Joby Aviation (NYSE:JOBY) Insider Eric Allison Sells 9,331 Shares of Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Eric Allison sold 9,331 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $5.95, for a total transaction of $55,519.45. Following the completion of the transaction, the insider directly owned 719,164 shares in the company, valued at approximately $4,279,025.80. The trade was a 1.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Eric Allison also recently made the following trade(s):

• On Monday, July 13th, Eric Allison sold 27,932 shares of Joby Aviation stock. The stock was sold at an average price of $7.53, for a total value of $210,327.96.

Joby Aviation Trading Down 2.6%

Shares of Joby Aviation stock traded down $0.15 during trading on Monday, hitting $5.79. 21,327,477 shares of the company were exchanged, compared to its average volume of 31,249,814. The firm’s fifty day moving average price is $7.01 and its 200 day moving average price is $8.46. Joby Aviation, Inc. has a 1-year low of $5.72 and a 1-year high of $19.98. The firm has a market capitalization of $5.73 billion, a P/E ratio of -5.85 and a beta of 2.66. The company has a debt-to-equity ratio of 0.40, a current ratio of 17.98 and a quick ratio of 17.98.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.02). Joby Aviation had a negative return on equity of 55.29% and a negative net margin of 755.11%.The business had revenue of $38.64 million for the quarter, compared to analyst estimates of $30.20 million. During the same period in the previous year, the business posted ($0.41) EPS. The business’s quarterly revenue was up 257493.3% compared to the same quarter last year. As a group, sell-side analysts expect that Joby Aviation, Inc. will post -1 earnings per share for the current fiscal year.

More Joby Aviation News

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

• Positive Sentiment: Joby has raised its 2026 revenue outlook, and recent revenue exceeded analyst expectations. A White House-backed pilot program could also support future demand for electric air-taxi services. However, much of the current revenue growth is coming from Blade, the helicopter passenger business acquired by Joby, rather than from Joby’s own aircraft. Joby Aviation Is Near Its 52-Week Low With 91% Upside. The Catch Is Real
• Neutral Sentiment: Multiple Joby insiders, including CEO JoeBen Bevirt, CFO Rodrigo Brumana and directors and executives Kate Dehoff, Bonny Simi, Gregory Bowles, Sergey Novikov and Eric Allison, sold shares at approximately $5.95. The sales collectively involved about 59,000 shares and were disclosed as sales to cover tax-withholding obligations tied to vested equity awards, making them less concerning than discretionary insider selling. SEC insider transaction filing
• Negative Sentiment: A federal court reportedly dismissed or narrowed several claims in Joby’s legal dispute with Archer Aviation, giving Archer some relief and weakening Joby’s position in the litigation. Archer Aviation Gets Legal Relief as Court Dismisses Some Joby Claims
• Negative Sentiment: Investors remain concerned that Joby’s core air-taxi business has not yet entered commercial service. The company continues to face certification and execution risks, ongoing losses and the possibility that additional capital needs could dilute shareholders. Should You Be Worried About Joby Stock?
• Negative Sentiment: Director Paul Sciarra also reported selling 62,500 shares under a Rule 10b5-1 trading plan, adding to the recent flow of insider-sale headlines even though the transaction was preplanned. Joby Aviation Director Paul Sciarra Sells 62,500 Shares via Rule 10b5-1 Trading Plan

Analyst Ratings Changes

Several brokerages have recently weighed in on JOBY. Cantor Fitzgerald restated a “neutral” rating on shares of Joby Aviation in a report on Monday, September 21st. HC Wainwright reissued a “buy” rating and set a $18.00 price target on shares of Joby Aviation in a research report on Monday, September 21st. Needham & Company LLC decreased their price target on Joby Aviation from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Susquehanna set a $18.00 price objective on Joby Aviation in a research note on Thursday, August 6th. Finally, Barclays raised shares of Joby Aviation to a “hold” rating in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $13.81.

Hedge Funds Weigh In On Joby Aviation

Several institutional investors and hedge funds have recently modified their holdings of the stock. QRG Capital Management Inc. raised its position in shares of Joby Aviation by 116.4% in the second quarter. QRG Capital Management Inc. now owns 33,868 shares of the company’s stock valued at $302,000 after purchasing an additional 18,219 shares during the period. The Manufacturers Life Insurance Company grew its stake in Joby Aviation by 22.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 385,572 shares of the company’s stock valued at $3,439,000 after buying an additional 70,772 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in Joby Aviation by 46.6% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 57,994 shares of the company’s stock valued at $517,000 after acquiring an additional 18,427 shares during the period. NewEdge Advisors LLC raised its holdings in Joby Aviation by 37.8% in the 2nd quarter. NewEdge Advisors LLC now owns 53,240 shares of the company’s stock valued at $475,000 after acquiring an additional 14,594 shares during the period. Finally, Arizona State Retirement System lifted its position in Joby Aviation by 10.2% during the second quarter. Arizona State Retirement System now owns 67,557 shares of the company’s stock worth $603,000 after acquiring an additional 6,258 shares during the last quarter. 52.85% of the stock is currently owned by institutional investors and hedge funds.

Joby Aviation Company Profile

Joby Aviation, Inc (NYSE: JOBY) is an aviation company developing all-electric vertical takeoff and landing (eVTOL) aircraft for commercial passenger transportation. Its aircraft are designed to take off and land vertically like a helicopter while providing quieter, lower-emission transportation for short urban and regional trips.

The company is pursuing an integrated air-taxi business model that includes designing and manufacturing its aircraft, operating passenger services, and developing the software and infrastructure needed to support aerial mobility.