Insider Selling: Joby Aviation (NYSE:JOBY) Insider Sells 1,727 Shares of Stock

Key Points

• Insider sale: Joby insider Bonny Simi sold 1,727 shares on March 10 at an average price of $10.25 (≈$17,701.75), trimming her stake by 1.16% to 147,464 shares, per an SEC filing.
• Financials: Joby beat estimates for the quarter—EPS of -$0.14 vs. -$0.20 expected and revenue of $30.84M vs. $16.88M expected (up 5,506% YoY)—but remains unprofitable with negative EPS guidance for the year.
• Operational progress and risks: Joby has begun flight testing its first FAA‑conforming aircraft and won eVTOL pilot projects (including Uber plans), advancing commercialization prospects, while facing a countersuit from Archer alleging China ties that could create regulatory and reputational headwinds.

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Bonny Simi sold 1,727 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $10.25, for a total transaction of $17,701.75. Following the completion of the transaction, the insider directly owned 147,464 shares of the company's stock, valued at approximately $1,511,506. The trade was a 1.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Joby Aviation Stock Up 3.7%

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

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

Hedge Funds Weigh In On Joby Aviation

Institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp raised its holdings in shares of Joby Aviation by 207.4% in the fourth quarter. Fifth Third Bancorp now owns 1,998 shares of the company's stock valued at $26,000 after acquiring an additional 1,348 shares in the last quarter. Asset Planning Inc grew its holdings in Joby Aviation by 70.0% during the 3rd quarter. Asset Planning Inc now owns 1,700 shares of the company's stock worth $27,000 after acquiring an additional 700 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Joby Aviation by 284.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company's stock worth $27,000 after acquiring an additional 1,880 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Joby Aviation during the 4th quarter valued at about $28,000. Finally, Canton Hathaway LLC purchased a new position in Joby Aviation during the 3rd quarter valued at about $29,000. Hedge funds and other 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 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 Analysts Forecast Growth

A number of equities analysts recently commented on JOBY shares. JPMorgan Chase & Co. dropped their price target on shares of Joby Aviation from $8.00 to $7.00 and set an "underweight" rating for the company in a research note on Thursday, February 26th. 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, February 26th. Needham & Company LLC cut their target price on Joby Aviation to $18.00 and set a "buy" rating on the stock in a research note on Thursday, February 26th. Canaccord Genuity Group reissued a "hold" rating and set a $15.50 price target on shares of Joby Aviation in a research note on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Joby Aviation in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $13.81.

About Joby Aviation

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.

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