Joby Aviation (NYSE:JOBY) Insider Gregory Bowles Sells 5,383 Shares

Joby Aviation, Inc. (NYSE:JOBY) insider Gregory Bowles sold 5,383 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $14.72, for a total transaction of $79,237.76. Following the transaction, the insider owned 162,674 shares in the company, valued at $2,394,561.28. The trade was a 3.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, January 13th, Gregory Bowles sold 894 shares of Joby Aviation stock. The stock was sold at an average price of $14.83, for a total transaction of $13,258.02.
• 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 value of $56,660.94.
• On Tuesday, November 25th, Gregory Bowles sold 3,931 shares of Joby Aviation stock. The stock was sold at an average price of $13.72, for a total value 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 Performance

NYSE:JOBY opened at $15.11 on Thursday. The firm’s fifty day moving average is $14.53 and its two-hundred day moving average is $15.17. The firm has a market cap of $13.78 billion, a price-to-earnings ratio of -11.28 and a beta of 2.56. Joby Aviation, Inc. has a one year low of $4.96 and a one year high of $20.95.

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

Joby Aviation News Summary

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.

Wall Street Analyst Weigh In

Several research firms recently commented on JOBY. JPMorgan Chase & Co. raised their price target on shares of Joby Aviation from $7.00 to $8.00 and gave the company an “underweight” rating in a research report on Friday, October 31st. The Goldman Sachs Group began coverage on Joby Aviation in a research note on Monday, December 1st. They issued a “sell” rating and a $10.00 price target for the company. Zacks Research raised Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. HC Wainwright reaffirmed a “neutral” rating on shares of Joby Aviation in a research note on Monday, November 24th. Finally, Morgan Stanley upped their price objective on shares of Joby Aviation from $7.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 9th. One equities research 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’s stock. Based on data from MarketBeat, Joby Aviation has a consensus rating of “Reduce” and an average target price of $13.43.

Institutional Investors Weigh In On Joby Aviation

A number of large investors have recently modified their holdings of JOBY. Royal Bank of Canada lifted its stake in shares of Joby Aviation by 110.5% in the first quarter. Royal Bank of Canada now owns 85,070 shares of the company’s stock worth $512,000 after buying an additional 44,659 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of Joby Aviation in the first quarter valued at approximately $273,000. Intech Investment Management LLC increased its holdings in shares of Joby Aviation by 70.4% in the first quarter. Intech Investment Management LLC now owns 307,135 shares of the company’s stock valued at $1,849,000 after purchasing an additional 126,908 shares during the last quarter. Strs Ohio purchased a new position in Joby Aviation during the first quarter worth approximately $37,000. Finally, NBC Securities Inc. boosted its stake 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 buying an additional 37,120 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.