Joby Aviation (NYSE:JOBY) Insider Bonny Simi Sells 1,232 Shares

Joby Aviation, Inc. (NYSE:JOBY) insider Bonny Simi sold 1,232 shares of the company’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $14.84, for a total transaction of $18,282.88. Following the completion of the sale, the insider directly owned 127,185 shares of the company’s stock, valued at $1,887,425.40. The trade was a 0.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Joby Aviation Stock Up 2.1%

Joby Aviation stock traded up $0.30 during trading hours on Wednesday, hitting $15.11. 20,695,715 shares of the company traded hands, compared to its average volume of 28,610,189. Joby Aviation, Inc. has a 1-year low of $4.96 and a 1-year high of $20.95. The firm has a market cap of $13.78 billion, a P/E ratio of -11.28 and a beta of 2.56. The firm’s 50-day simple moving average is $14.53 and its two-hundred day simple moving average is $15.17.

Joby Aviation (NYSE:JOBY) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $0.02 million. During the same period in the previous year, the business earned ($0.21) EPS. Joby Aviation’s quarterly revenue was up 7962.1% on a year-over-year basis. On average, equities research analysts predict that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Hedge Funds Weigh In On Joby Aviation

Several institutional investors have recently bought and sold shares of JOBY. Royal Bank of Canada boosted its stake in shares of Joby Aviation by 110.5% during the 1st quarter. Royal Bank of Canada now owns 85,070 shares of the company’s stock worth $512,000 after acquiring an additional 44,659 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Joby Aviation in the 1st quarter valued at approximately $273,000. Intech Investment Management LLC lifted its holdings in Joby Aviation by 70.4% in the 1st quarter. Intech Investment Management LLC now owns 307,135 shares of the company’s stock worth $1,849,000 after purchasing an additional 126,908 shares during the last quarter. Strs Ohio acquired a new stake in Joby Aviation in the 1st quarter worth approximately $37,000. Finally, NBC Securities Inc. boosted its position in Joby Aviation by 35.1% during the second quarter. NBC Securities Inc. now owns 142,855 shares of the company’s stock worth $1,507,000 after purchasing an additional 37,120 shares during the period. 52.85% of the stock is currently owned by institutional investors.

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.

Analyst Upgrades and Downgrades

JOBY has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on Joby Aviation from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Friday, October 31st. HC Wainwright reiterated a “neutral” rating on shares of Joby Aviation in a report on Monday, November 24th. Needham & Company LLC reissued a “buy” rating and issued a $22.00 price target on shares of Joby Aviation in a research report on Thursday, November 6th. Finally, Zacks Research upgraded shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Joby Aviation has an average rating of “Reduce” and a consensus price target of $13.43.

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.