Joby Aviation (NYSE:JOBY) Insider Gregory Bowles Sells 894 Shares of Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Gregory Bowles sold 894 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $14.83, for a total value of $13,258.02. Following the sale, the insider directly owned 168,057 shares in the company, valued at approximately $2,492,285.31. The trade was a 0.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, January 14th, Gregory Bowles sold 5,383 shares of Joby Aviation stock. The stock was sold at an average price of $14.72, for a total transaction of $79,237.76.
• 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 transaction 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 transaction 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 transaction of $61,279.24.

Joby Aviation Stock Up 2.1%

NYSE:JOBY opened at $15.11 on Thursday. The stock has a market capitalization of $13.78 billion, a price-to-earnings ratio of -11.28 and a beta of 2.56. Joby Aviation, Inc. has a 52 week low of $4.96 and a 52 week high of $20.95. The firm has a 50 day moving average of $14.53 and a 200 day moving average of $15.17.

Joby Aviation (NYSE:JOBY) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.29). The business had revenue of $22.57 million for the quarter, compared to analyst estimates of $0.02 million. During the same quarter in the prior year, the company earned ($0.21) earnings per share. The company’s revenue was up 7962.1% on a year-over-year basis. As a group, analysts expect that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Institutional Investors Weigh In On Joby Aviation

Large investors have recently bought and sold shares of the company. Sowell Financial Services LLC purchased a new position in shares of Joby Aviation in the 3rd quarter valued at about $663,000. Voya Investment Management LLC grew its holdings in Joby Aviation by 20.0% in the third quarter. Voya Investment Management LLC now owns 1,150,050 shares of the company’s stock valued at $18,562,000 after purchasing an additional 192,064 shares during the period. Valeo Financial Advisors LLC purchased a new stake in shares of Joby Aviation in the second quarter valued at approximately $461,000. Ring Mountain Capital LLC purchased a new stake in shares of Joby Aviation in the second quarter valued at approximately $211,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Joby Aviation during the 2nd quarter worth approximately $1,018,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Analyst Ratings Changes

JOBY has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Joby Aviation in a report on Wednesday, October 8th. Morgan Stanley increased their price objective on shares of Joby Aviation from $7.00 to $15.00 and gave the company an “equal weight” rating in a research report on Thursday, October 9th. JPMorgan Chase & Co. lifted their target price on shares of Joby Aviation from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Friday, October 31st. Zacks Research raised shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, The Goldman Sachs Group assumed coverage on shares of Joby Aviation in a report on Monday, December 1st. They issued a “sell” rating and a $10.00 price target for the company. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $13.43.

Key Headlines Impacting Joby Aviation

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

• Positive Sentiment: Joby will expand manufacturing capacity with an acquisition of a new Ohio facility — the move should help scale production and shorten time-to-delivery as Joby ramps toward commercial service, supporting long‑term revenue and margin improvement. Read More.
• Positive Sentiment: Joby partnered with Metropolis to build 25 vertiports across the U.S., a key infrastructure deal that de‑risks market access and supports launch plans for its air‑taxi service — this increases the credibility of near‑term commercialization and potential localized recurring revenue streams. Read More.
• Negative Sentiment: Multiple insiders (including CEO Joeben Bevirt, CFO Rodrigo Brumana and several senior executives) sold shares across filings on Jan. 13–14 — aggregating into sizable, public reductions of insider positions. While insider sales can reflect diversification or liquidity needs, the breadth and scale of the transactions can be interpreted as a near‑term negative signal by investors. See representative SEC Form 4 filing (CEO). Read More.

Joby Aviation Company Profile

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.