Rodrigo Brumana Sells 37,831 Shares of Joby Aviation (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) CFO Rodrigo Brumana sold 37,831 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $6.77, for a total transaction of $256,115.87. Following the completion of the transaction, the chief financial officer owned 119,729 shares of the company’s stock, valued at approximately $810,565.33. This trade represents a 24.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 Thursday, September 3rd, Rodrigo Brumana sold 8,898 shares of Joby Aviation stock. The stock was sold at an average price of $6.89, for a total transaction of $61,307.22.
• On Thursday, July 2nd, Rodrigo Brumana sold 2,601 shares of Joby Aviation stock. The stock was sold at an average price of $8.92, for a total transaction of $23,200.92.

Joby Aviation Stock Performance

NYSE JOBY opened at $6.75 on Friday. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of -6.82 and a beta of 2.68. The company has a quick ratio of 17.98, a current ratio of 17.98 and a debt-to-equity ratio of 0.40. Joby Aviation, Inc. has a twelve month low of $6.61 and a twelve month high of $19.98. The stock has a fifty day simple moving average of $7.69 and a 200 day simple moving average of $8.98.

Joby Aviation (NYSE:JOBY) last announced its earnings results on Wednesday, August 5th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.02). Joby Aviation had a negative return on equity of 55.29% and a negative net margin of 755.11%.The company had revenue of $38.64 million for the quarter, compared to analyst estimates of $30.20 million. During the same period in the previous year, the firm posted ($0.41) earnings per share. The firm’s quarterly revenue was up 257493.3% compared to the same quarter last year. Sell-side analysts expect that Joby Aviation, Inc. will post -1 EPS for the current year.

Key Headlines Impacting Joby Aviation

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Susquehanna set a $18.00 target price on shares of Joby Aviation in a report on Thursday, August 6th. Needham & Company LLC lowered their price objective on shares of Joby Aviation from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Wall Street Zen lowered 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. Finally, Barclays upgraded shares of Joby Aviation to a “hold” rating in a research report on Wednesday, July 29th. Two equities research 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. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $13.81.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Fifth Third Bancorp raised its stake in Joby Aviation by 207.4% in the fourth quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock valued at $26,000 after purchasing an additional 1,348 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Joby Aviation in the 4th quarter worth approximately $28,000. Ancora Advisors LLC bought a new position in shares of Joby Aviation in the 3rd quarter worth $35,000. Pandora Wealth Inc. bought a new position in shares of Joby Aviation in the 4th quarter worth $32,000. Finally, DV Equities LLC bought a new position in shares of Joby Aviation in the 4th quarter worth $33,000. 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.