Joby Aviation Inc. (JOBY, Financial) director, sold 333,332 shares of the company's stock on his weighted average price per share of $8.63, which amounted to around $2.88 million. Sciarra sold shares in a transaction that occurred on Dec. 9, 2024, under Sciarra's pre-established 10b5-1 trading plan, selling shares for between $8.38 and $9.12. The sale does not appear to have dissuaded Sciarra, who, like Winters, still holds more than 58.5 million shares through the Sciarra Management Trust.
Other work taking place is Joby Aviation's urban air mobility business. Under its AFWERX Agility Prime contract, the company successfully completed a maintenance training program with the U.S. Air Force and has received FAA Part 141 certification to operate a pilot training academy. As an added bit of good news, the company also revealed that CFO Matthew Field is resigning, with his CEO Joe Ben Bevirt and controller Sergei Novikov filling in as interim replacements. Analysts from both Canaccord Genuity and Needham have maintained their 'Buy' ratings, even as they have changed leadership, because of faith in Joby's strengths.
In Q3 2024, the company also posted a positive set of financial results, indicating it is still on the path to growing in the eVTOL sector.
