Joby Aviation (NYSE:JOBY) Insider Eric Allison Sells 2,351 Shares

Joby Aviation, Inc. (NYSE:JOBY) insider Eric Allison sold 2,351 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $10.25, for a total value of $24,097.75. Following the transaction, the insider directly owned 715,476 shares in the company, valued at approximately $7,333,629. This represents a 0.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Friday, February 13th, Eric Allison sold 9,815 shares of Joby Aviation stock. The shares were sold at an average price of $9.88, for a total value of $96,972.20.
• On Tuesday, February 10th, Eric Allison sold 1,526 shares of Joby Aviation stock. The stock was sold at an average price of $10.55, for a total value of $16,099.30.
• On Tuesday, January 13th, Eric Allison sold 21,493 shares of Joby Aviation stock. The shares were sold at an average price of $14.84, for a total value of $318,956.12.
• 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 value 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 value of $429,936.00.

Joby Aviation Stock Performance

NYSE:JOBY traded up $0.37 on Wednesday, hitting $10.25. 24,647,380 shares of the stock were exchanged, compared to its average volume of 28,829,979. Joby Aviation, Inc. has a 52 week low of $4.96 and a 52 week high of $20.95. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of -8.99 and a beta of 2.59. The company’s 50-day moving average price is $12.01 and its 200 day moving average price is $14.02.

Joby Aviation (NYSE:JOBY) last issued its earnings results on Wednesday, February 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.06. The business had revenue of $30.84 million during the quarter, compared to the consensus estimate of $16.88 million. During the same period last year, the business posted ($0.34) EPS. The firm’s revenue for the quarter was up 5506.5% compared to the same quarter last year. As a group, equities research analysts predict that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Institutional Trading of Joby Aviation

Hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC lifted its holdings in Joby Aviation by 34.8% during the fourth quarter. Corient Private Wealth LLC now owns 38,953 shares of the company’s stock worth $514,000 after acquiring an additional 10,059 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Joby Aviation in the fourth quarter valued at about $28,000. Sunbelt Securities Inc. increased its holdings in shares of Joby Aviation by 16.1% in the fourth quarter. Sunbelt Securities Inc. now owns 13,725 shares of the company’s stock worth $181,000 after acquiring an additional 1,900 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Joby Aviation by 33.3% in the fourth quarter. Invesco Ltd. now owns 1,205,957 shares of the company’s stock worth $15,919,000 after acquiring an additional 301,335 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its position in shares of Joby Aviation by 58.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 19,400 shares of the company’s stock worth $256,000 after purchasing an additional 7,188 shares during the period. Institutional investors and hedge funds own 52.85% of the company’s stock.

Key Stories Impacting Joby Aviation

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

• Positive Sentiment: Joby began flight testing its first FAA‑conforming aircraft as part of Type Inspection Authorization (TIA), a major step toward FAA type certification; initial pilot testing at Marina, CA, paves the way for FAA validation later this year, which would materially reduce program timing and certification risk. Joby’s First FAA-Conforming Aircraft Takes Flight
• Positive Sentiment: Joby was named to federal/state eVTOL pilot projects and its eIPP selection plus Uber commercial launch plans highlight a clearer path to early revenue and partnerships — supports revenue ramp expectations and commercial credibility. Joby Aviation’s eIPP Wins And Uber Launches Put Commercial Path In Focus
• Positive Sentiment: FAA launched pilot tests across 26 states for air‑taxi/eVTOL projects, expanding opportunities for Joby to demonstrate operations and secure local support — wider pilot footprint reduces regulatory execution risk if tests go well. Flying taxis could soon take flight as FAA green-lights tests in 26 states
• Neutral Sentiment: Recent quarterly results showed an EPS beat and a large revenue acceleration year‑over‑year, but the company remains unprofitable with negative EPS guidance for the year — progress is positive but valuation still hinges on successful certification and commercial scale. (Company release and earnings recap)
• Negative Sentiment: Archer Aviation filed a countersuit accusing Joby of concealing ties to China and misclassifying imports; allegations raise potential regulatory, procurement, and reputational risks that could complicate certification, government contracting, or supplier scrutiny — watch legal developments and any SEC or government inquiries. Air-taxi maker Archer accuses rival Joby of illegal China ties

Wall Street Analyst Weigh In

JOBY has been the topic of a number of recent research reports. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $15.50 price objective on shares of Joby Aviation in a research note on Tuesday, February 3rd. Needham & Company LLC cut their price target on Joby Aviation to $18.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Oppenheimer set a $18.00 price objective on Joby Aviation in a report on Thursday, February 26th. The Goldman Sachs Group assumed coverage on Joby Aviation in a research report on Monday, December 1st. They set a “sell” rating and a $10.00 target price for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of Joby Aviation from $8.00 to $7.00 and set an “underweight” rating on the stock in a research report on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $13.81.

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.