Joby Aviation (NYSE:JOBY) Stock: Insider Eric Allison Sells 9,331 Shares

Key Points

• Joby Aviation insider Eric Allison sold 9,331 shares at an average price of $5.95, generating $55,519.45. The sale covered tax-withholding obligations tied to vested equity awards, and he retained 719,164 shares.
• Joby shares fell 2.6% to $5.79, near the company’s 12-month low of $5.72. The company remains unprofitable, reporting a quarterly EPS loss of $0.25 despite revenue exceeding analyst expectations.
• Analyst sentiment is cautious, with a consensus rating of “Reduce” and an average price target of $13.81; two analysts rate the stock Buy, five Hold, and three Sell.

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Eric Allison sold 9,331 shares of Joby Aviation stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $5.95, for a total transaction of $55,519.45. Following the completion of the sale, the insider owned 719,164 shares of the company's stock, valued at approximately $4,279,025.80. This trade represents a 1.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 shares were sold at an average price of $7.53, for a total value of $210,327.96.

Joby Aviation Stock Down 2.6%

NYSE JOBY traded down $0.15 on Monday, hitting $5.79. 21,327,477 shares of the stock traded hands, compared to its average volume of 31,249,814. The company has a current ratio of 17.98, a quick ratio of 17.98 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average of $7.01 and a 200 day moving average of $8.46. Joby Aviation, Inc. has a twelve month low of $5.72 and a twelve month high of $19.98. The company has a market capitalization of $5.73 billion, a P/E ratio of -5.85 and a beta of 2.66.

Joby Aviation (NYSE:JOBY - Get Free Report) last announced its quarterly earnings data 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). Joby Aviation had a negative return on equity of 55.29% and a negative net margin of 755.11%.The firm had revenue of $38.64 million for the quarter, compared to the consensus estimate of $30.20 million. During the same quarter last year, the business earned ($0.41) earnings per share. The business's revenue for the quarter was up 257493.3% compared to the same quarter last year. As a group, analysts expect that Joby Aviation, Inc. will post -1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Joby Aviation from a "sell" rating to a "strong sell" rating in a report on Saturday, August 8th. HC Wainwright restated a "buy" rating and set a $18.00 price objective on shares of Joby Aviation in a research report on Monday, September 21st. Weiss Ratings raised shares of Joby Aviation from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, July 14th. Barclays upgraded shares of Joby Aviation to a "hold" rating in a report on Wednesday, July 29th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Joby Aviation in a research note on Monday, September 21st. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Joby Aviation currently has a consensus rating of "Reduce" and an average price target of $13.81.

Institutional Investors Weigh In On Joby Aviation

A number of hedge funds have recently added to or reduced their stakes in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Joby Aviation in the fourth quarter valued at approximately $28,000. Ancora Advisors LLC bought a new position in Joby Aviation in the 2nd quarter valued at $27,000. Leonteq Securities AG raised its position in shares of Joby Aviation by 295.2% during the first quarter. Leonteq Securities AG now owns 4,351 shares of the company's stock worth $36,000 after acquiring an additional 3,250 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of Joby Aviation during the first quarter valued at $37,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Joby Aviation by 95.5% in the first quarter. Geneos Wealth Management Inc. now owns 5,385 shares of the company's stock valued at $44,000 after acquiring an additional 2,630 shares during the last quarter. Institutional investors own 52.85% of the company's stock.

Joby Aviation News Roundup

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

• Positive Sentiment: Joby has raised its 2026 revenue outlook, and recent revenue exceeded analyst expectations. A White House-backed pilot program could also support future demand for electric air-taxi services. However, much of the current revenue growth is coming from Blade, the helicopter passenger business acquired by Joby, rather than from Joby’s own aircraft. Joby Aviation Is Near Its 52-Week Low With 91% Upside. The Catch Is Real
• Neutral Sentiment: Multiple Joby insiders, including CEO JoeBen Bevirt, CFO Rodrigo Brumana and directors and executives Kate Dehoff, Bonny Simi, Gregory Bowles, Sergey Novikov and Eric Allison, sold shares at approximately $5.95. The sales collectively involved about 59,000 shares and were disclosed as sales to cover tax-withholding obligations tied to vested equity awards, making them less concerning than discretionary insider selling. SEC insider transaction filing
• Negative Sentiment: A federal court reportedly dismissed or narrowed several claims in Joby’s legal dispute with Archer Aviation, giving Archer some relief and weakening Joby’s position in the litigation. Archer Aviation Gets Legal Relief as Court Dismisses Some Joby Claims
• Negative Sentiment: Investors remain concerned that Joby’s core air-taxi business has not yet entered commercial service. The company continues to face certification and execution risks, ongoing losses and the possibility that additional capital needs could dilute shareholders. Should You Be Worried About Joby Stock?
• Negative Sentiment: Director Paul Sciarra also reported selling 62,500 shares under a Rule 10b5-1 trading plan, adding to the recent flow of insider-sale headlines even though the transaction was preplanned. Joby Aviation Director Paul Sciarra Sells 62,500 Shares via Rule 10b5-1 Trading Plan

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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