Joby Aviation (NYSE:JOBY) Stock Price Down 1.4% on Insider Selling

Joby Aviation, Inc. (NYSE:JOBY) traded down 1.4% during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as $9.67 and last traded at $10.0860. 21,720,705 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 32,228,393 shares. The stock had previously closed at $10.23.

Specifically, CEO Joeben Bevirt sold 507,182 shares of Joby Aviation stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $10.62, for a total transaction of $5,386,272.84. Following the completion of the sale, the chief executive officer 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kate Dehoff sold 16,235 shares of Joby Aviation stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $9.91, for a total transaction of $160,888.85. Following the completion of the transaction, the insider directly owned 149,369 shares of the company’s stock, valued at $1,480,246.79. This trade represents a 9.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Joby Aviation in a report on Monday, December 1st. They set a “sell” rating and a $10.00 price objective on the stock. HC Wainwright restated a “neutral” rating on shares of Joby Aviation in a report on Monday, November 24th. Needham & Company LLC restated a “buy” rating and issued a $22.00 price objective on shares of Joby Aviation in a research note on Thursday, November 6th. Canaccord Genuity Group restated a “hold” rating and set a $15.50 target price on shares of Joby Aviation in a research report on Tuesday, February 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Joby Aviation has a consensus rating of “Reduce” and an average price target of $13.21.

Key Headlines Impacting Joby Aviation

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

• Neutral Sentiment: Company set to report Q4 and full‑year 2025 results after the close on Feb. 25 and will host a 5:00 pm ET webcast — a scheduled catalyst that could move the stock either direction depending on results and forward commentary. Earnings release
• Negative Sentiment: CEO Joeben Bevirt executed a large sale of 507,182 shares (~$5.39M at $10.62) on Feb. 9; such a sizable insider disposition from the founder/CEO can be interpreted negatively by investors as near-term selling pressure and reduced insider alignment. Bevirt SEC filing
• Negative Sentiment: Other insider sales this week include Kate Dehoff (16,235 shares, ~9.8% of her holding), CEO and other executives selling additional smaller lots (multiple Form 4s disclosed). The volume and breadth of insider selling increases perceived liquidity supply and can pressure the stock. Dehoff SEC filing
• Negative Sentiment: CFO Rodrigo Brumana sold 510 shares (a reported ~26.6% reduction in his small remaining holding), and several other executives/insiders reported modest sales — the pattern raises investor concern about insider conviction even if dollar amounts are individually modest. Brumana SEC filing
• Negative Sentiment: Short interest jumped ~33.6% in January to ~75.3M shares, now ~12.2% of float. Rising short activity signals increased bearish positioning and can add selling pressure; it also raises the potential for volatility around catalysts (earnings/webcast). (Short-interest data reported through Jan. 30.)

Joby Aviation Price Performance

The firm has a market cap of $9.20 billion, a price-to-earnings ratio of -7.53 and a beta of 2.57. The firm has a fifty day simple moving average of $13.75 and a two-hundred day simple moving average of $14.98.

Hedge Funds Weigh In On Joby Aviation

A number of large investors have recently bought and sold shares of JOBY. Toyota Motor Corp raised 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 buying an additional 49,701,790 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Joby Aviation by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 52,488,707 shares of the company’s stock worth $692,851,000 after acquiring an additional 2,540,382 shares during the last quarter. Geode Capital Management LLC grew its holdings in 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 period. State Street Corp increased its position 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 worth $109,636,000 after acquiring an additional 305,109 shares in the last quarter. Finally, Rheos Capital Works Inc. grew its holdings in shares of Joby Aviation by 58.2% in the second quarter. Rheos Capital Works Inc. now owns 7,205,000 shares of the company’s stock valued at $76,013,000 after acquiring an additional 2,650,000 shares in the last quarter. 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.