Have Insiders Sold Joby Aviation Shares Recently?

We wouldn't blame Joby Aviation, Inc. (NYSE:JOBY) shareholders if they were a little worried about the fact that JoeBen Bevirt, the Founder recently netted about US$677k selling shares at an average price of US$6.66. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 0.1%.

We've discovered 3 warning signs about Joby Aviation. View them for free.

Joby Aviation Insider Transactions Over The Last Year

In fact, the recent sale by JoeBen Bevirt was the biggest sale of Joby Aviation shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at slightly below the current price (US$7.39). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 0.1% of JoeBen Bevirt's stake.

The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Check out our latest analysis for Joby Aviation

If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.

Insider Ownership Of Joby Aviation

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Joby Aviation insiders own 20% of the company, currently worth about US$1.2b based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Joby Aviation Insider Transactions Indicate?

An insider hasn't bought Joby Aviation stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. It is good to see high insider ownership, but the insider selling leaves us cautious. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. When we did our research, we found 3 warning signs for Joby Aviation (1 can't be ignored!) that we believe deserve your full attention.

But note: Joby Aviation may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.