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Paul Sciarra, a director at Joby Aviation , Inc. (NYSE:JOBY), a $6.1 billion market cap company currently trading at $8.05, recently sold 333,334 shares of the company’s common stock, according to a regulatory filing. The transaction, executed on February 3, 2025, was part of Sciarra’s pre-established trading plan under Rule 10b5-1, adopted in June 2024. The shares were sold at a weighted average price of $8.02, resulting in a total sale value of approximately $2.67 million. According to InvestingPro data, the stock has shown significant volatility, with a 58% gain over the past six months despite recent weakness. Following this transaction, Sciarra holds 58,661,395 shares indirectly through the Sciarra Management Trust and 106,327 shares directly. Additionally, 50,000 shares are held indirectly by the Sciarra Foundation. The stock currently appears slightly overvalued based on InvestingPro’s Fair Value analysis, with 12 additional ProTips available to subscribers covering crucial metrics like financial health scores and growth prospects.
In other recent news, Joby Aviation has been making significant strides in its operations and corporate governance. The aircraft manufacturer recently amended its bylaws and changed voting rights to ensure compliance with Federal Aviation Administration (FAA) requirements and enhance transparency in stockholder engagements. Analysts from Needham & Company, Canaccord Genuity, and H.C. Wainwright have all expressed confidence in Joby Aviation’s future, citing its strong financial position, anticipated international launch, and regulatory progress. Needham & Company raised its price target from $8.00 to $10.00, while Canaccord Genuity increased theirs to $11.50. Meanwhile, H.C. Wainwright maintained its $9.00 price target. Joby Aviation also successfully concluded a maintenance training program with members of the U.S. Air Force as part of its contract with AFWERX Agility Prime. These recent developments reflect Joby Aviation’s commitment to aligning its operations with regulatory compliance, modern best practices, and the growing interest in sustainable and innovative transportation solutions.
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