Insider Selling: Joby Aviation (NYSE:JOBY) Insider Sells 1,727 Shares of Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Bonny Simi sold 1,727 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $10.25, for a total transaction of $17,701.75. Following the transaction, the insider owned 147,464 shares in the company, valued at approximately $1,511,506. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Joby Aviation Stock Performance

NYSE:JOBY traded up $0.37 during trading hours on Wednesday, reaching $10.25. The company’s stock had a trading volume of 24,647,380 shares, compared to its average volume of 28,829,979. The company has a market capitalization of $9.34 billion, a P/E ratio of -8.99 and a beta of 2.59. Joby Aviation, Inc. has a 12 month low of $4.96 and a 12 month high of $20.95. The stock has a 50 day moving average price of $12.01 and a two-hundred day moving average price of $14.02.

Joby Aviation (NYSE:JOBY) last announced its earnings results on Wednesday, February 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.06. The company had revenue of $30.84 million for the quarter, compared to the consensus estimate of $16.88 million. During the same period last year, the business posted ($0.34) EPS. The firm’s revenue was up 5506.5% compared to the same quarter last year. As a group, analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Key Joby Aviation News

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

• Positive Sentiment: Joby began flight testing its first FAA‑conforming aircraft as part of Type Inspection Authorization (TIA), a major step toward FAA type certification; initial pilot testing at Marina, CA, paves the way for FAA validation later this year, which would materially reduce program timing and certification risk. Joby’s First FAA-Conforming Aircraft Takes Flight
• Positive Sentiment: Joby was named to federal/state eVTOL pilot projects and its eIPP selection plus Uber commercial launch plans highlight a clearer path to early revenue and partnerships — supports revenue ramp expectations and commercial credibility. Joby Aviation’s eIPP Wins And Uber Launches Put Commercial Path In Focus
• Positive Sentiment: FAA launched pilot tests across 26 states for air‑taxi/eVTOL projects, expanding opportunities for Joby to demonstrate operations and secure local support — wider pilot footprint reduces regulatory execution risk if tests go well. Flying taxis could soon take flight as FAA green-lights tests in 26 states
• Neutral Sentiment: Recent quarterly results showed an EPS beat and a large revenue acceleration year‑over‑year, but the company remains unprofitable with negative EPS guidance for the year — progress is positive but valuation still hinges on successful certification and commercial scale. (Company release and earnings recap)
• Negative Sentiment: Archer Aviation filed a countersuit accusing Joby of concealing ties to China and misclassifying imports; allegations raise potential regulatory, procurement, and reputational risks that could complicate certification, government contracting, or supplier scrutiny — watch legal developments and any SEC or government inquiries. Air-taxi maker Archer accuses rival Joby of illegal China ties

Wall Street Analysts Forecast Growth

JOBY has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on Joby Aviation from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Thursday, February 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a report on Thursday, January 22nd. Oppenheimer set a $18.00 price target on shares of Joby Aviation in a research report on Thursday, February 26th. Canaccord Genuity Group restated a “hold” rating and issued a $15.50 price target on shares of Joby Aviation in a report on Tuesday, February 3rd. Finally, The Goldman Sachs Group began coverage on shares of Joby Aviation in a research report on Monday, December 1st. They issued a “sell” rating and a $10.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $13.81.

Institutional Trading of Joby Aviation

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its position in shares of Joby Aviation by 110.5% in the 1st quarter. Royal Bank of Canada now owns 85,070 shares of the company’s stock worth $512,000 after purchasing an additional 44,659 shares in the last quarter. AQR Capital Management LLC acquired a new position in Joby Aviation during the 1st quarter valued at about $273,000. Strs Ohio acquired a new position in Joby Aviation during the 1st quarter valued at about $37,000. Envestnet Asset Management Inc. raised its stake in Joby Aviation by 26.1% in the second quarter. Envestnet Asset Management Inc. now owns 42,169 shares of the company’s stock valued at $445,000 after buying an additional 8,741 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Joby Aviation by 7.0% in the second quarter. Teacher Retirement System of Texas now owns 29,793 shares of the company’s stock valued at $314,000 after buying an additional 1,943 shares during the last quarter. Hedge funds and other institutional investors own 52.85% of the company’s stock.

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.