194,000 after acquiring an additional 49,701,790 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Joby Aviation by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 52,488,707 shares of the company’s stock worth $692,851,000 after purchasing an additional 2,540,382 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Joby Aviation by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 11,790,532 shares of the company’s stock worth $155,671,000 after purchasing an additional 390,794 shares during the last quarter. State Street Corp lifted its holdings in shares of Joby Aviation by 3.0% during the second quarter. State Street Corp now owns 10,392,018 shares of the company’s stock valued at $109,636,000 after purchasing an additional 305,109 shares in the last quarter. Finally, Rheos Capital Works Inc. boosted its position in shares of Joby Aviation by 58.2% during the second quarter. Rheos Capital Works Inc. now owns 7,205,000 shares of the company’s stock valued at $76,013,000 after buying an additional 2,650,000 shares during the last quarter. Institutional investors own 52.85% of the company’s stock.

Wall Street Analyst Weigh In

JOBY has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their target price on shares of Joby Aviation from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Friday, October 31st. The Goldman Sachs Group assumed coverage on Joby Aviation in a research report on Monday, December 1st. They issued a “sell” rating and a $10.00 price target on the stock. HC Wainwright reaffirmed a “neutral” rating on shares of Joby Aviation in a research report on Monday, November 24th. Zacks Research upgraded Joby Aviation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Joby Aviation in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $13.21.

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.