Gregory Bowles Sells 11,530 Shares of Joby Aviation (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Gregory Bowles sold 11,530 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $9.62, for a total value of $110,918.60. Following the completion of the sale, the insider directly owned 170,360 shares of the company’s stock, valued at $1,638,863.20. This represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, February 23rd, Gregory Bowles sold 3,551 shares of Joby Aviation stock. The stock was sold at an average price of $9.57, for a total value of $33,983.07.
• On Friday, February 13th, Gregory Bowles sold 4,464 shares of Joby Aviation stock. The shares were sold at an average price of $9.88, for a total value of $44,104.32.
• On Tuesday, February 10th, Gregory Bowles sold 816 shares of Joby Aviation stock. The shares were sold at an average price of $10.55, for a total transaction of $8,608.80.
• On Wednesday, January 14th, Gregory Bowles sold 5,383 shares of Joby Aviation stock. The stock was sold at an average price of $14.72, for a total transaction of $79,237.76.
• 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 transaction of $56,660.94.

Joby Aviation Trading Up 1.0%

JOBY opened at $9.82 on Thursday. Joby Aviation, Inc. has a 12 month low of $4.96 and a 12 month high of $20.95. The company has a market cap of $8.95 billion, a PE ratio of -7.32 and a beta of 2.57. The company has a 50 day moving average of $12.75 and a 200 day moving average of $14.43.

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

Analyst Ratings Changes

Several equities analysts recently commented on JOBY shares. HC Wainwright raised shares of Joby Aviation from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday. Needham & Company LLC reissued a “buy” rating on shares of Joby Aviation in a report on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Joby Aviation in a report on Thursday, January 22nd. JPMorgan Chase & Co. increased their price objective 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, Zacks Research upgraded Joby Aviation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $13.93.

Institutional Investors Weigh In On Joby Aviation

A number of large investors have recently added to or reduced their stakes in the company. Toyota Motor Corp boosted its holdings in shares of Joby Aviation by 63.1% in the 2nd quarter. Toyota Motor Corp now owns 128,454,401 shares of the company’s stock worth $1,355,194,000 after purchasing an additional 49,701,790 shares in the last quarter. Vanguard Group Inc. lifted its position in Joby Aviation by 13.2% in the 3rd quarter. Vanguard Group Inc. now owns 49,948,325 shares of the company’s stock worth $806,166,000 after buying an additional 5,828,189 shares during the last quarter. Man Group plc purchased a new stake in Joby Aviation in the third quarter worth approximately $40,283,000. Norges Bank bought a new position in Joby Aviation during the fourth quarter valued at approximately $32,269,000. Finally, Clear Street Group Inc. purchased a new position in shares of Joby Aviation during the third quarter worth approximately $36,264,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

More Joby Aviation News

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

• Positive Sentiment: Q4 beat — Joby reported EPS of ($0.14) vs. consensus ($0.20) and revenue of ~$30.8M (well above estimates), showing a large year-over-year revenue jump and a narrower loss. This lift to near-term execution credibility is a primary driver of the rally. Read More.
• Positive Sentiment: Cash runway strengthened — Management highlighted a sizeable financing boost (reported ~ $1.8B raised) that meaningfully extends runway for certification and production investments, reducing an immediate liquidity overhang. Read More.
• Positive Sentiment: Commercial momentum — Joby rolled out Uber air‑taxi booking availability/partnership details, a tangible step toward revenue commercialization and demand validation. This partnership is being priced in as a long‑term growth catalyst. Read More.
• Neutral Sentiment: Sector & legal noise — Competitive/legal developments in the eVTOL group (e.g., Archer vs. Vertical) are creating cross‑stock sympathy moves; Joby may move with broader sector headlines rather than company specifics. Read More.
• Neutral Sentiment: Expect volatility around the print — Analysts warn Q4/commentary can spark sizable swings; this increases short‑term trading risk even if fundamentals improved. Read More.
• Negative Sentiment: Insider selling — Recent sales by an insider (Gregory Bowles) were disclosed, which can be interpreted negatively by the market even if the amounts are relatively small. Read More.
• Negative Sentiment: Valuation/analyst pressure — Some firms (including a Goldman Sachs sell initiation) and coverage notes flag rich valuation vs. execution risk; failure to deliver concrete certification/production milestones could amplify downside.
• Negative Sentiment: Technicals and positioning — JOBY trades below its 50‑ and 200‑day averages and has a history of wide intraday swings, which can magnify declines on any future disappointments. (Background market data)

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.