Insider Selling: Joby Aviation (NYSE:JOBY) Insider Sells $55,519.45 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Eric Allison sold 9,331 shares of Joby Aviation stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $5.95, for a total transaction of $55,519.45. Following the completion of the sale, the insider directly owned 719,164 shares of the company’s stock, valued at approximately $4,279,025.80. The trade was a 1.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, July 13th, Eric Allison sold 27,932 shares of Joby Aviation stock. The stock was sold at an average price of $7.53, for a total transaction of $210,327.96.

Joby Aviation Price Performance

NYSE JOBY opened at $5.75 on Thursday. Joby Aviation, Inc. has a fifty-two week low of $5.58 and a fifty-two week high of $18.77. The stock’s 50-day moving average is $6.93 and its two-hundred day moving average is $8.37. 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 firm has a market cap of $5.69 billion, a P/E ratio of -5.81 and a beta of 2.66.

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

Institutional Investors Weigh In On Joby Aviation

Hedge funds have recently modified their holdings of the business. Ancora Advisors LLC bought a new position in Joby Aviation during the second quarter worth $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Joby Aviation in the 4th quarter valued at $28,000. Leonteq Securities AG boosted its holdings in Joby Aviation by 295.2% in the 1st quarter. Leonteq Securities AG now owns 4,351 shares of the company’s stock valued at $36,000 after purchasing an additional 3,250 shares during the period. Western Wealth Management LLC acquired a new stake in Joby Aviation in the 1st quarter worth $37,000. Finally, Geneos Wealth Management Inc. grew its position in Joby Aviation by 95.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,385 shares of the company’s stock worth $44,000 after purchasing an additional 2,630 shares during the last quarter. 52.85% of the stock is owned by institutional investors.

More Joby Aviation News

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

• Positive Sentiment: Joby’s flight operations are adopting BitRipple’s LT3 connectivity system, which combines satellite and cellular networks for real-time, flight-critical telemetry and monitoring. The deployment supports the reliability and operational infrastructure needed for advanced air mobility. BitRipple LT3 Deployed Across Joby Flight Operations
• Positive Sentiment: ARK Invest, led by Cathie Wood, continued to invest in Joby and other flying-taxi companies. The buying provides a favorable signal from a high-profile growth investor, although it does not change Joby’s near-term certification and cash-burn risks. Cathie Wood Bets Big on Flying Taxis
• Neutral Sentiment: A long-term investment analysis argues that JOBY could have substantial upside by 2029 if it secures regulatory approval, launches commercial flights and scales production. However, Joby remains a speculative, loss-making company with no commercial air-taxi service yet, so the projection is highly dependent on execution. Prediction: Here’s What a $5,000 Investment in Joby Aviation Will Be Worth in 3 Years
• Neutral Sentiment: Several insiders, including CEO JoeBen Bevirt, CFO Rodrigo Brumana, Gregory Bowles, Sergey Novikov, Bonny Simi, Kate Dehoff and others, reported share sales. Some transactions were conducted under Rule 10b5-1 plans or to cover tax withholding, limiting their significance, but the concentration of sales may weigh on investor sentiment.
• Negative Sentiment: The $116.9 million verdict is the dominant near-term overhang. It could reduce Joby’s cash runway, increase legal costs and distract management as the company works toward aircraft certification, manufacturing scale-up and commercial operations. Joby Aviation Hit With $116.9 Million Verdict in Trade Secrets Lawsuit

Wall Street Analysts Forecast Growth

JOBY has been the subject of a number of analyst reports. HC Wainwright restated a “buy” rating and issued a $18.00 price objective on shares of Joby Aviation in a research note on Monday, September 21st. Needham & Company LLC lowered their target price on shares of Joby Aviation from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Joby Aviation from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Barclays raised shares of Joby Aviation to a “hold” rating in a research report on Wednesday, July 29th. Finally, Wall Street Zen cut shares of Joby Aviation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target 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.