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Paul Sciarra, a director at Joby Aviation , Inc. (NYSE:JOBY), has sold 166,667 shares of the company’s common stock. The transaction, executed on March 24, 2025, was conducted at a weighted average price of $6.78 per share, amounting to a total value of approximately $1.13 million. The sale comes as JOBY, currently valued at $5.25 billion, trades near $6.57, showing significant volatility with a 52-week range of $4.50-$10.72. According to InvestingPro analysis, the stock appears slightly overvalued at current levels. Following this sale, Sciarra holds 58,494,728 shares indirectly through the Sciarra Management Trust, and additional shares directly and through the Sciarra Foundation. The sale was made under a pre-established 10b5-1 trading plan adopted on June 27, 2024. While the stock has shown notable price swings, rising 30% over six months despite recent pullbacks, InvestingPro subscribers can access 12 additional key insights about JOBY’s financial health and market position.
In other recent news, Joby Aviation reported a net loss of $246 million for the fourth quarter of 2024, with an earnings per share (EPS) of -0.34, missing the forecasted EPS of -0.19. Despite this earnings miss, the company highlighted significant advancements in product development and strategic partnerships during its earnings call. Joby Aviation plans to begin FAA TIA flight testing within the next 12 months, which is a crucial step in the certification process. In a notable development, Joby Aviation delivered its second aircraft to the Department of Defense’s Edwards Air Force Base, marking the fifth aircraft in its operational fleet. The company also aims to deliver an aircraft to Dubai by mid-2025 as part of its expansion efforts. Analysts at Cantor Fitzgerald have maintained an Overweight rating on Joby Aviation, indicating a positive outlook on the company’s long-term prospects. Strategic partnerships with companies like Delta Air Lines (NYSE:DAL), Toyota (NYSE:TM), and Uber (NYSE:UBER) are expected to play a key role in Joby Aviation’s path toward commercialization.
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