Joby Aviation (NYSE:JOBY) Insider Sells $415,987.20 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 28,260 shares of the company’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $14.72, for a total transaction of $415,987.20. Following the transaction, the insider owned 149,369 shares in the company, valued at approximately $2,198,711.68. The trade was a 15.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Kate Dehoff also recently made the following trade(s):

• On Tuesday, January 13th, Kate Dehoff sold 7,092 shares of Joby Aviation stock. The stock was sold at an average price of $14.84, for a total transaction of $105,245.28.
• On Friday, January 2nd, Kate Dehoff sold 10,484 shares of Joby Aviation stock. The shares were sold at an average price of $13.51, for a total transaction of $141,638.84.

Joby Aviation Stock Performance

JOBY traded up $0.30 during trading on Wednesday, reaching $15.11. 20,695,715 shares of the company’s stock were exchanged, compared to its average volume of 28,610,189. The company’s fifty day moving average price is $14.53 and its 200-day moving average price is $15.17. The firm has a market capitalization of $13.78 billion, a PE ratio of -11.28 and a beta of 2.56. Joby Aviation, Inc. has a fifty-two week low of $4.96 and a fifty-two week high of $20.95.

Joby Aviation (NYSE:JOBY) last posted 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 firm had revenue of $22.57 million during the quarter, compared to analyst estimates of $0.02 million. The firm’s revenue was up 7962.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.21) EPS. Research analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on JOBY shares. Zacks Research upgraded shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. The Goldman Sachs Group started coverage on Joby Aviation in a report on Monday, December 1st. They set a “sell” rating and a $10.00 target price on the stock. HC Wainwright restated a “neutral” rating on shares of Joby Aviation in a research note on Monday, November 24th. JPMorgan Chase & Co. upped their price objective on Joby Aviation from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Joby Aviation in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $13.43.

Institutional Trading of Joby Aviation

A number of hedge funds have recently modified their holdings of JOBY. Toyota Motor Corp raised its holdings in Joby Aviation by 63.1% in the 2nd quarter. Toyota Motor Corp now owns 128,454,401 shares of the company’s stock valued at $1,355,194,000 after acquiring an additional 49,701,790 shares during the period. Vanguard Group Inc. grew its position in shares of Joby Aviation by 13.2% in the third quarter. Vanguard Group Inc. now owns 49,948,325 shares of the company’s stock valued at $806,166,000 after purchasing an additional 5,828,189 shares during the last quarter. Rheos Capital Works Inc. increased its stake in shares of Joby Aviation by 58.2% during the second quarter. Rheos Capital Works Inc. now owns 7,205,000 shares of the company’s stock worth $76,013,000 after purchasing an additional 2,650,000 shares during the period. Man Group plc acquired a new stake in Joby Aviation during the 3rd quarter worth approximately $40,283,000. Finally, Clear Street Group Inc. acquired a new stake in Joby Aviation during the 3rd quarter worth approximately $36,264,000. Institutional investors and hedge funds own 52.85% of the company’s stock.

Joby Aviation News Roundup

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.

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.