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Director Paul Cahill Sciarra of Joby Aviation (NYSE:JOBY), currently valued at $7.43 billion and trading at $8.53, sold 333,334 shares of common stock on June 23, 2025, according to a recent SEC Form 4 filing. The stock has shown remarkable strength, delivering an 82.4% return over the past year. The shares were sold at a weighted average price of $8.40, with individual sales prices ranging from $8.13 to $8.57, resulting in a total transaction value of approximately $2.8 million.
The sale was executed under a pre-arranged 10b5-1 trading plan adopted by Sciarra on June 27, 2024. Following the transaction, Sciarra continues to indirectly own 57,828,060 shares through the Sciarra Management Trust and directly owns 138,537 shares. Sciarra also indirectly owns 50,000 shares through the Sciarra Foundation.
In other recent news, Joby Aviation reported a significant financial position with $813 million in cash and short-term investments as of the first quarter of 2025, totaling $1.3 billion in liquidity, including Toyota (NYSE:TM)’s investment. However, Cantor Fitzgerald maintained a Neutral rating due to concerns over the company’s high cash burn rate, projected between $500 million and $540 million for fiscal year 2025. Meanwhile, H.C. Wainwright raised its price target for Joby Aviation to $13, maintaining a Buy rating, citing the potential for increased revenue from defense-related applications following recent governmental focus on advanced aerial technologies. Joby Aviation’s engagement with the military, including a $131 million contract with the U.S. Air Force, supports this positive outlook. Additionally, Joby Aviation has entered a Memorandum of Agreement with Abdul Latif Jameel for a potential sale of up to 200 aircraft, valued at approximately $1 billion, to explore opportunities in the Middle East. In terms of executive compensation, the company announced an increase in the annual base salary for Chief Product Officer Eric Allison from $445,578 to $551,688. Lastly, an executive order signed by President Trump aims to expedite the development and commercialization of drones and eVTOLs in the United States, which could impact Joby Aviation positively.
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