Insider Selling: Joby Aviation (NYSE:JOBY) Insider Sells 2,351 Shares of Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Eric Allison sold 2,351 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $10.25, for a total value of $24,097.75. Following the sale, the insider directly owned 715,476 shares of the company’s stock, valued at approximately $7,333,629. The trade was a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, February 13th, Eric Allison sold 9,815 shares of Joby Aviation stock. The shares were sold at an average price of $9.88, for a total transaction of $96,972.20.
• On Tuesday, February 10th, Eric Allison sold 1,526 shares of Joby Aviation stock. The shares were sold at an average price of $10.55, for a total transaction of $16,099.30.
• On Tuesday, January 13th, Eric Allison sold 21,493 shares of Joby Aviation stock. The stock was sold at an average price of $14.84, for a total transaction of $318,956.12.
• On Friday, January 2nd, Eric Allison sold 5,447 shares of Joby Aviation stock. The stock was sold at an average price of $13.51, for a total transaction of $73,588.97.
• On Tuesday, December 30th, Eric Allison sold 32,448 shares of Joby Aviation stock. The shares were sold at an average price of $13.25, for a total transaction of $429,936.00.

Joby Aviation Stock Up 3.7%

JOBY traded up $0.37 during trading on Wednesday, hitting $10.25. The company 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 PE ratio of -8.99 and a beta of 2.59. Joby Aviation, Inc. has a one year low of $4.96 and a one year high of $20.95. The firm’s 50-day moving average price is $12.01 and its 200 day moving average price is $14.02.

Joby Aviation (NYSE:JOBY) last released its earnings results on Wednesday, February 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06. The firm had revenue of $30.84 million for the quarter, compared to the consensus estimate of $16.88 million. During the same quarter last year, the company posted ($0.34) EPS. Joby Aviation’s revenue for the quarter was up 5506.5% on a year-over-year basis. Sell-side analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on JOBY shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Joby Aviation in a research report on Thursday, January 22nd. The Goldman Sachs Group initiated coverage on shares of Joby Aviation in a research note on Monday, December 1st. They set a “sell” rating and a $10.00 price target for the company. JPMorgan Chase & Co. lowered their price objective on shares of Joby Aviation from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Thursday, February 26th. Oppenheimer set a $18.00 price objective on shares of Joby Aviation in a research report on Thursday, February 26th. Finally, Needham & Company LLC reduced their target price on shares of Joby Aviation to $18.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $13.81.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Asset Planning Inc grew its stake in Joby Aviation by 70.0% in the third quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock valued at $27,000 after purchasing an additional 700 shares in the last quarter. Strategic Advocates LLC bought a new stake in shares of Joby Aviation during the 3rd quarter worth approximately $29,000. Canton Hathaway LLC acquired a new stake in shares of Joby Aviation in the 3rd quarter valued at approximately $29,000. Fifth Third Bancorp boosted its holdings in shares of Joby Aviation by 207.4% in the 4th quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock valued at $26,000 after buying an additional 1,348 shares during the last quarter. Finally, Hilltop National Bank bought a new position in shares of Joby Aviation in the third quarter valued at $32,000. 52.85% of the stock is currently owned by institutional investors.

Trending Headlines about Joby Aviation

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

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.