Joby Aviation (NYSE:JOBY) Insider Sells $318,956.12 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Eric Allison sold 21,493 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $14.84, for a total value of $318,956.12. Following the transaction, the insider owned 702,604 shares of the company’s stock, valued at $10,426,643.36. This represents a 2.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, January 2nd, Eric Allison sold 5,447 shares of Joby Aviation stock. The shares were 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 stock was sold at an average price of $13.25, for a total transaction of $429,936.00.

Joby Aviation Trading Up 2.1%

NYSE:JOBY traded up $0.30 during mid-day trading on Wednesday, hitting $15.11. The stock had a trading volume of 20,695,715 shares, compared to its average volume of 28,610,189. The company has a 50 day simple moving average of $14.53 and a 200-day simple moving average of $15.17. The stock has a market capitalization of $13.78 billion, a price-to-earnings ratio of -11.28 and a beta of 2.56. Joby Aviation, Inc. has a 52 week low of $4.96 and a 52 week high of $20.95.

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

Institutional Investors Weigh In On Joby Aviation

A number of large investors have recently made changes to their positions in JOBY. CWM LLC raised its stake in Joby Aviation by 8.1% during the 2nd quarter. CWM LLC now owns 9,156 shares of the company’s stock valued at $97,000 after purchasing an additional 689 shares during the period. GPS Wealth Strategies Group LLC grew its holdings in shares of Joby Aviation by 22.5% during the third quarter. GPS Wealth Strategies Group LLC now owns 3,794 shares of the company’s stock valued at $61,000 after buying an additional 697 shares in the last quarter. Asset Planning Inc raised its position in Joby Aviation by 70.0% during the third quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock valued at $27,000 after buying an additional 700 shares during the period. GoalVest Advisory LLC lifted its stake in Joby Aviation by 2.1% in the 4th quarter. GoalVest Advisory LLC now owns 33,500 shares of the company’s stock worth $442,000 after acquiring an additional 700 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Joby Aviation by 4.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 16,705 shares of the company’s stock worth $270,000 after acquiring an additional 736 shares in the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

Analysts Set New Price Targets

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

Trending Headlines about Joby Aviation

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.

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.