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

Joby Aviation, Inc. (NYSE:JOBY) shares traded down 1.4% on Wednesday following insider selling activity. The company traded as low as $9.67 and last traded at $10.0860. 21,720,705 shares changed hands during 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 the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 31,997,802 shares in the company, valued at approximately $339,816,657.24. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 owned 149,369 shares in the company, valued at $1,480,246.79. The trade was a 9.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JOBY. JPMorgan Chase & Co. raised their price target on shares of Joby Aviation from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Friday, October 31st. HC Wainwright reiterated a “neutral” rating on shares of Joby Aviation in a research report on Monday, November 24th. The Goldman Sachs Group began coverage on Joby Aviation in a research note on Monday, December 1st. They set a “sell” rating and a $10.00 target price for the company. Zacks Research raised Joby Aviation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $22.00 price target on shares of Joby Aviation in a report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $13.21.

Trending Headlines about 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 Price Performance

The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of -7.37 and a beta of 2.57. The stock has a 50 day moving average price of $13.63 and a two-hundred day moving average price of $14.95.

Hedge Funds Weigh In On Joby Aviation

Several institutional investors have recently bought and sold shares of the company. Asset Planning Inc lifted its position in shares of Joby Aviation by 70.0% during the third quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after purchasing an additional 700 shares in the last quarter. Strategic Advocates LLC purchased a new stake in Joby Aviation during the 3rd quarter worth approximately $29,000. Canton Hathaway LLC acquired a new stake in Joby Aviation during the 3rd quarter worth approximately $29,000. Fifth Third Bancorp boosted its position in Joby Aviation by 207.4% in the 4th quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock valued at $26,000 after buying an additional 1,348 shares during the period. Finally, Hilltop National Bank purchased a new position in Joby Aviation in the 3rd quarter valued at approximately $32,000. 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.