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Bonny Simi, President of Operations at Joby Aviation , Inc. (NYSE:JOBY), a $5.6 billion market cap company currently trading at $7.33, recently executed a series of transactions involving the company’s stock. According to a recent SEC filing, Simi sold 1,289 shares of Joby Aviation common stock on February 11, 2025. The shares were sold at a weighted average price of $7.50, resulting in a total transaction value of approximately $9,667. InvestingPro data shows the stock has experienced significant volatility, with a 46% gain over the past six months despite recent pullbacks.
The sale was part of a planned transaction to cover taxes due upon the release and settlement of restricted stock units (RSUs). These RSUs had been awarded earlier and were scheduled to vest based on specific performance goals set by Joby Aviation. With the company’s earnings report due on February 19, investors can access comprehensive analysis and 15 additional key insights through InvestingPro’s detailed research reports.
Following these transactions, Simi now holds 139,257 shares of Joby Aviation common stock. The transactions were part of a broader set of activities that included the acquisition of 3,449 shares through the vesting of RSUs on February 10, 2025, at no cost. The stock currently trades between its 52-week range of $4.50 to $10.72, with analyst price targets ranging from $3.00 to $11.50.
In other recent news, Joby Aviation, a prominent player in the aircraft manufacturing industry, has made significant amendments to its bylaws and altered voting rights. The company has also been recognized by Canaccord Genuity analysts as the best-capitalized eVTOL manufacturer, following a successful equity raise and a reinforced partnership with Toyota (NYSE:TM). In addition, Needham & Company has maintained a Buy rating on Joby Aviation’s stock, raising the price target from $8.00 to $10.00, reflecting an improved financial position and anticipated regulatory approval by the Federal Aviation Administration (FAA).
Furthermore, H.C. Wainwright has also maintained its Buy rating and $9.00 price target for Joby Aviation, backed by strong regulatory progress and industry leadership outlook. The company has recently completed a maintenance training program with members of the U.S. Air Force, marking another significant achievement in its operations.
These recent developments reflect Joby Aviation’s ongoing efforts to align its corporate governance with regulatory compliance, enhance its market presence, and strive for aircraft type certification with the FAA. The company’s progress in these areas has been positively received by various analyst firms such as Needham & Company, Canaccord Genuity, and H.C. Wainwright.
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