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Following this transaction, Bevirt holds 768,293 shares directly. Additionally, he has significant indirect holdings through various trusts and family arrangements, including the Joby Trust and the JoeBen Bevirt 2020 Descendants Trust, among others. These trusts collectively hold millions of shares, reflecting Bevirt's substantial ongoing investment in Joby Aviation (NYSE:JOBY). InvestingPro subscribers have access to 15+ additional exclusive insights about JOBY, including detailed analysis of the company's financial health, valuation metrics, and growth prospects through comprehensive Pro Research Reports. InvestingPro subscribers have access to 15+ additional exclusive insights about JOBY, including detailed analysis of the company's financial health, valuation metrics, and growth prospects through comprehensive Pro Research Reports.
Following this transaction, Bevirt holds 768,293 shares directly. Additionally, he has significant indirect holdings through various trusts and family arrangements, including the Joby Trust and the JoeBen Bevirt 2020 Descendants Trust, among others. These trusts collectively hold millions of shares, reflecting Bevirt’s substantial ongoing investment in Joby Aviation.
In other recent news, Joby Aviation has made significant strides, with a focus on its financial health and regulatory advancements. The company's CFO, Matthew Field, has resigned for personal reasons, with CEO JoeBen Bevirt and company controller Sergei Novikov stepping in as interim replacements. Despite this change, Canaccord Genuity and Needham have maintained their Buy ratings for Joby Aviation, indicating continued confidence in the company's trajectory.
Joby Aviation has also achieved critical milestones with the FAA issuing a Part 141 Certification for its pilot training academy and accepting its Part 5 Safety Management System for flight operations. This development positions Joby to train a range of pilots, bolstering its future eVTOL operations.
In addition, Joby Aviation has successfully completed a maintenance training program with the U.S. Air Force, enhancing technical knowledge on the operations of Joby's electric aircraft. The company's strong current ratio of 16.12 also points to robust short-term financial health. These are recent developments, demonstrating Joby Aviation's continued progress in the emerging eVTOL market.
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