Joby Aviation (NYSE:JOBY) Insider Eric Allison Sells 27,593 Shares of Company Stock

Key Points

• Joby Aviation insider Eric Allison sold 27,593 shares at an average price of $5.09, totaling $140,448, to cover tax withholding on vested equity awards. He retained 745,120 shares after the transaction.
• JOBY shares recently traded near their 12-month low at $4.62, while the company reported a quarterly loss of $0.25 per share—worse than estimates—despite revenue of $38.64 million exceeding forecasts.
• Analyst sentiment remains divided: the stock has a consensus “Reduce” rating and a $12.72 target price, with ratings ranging from Buy to Sell and Barclays assigning a $4 target and Underweight rating.

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Eric Allison sold 27,593 shares of the stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $5.09, for a total transaction of $140,448.37. Following the completion of the transaction, the insider directly owned 745,120 shares of the company's stock, valued at $3,792,660.80. This trade represents a 3.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 Friday, October 2nd, Eric Allison sold 9,331 shares of Joby Aviation stock. The shares were sold at an average price of $5.95, for a total transaction of $55,519.45.

Joby Aviation Price Performance

Shares of Joby Aviation stock traded down $0.34 during midday trading on Wednesday, hitting $4.62. 26,456,600 shares of the company traded hands, compared to its average volume of 31,083,809. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of -4.66 and a beta of 2.66. The company has a debt-to-equity ratio of 0.40, a quick ratio of 17.98 and a current ratio of 17.98. The firm's fifty day moving average price is $6.76 and its 200-day moving average price is $8.27. Joby Aviation, Inc. has a 12 month low of $4.61 and a 12 month high of $18.77.

Joby Aviation (NYSE:JOBY - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.02). Joby Aviation had a negative return on equity of 55.29% and a negative net margin of 755.11%. The company had revenue of $38.64 million for the quarter, compared to analyst estimates of $30.20 million. During the same quarter in the prior year, the company earned ($0.41) earnings per share. Joby Aviation's revenue for the quarter was up 257493.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Joby Aviation, Inc. will post -1.00 earnings per share for the current year.

Analyst Upgrades and Downgrades

JOBY has been the topic of several recent research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Joby Aviation in a report on Monday. Susquehanna set a $18.00 target price on Joby Aviation in a report on Thursday, August 6th. Barclays began coverage on Joby Aviation in a research report on Friday, October 9th. They issued an "underweight" rating and a $4.00 target price for the company. HC Wainwright reiterated a "buy" rating and issued a $18.00 target price on shares of Joby Aviation in a research report on Monday, September 21st. Finally, Needham & Company LLC cut their price target on Joby Aviation from $18.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Joby Aviation currently has an average rating of "Reduce" and a consensus target price of $12.72.

Institutional Investors Weigh In On Joby Aviation

Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its holdings in shares of Joby Aviation by 194.5% during the first quarter. Renaissance Technologies LLC now owns 4,005,200 shares of the company's stock worth $33,083,000 after purchasing an additional 2,645,200 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Joby Aviation by 48.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,679,515 shares of the company's stock worth $22,133,000 after purchasing an additional 870,244 shares during the last quarter. Amova Asset Management Americas Inc. grew its stake in shares of Joby Aviation by 48.1% in the first quarter. Amova Asset Management Americas Inc. now owns 2,678,495 shares of the company's stock worth $22,124,000 after purchasing an additional 870,244 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Joby Aviation by 27.6% in the second quarter. Bank of New York Mellon Corp now owns 2,136,710 shares of the company's stock valued at $19,059,000 after purchasing an additional 462,585 shares during the period. Finally, Summit Partners Public Asset Management LLC acquired a new stake in Joby Aviation in the fourth quarter valued at $9,240,000. 52.85% of the stock is owned by institutional investors.

Joby Aviation News Roundup

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

• Positive Sentiment: Joby has begun flights in Texas, exceeded revenue expectations in its latest reported quarter and has a manufacturing relationship with Toyota. A favorable regulatory decision could materially improve the company’s commercial prospects and valuation. Joby Could Be Worth Far More If One Piece of the Puzzle Falls Into Place
• Positive Sentiment: Some analysts still see substantial upside, with the reported average price target around $12.72—well above the stock’s recent trading range—reflecting optimism about eventual air-taxi commercialization and defense applications. Joby Aviation Stock Has Average Target Price of $12.72 According to Analysts
• Neutral Sentiment: Coverage is split. Investors are balancing Joby’s growth potential and strategic partnerships against its substantial cash needs, operating losses and uncertainty over the timing and scale of commercial service. Joby Aviation Stock: Is It a No-Brainer Buy at $5?
• Negative Sentiment: Barclays analyst Anthony Valentini reduced his price target from $6 to $4 and downgraded JOBY to Underweight after an October legal verdict. The revision highlights concerns about valuation and whether Joby’s factory can expand production quickly enough to support its ambitions. Joby Aviation Stock Gets Fair Value Trim As Analyst Views Split After Verdict
• Negative Sentiment: Joby is seeking to overturn a $117 million trade-secrets verdict, creating a potentially significant financial and reputational overhang. Joby Seeks to Overturn $117 Million Trade Secrets Verdict
• Negative Sentiment: Broader investor concerns include competition, future financing requirements and heavy spending to develop and manufacture electric air taxis. Those risks have contributed to JOBY’s steep annual decline and recent 52-week lows. Why Did ASTS, CIFR, JOBY Stocks Plunge To 52-Week Lows Today?

Joby Aviation Company Profile

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.

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