Joby Aviation (NYSE:JOBY) Shares Down 2.3% After Insider Selling

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

Specifically, CEO Joeben Bevirt sold 507,182 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $10.62, for a total transaction 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. The trade was a 1.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kate Dehoff sold 16,235 shares of the business’s 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. The trade was a 9.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Analyst Upgrades and Downgrades

JOBY has been the topic of several recent research reports. 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 target price on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research report on Thursday, January 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Joby Aviation from $7.00 to $8.00 and gave the company an “underweight” rating in a research report on Friday, October 31st. Zacks Research upgraded Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $22.00 target price on shares of Joby Aviation in a research report on Thursday, November 6th. 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $13.21.

Key Headlines Impacting Joby Aviation

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

• Positive Sentiment: Joby is leading a five‑nation effort to define a global certification path for advanced air mobility (AAM), which could speed regulatory approval and commercial rollout for eVTOL operations — a material long‑term positive if it reduces certification risk and accelerates market entry. Read More.
• Positive Sentiment: Market commentary is bullish in some corners — a Fool feature makes a bullish case that Joby is positioned to “soar,” highlighting potential upside if operational milestones and commercial progress continue to meet expectations. This type of bullish coverage can support speculative demand ahead of key catalysts. Read More.
• Neutral Sentiment: Upcoming catalyst: Joby will report Q4 and full‑year 2025 results after the close on Feb. 25 and host a webcast — this near‑term event can swing the stock either direction depending on revenue, cash burn, guidance and program updates. Investors are likely positioning ahead of the print. Read More.
• Negative Sentiment: Significant insider selling this week — including a CEO sale of ~507,182 shares (~$5.4M) and multiple other officers selling smaller blocks — is amplifying supply concerns and may signal reduced near‑term insider alignment, pressuring sentiment. SEC filings disclose the sales. Read More.
• Negative Sentiment: Broad pattern of insider disposals: several executives (Kate Dehoff, Didier Papadopoulos, Bonny Simi, others) have reported multiple sales in February — the scale and breadth of those sales increases near‑term selling pressure and raises questions for some investors about timing/intent. Read More.
• Negative Sentiment: Market positioning and sentiment remain mixed: short interest rose materially in January and analyst coverage is split (some buys but several holds/sells), leaving the stock vulnerable to downside if results or guidance disappoint. Read More.

Joby Aviation Stock Performance

The business has a fifty day simple moving average of $13.63 and a 200 day simple moving average of $14.95. The stock has a market capitalization of $9.00 billion, a price-to-earnings ratio of -7.37 and a beta of 2.57.

Institutional Trading of Joby Aviation

Several large investors have recently modified their holdings of JOBY. Sowell Financial Services LLC bought a new position in Joby Aviation in the third quarter valued at about $663,000. Pier 88 Investment Partners LLC acquired a new position in shares of Joby Aviation in the third quarter valued at approximately $635,000. Voya Investment Management LLC increased its stake in shares of Joby Aviation by 20.0% in the third quarter. Voya Investment Management LLC now owns 1,150,050 shares of the company’s stock valued at $18,562,000 after buying an additional 192,064 shares during the period. Valeo Financial Advisors LLC acquired a new stake in Joby Aviation during the 2nd quarter worth approximately $461,000. Finally, Udine Wealth Management Inc. acquired a new stake in Joby Aviation during the 3rd quarter worth approximately $1,414,000. 52.85% of the stock is owned by institutional investors and hedge funds.

Joby Aviation Company Profile

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.