Joby Aviation (NYSE:JOBY) Insider Sergey Novikov Sells 2,965 Shares of Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Sergey Novikov sold 2,965 shares of the company’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $5.95, for a total transaction of $17,641.75. Following the completion of the transaction, the insider owned 48,681 shares in the company, valued at approximately $289,651.95. The trade was a 5.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Joby Aviation Stock Down 2.6%

JOBY stock traded down $0.15 during trading on Monday, hitting $5.79. 21,327,477 shares of the stock traded hands, compared to its average volume of 31,249,814. The company has a debt-to-equity ratio of 0.40, a current ratio of 17.98 and a quick ratio of 17.98. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of -5.85 and a beta of 2.66. Joby Aviation, Inc. has a 1 year low of $5.72 and a 1 year high of $19.98. The firm’s 50 day moving average is $7.01 and its two-hundred day moving average is $8.46.

Joby Aviation (NYSE:JOBY) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.02). The firm had revenue of $38.64 million for the quarter, compared to analysts’ expectations of $30.20 million. Joby Aviation had a negative net margin of 755.11% and a negative return on equity of 55.29%. The company’s quarterly revenue was up 257493.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.41) EPS. On average, sell-side analysts anticipate that Joby Aviation, Inc. will post -1 EPS for the current year.

Key Headlines Impacting Joby Aviation

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

• Positive Sentiment: Joby has raised its 2026 revenue outlook, and recent revenue exceeded analyst expectations. A White House-backed pilot program could also support future demand for electric air-taxi services. However, much of the current revenue growth is coming from Blade, the helicopter passenger business acquired by Joby, rather than from Joby’s own aircraft. Joby Aviation Is Near Its 52-Week Low With 91% Upside. The Catch Is Real
• Neutral Sentiment: Multiple Joby insiders, including CEO JoeBen Bevirt, CFO Rodrigo Brumana and directors and executives Kate Dehoff, Bonny Simi, Gregory Bowles, Sergey Novikov and Eric Allison, sold shares at approximately $5.95. The sales collectively involved about 59,000 shares and were disclosed as sales to cover tax-withholding obligations tied to vested equity awards, making them less concerning than discretionary insider selling. SEC insider transaction filing
• Negative Sentiment: A federal court reportedly dismissed or narrowed several claims in Joby’s legal dispute with Archer Aviation, giving Archer some relief and weakening Joby’s position in the litigation. Archer Aviation Gets Legal Relief as Court Dismisses Some Joby Claims
• Negative Sentiment: Investors remain concerned that Joby’s core air-taxi business has not yet entered commercial service. The company continues to face certification and execution risks, ongoing losses and the possibility that additional capital needs could dilute shareholders. Should You Be Worried About Joby Stock?
• Negative Sentiment: Director Paul Sciarra also reported selling 62,500 shares under a Rule 10b5-1 trading plan, adding to the recent flow of insider-sale headlines even though the transaction was preplanned. Joby Aviation Director Paul Sciarra Sells 62,500 Shares via Rule 10b5-1 Trading Plan

Institutional Investors Weigh In On Joby Aviation

A number of hedge funds have recently modified their holdings of the business. QRG Capital Management Inc. grew its position in shares of Joby Aviation by 116.4% during the 2nd quarter. QRG Capital Management Inc. now owns 33,868 shares of the company’s stock valued at $302,000 after acquiring an additional 18,219 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Joby Aviation by 22.5% during the second quarter. The Manufacturers Life Insurance Company now owns 385,572 shares of the company’s stock valued at $3,439,000 after purchasing an additional 70,772 shares during the period. Integrated Wealth Concepts LLC grew its holdings in Joby Aviation by 46.6% during the second quarter. Integrated Wealth Concepts LLC now owns 57,994 shares of the company’s stock valued at $517,000 after purchasing an additional 18,427 shares during the period. NewEdge Advisors LLC increased its position in Joby Aviation by 37.8% in the second quarter. NewEdge Advisors LLC now owns 53,240 shares of the company’s stock worth $475,000 after buying an additional 14,594 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Joby Aviation by 10.2% in the second quarter. Arizona State Retirement System now owns 67,557 shares of the company’s stock worth $603,000 after buying an additional 6,258 shares during the period. Institutional investors own 52.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on JOBY shares. Weiss Ratings upgraded shares of Joby Aviation from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Barclays upgraded Joby Aviation to a “hold” rating in a research note on Wednesday, July 29th. Susquehanna set a $18.00 price objective on Joby Aviation in a research report on Thursday, August 6th. HC Wainwright reissued a “buy” rating and issued a $18.00 target price on shares of Joby Aviation in a report on Monday, September 21st. Finally, Cantor Fitzgerald reissued a “neutral” rating on shares of Joby Aviation in a research report on Monday, September 21st. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $13.81.

About Joby Aviation

Joby Aviation, Inc (NYSE: JOBY) is an aviation company developing all-electric vertical takeoff and landing (eVTOL) aircraft for commercial passenger transportation. Its aircraft are designed to take off and land vertically like a helicopter while providing quieter, lower-emission transportation for short urban and regional trips.

The company is pursuing an integrated air-taxi business model that includes designing and manufacturing its aircraft, operating passenger services, and developing the software and infrastructure needed to support aerial mobility.