Joby Aviation (NYSE:JOBY) Insider Gregory Bowles Sells 4,464 Shares of Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Gregory Bowles sold 4,464 shares of Joby Aviation stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $9.88, for a total transaction of $44,104.32. Following the sale, the insider directly owned 174,285 shares in the company, valued at $1,721,935.80. The trade was a 2.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Gregory Bowles also recently made the following trade(s):

• On Tuesday, February 10th, Gregory Bowles sold 816 shares of Joby Aviation stock. The stock was sold at an average price of $10.55, for a total transaction of $8,608.80.
• On Wednesday, January 14th, Gregory Bowles sold 5,383 shares of Joby Aviation stock. The shares were sold at an average price of $14.72, for a total value of $79,237.76.
• On Tuesday, January 13th, Gregory Bowles sold 894 shares of Joby Aviation stock. The stock was sold at an average price of $14.83, for a total value of $13,258.02.
• On Friday, January 2nd, Gregory Bowles sold 4,194 shares of Joby Aviation stock. The shares were sold at an average price of $13.51, for a total value of $56,660.94.
• On Tuesday, November 25th, Gregory Bowles sold 3,931 shares of Joby Aviation stock. The shares were sold at an average price of $13.72, for a total value of $53,933.32.
• On Monday, November 24th, Gregory Bowles sold 4,604 shares of Joby Aviation stock. The stock was sold at an average price of $13.31, for a total value of $61,279.24.

Joby Aviation Trading Up 0.8%

JOBY opened at $9.98 on Wednesday. The company has a market cap of $9.10 billion, a price-to-earnings ratio of -7.45 and a beta of 2.57. The stock has a fifty day simple moving average of $13.30 and a two-hundred day simple moving average of $14.77. Joby Aviation, Inc. has a 12-month low of $4.96 and a 12-month high of $20.95.

Hedge Funds Weigh In On Joby Aviation

Hedge funds have recently added to or reduced their stakes in the company. Sowell Financial Services LLC bought a new stake in shares of Joby Aviation in the 3rd quarter worth $663,000. Pier 88 Investment Partners LLC bought a new position in shares of Joby Aviation during the third quarter valued at $635,000. Voya Investment Management LLC boosted its position in shares of Joby Aviation by 20.0% during the third quarter. Voya Investment Management LLC now owns 1,150,050 shares of the company’s stock valued at $18,562,000 after buying an additional 192,064 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in Joby Aviation in the 2nd quarter worth about $461,000. Finally, Udine Wealth Management Inc. purchased a new position in Joby Aviation in the 3rd quarter worth about $1,414,000. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Joby Aviation News Roundup

Here are the key news stories impacting Joby Aviation this week:

• Positive Sentiment: Joby announced a production strategy with Toyota engineers embedded in its facilities and a target of ramping to four aircraft per month by 2027 — a material operational milestone that could lower unit costs and create a competitive manufacturing advantage. Made by Toyota: Joby Aviation Targeting 4 Aircraft Per Month
• Neutral Sentiment: Joby’s January capital raise (~$1B, mix of equity and convertibles) boosted cash above $1B and funds the Dayton facility and ramp — this reduces near-term insolvency risk but also caused short-term dilution that pressured the stock earlier. Made by Toyota: Joby Aviation Targeting 4 Aircraft Per Month
• Negative Sentiment: Multiple insiders sold shares this week, including CEO Joeben Bevirt’s large sale (507,182 shares at ~$9.91 reported Feb. 17) disclosed in an SEC Form 4 — a high-profile block that can be interpreted as meaningful selling pressure even if it’s for diversification or other non-fundamental reasons. CEO Form 4 filing
• Negative Sentiment: Several other executives and insiders (Bonny W. Simi, Eric Allison, Didier Papadopoulos, Gregory Bowles, Kate DeHoff) also reported sales in mid-February, collectively reducing insider stake percentages — additional selling that can sap confidence while the company transitions to production. Sample insider Form 4 filing

Analysts Set New Price Targets

Several research firms recently commented on JOBY. The Goldman Sachs Group initiated coverage on shares of Joby Aviation in a research note on Monday, December 1st. They set a “sell” rating and a $10.00 price objective on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Joby Aviation in a research report on Thursday, January 22nd. Needham & Company LLC restated a “buy” rating and issued a $22.00 price target on shares of Joby Aviation in a research note on Thursday, November 6th. JPMorgan Chase & Co. lifted their price objective on Joby Aviation from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Friday, October 31st. Finally, Zacks Research raised Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $13.21.

About Joby Aviation

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.