Joby Aviation (JOBY), a developer of electric vertical take-off and landing (eVTOL) aircraft, disclosed in a regulatory filing that company director Paul Sciarra sold 500,001 shares of common stock on August 25 in a transaction worth roughly $7.2 million. The sale was executed under a Rule 10b5-1 trading plan that Sciarra adopted in June 2024, indicating it was a pre-planned move rather than a reaction to recent market events.
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While insider selling can raise concern, the use of a structured plan suggests routine diversification rather than a loss of confidence.
A Closer Look at the Insider’s Transactions
According to the Form 4 filing submitted on August 25, Sciarra sold shares at a weighted average price of $14.35, with trade prices ranging between $14.22 and $14.81. Despite the sale, Sciarra remains one of Joby’s largest stakeholders, holding more than 56.8 million shares through the Sciarra Management Trust, in addition to direct and foundation-linked holdings.
This marks Sciarra’s second major sale this summer. In July 2025, he sold another 500,001 shares for approximately $6 million, also under a 10b5-1 plan.
It is important to keep an eye on the Informative trades of corporate insiders, given their knowledge of a company’s growth potential. Interestingly, TipRanks offers daily insider transactions as well as a list of top corporate insiders. It also provides a list of hot stocks that boast either a Very Positive or Positive insider confidence signal.
Stock Price Momentum
Joby Aviation stock has surged this year on growing excitement around its electric air taxi plans. The shares are up 76% in 2025 and have gained about 174% over the past 12 months. Milestones such as the first piloted eVTOL flight between two FAA-controlled airports and the planned acquisition of Blade Air Mobility’s passenger division have added to the rally.
That momentum cooled in August. Since reporting Q2 2025 results on August 6, Joby’s share price has fallen roughly 24%. The company posted a GAAP EPS loss of $0.41, missing estimates by $0.22, while revenue came in at just $20,000, well below the $1.57 million analysts had projected.
Is JOBY Stock a Good Buy?
Wall Street remains cautious on Joby Aviation. Over the past three months, the stock has received one Buy, five Hold, and one Sell rating, resulting in a Hold consensus. The average JOBY price target of $11.33 per share implies 20.77% downside risk.
