Insider Selling: Joby Aviation (NYSE:JOBY) Insider Sells 74,844 Shares of Stock

Key Points

• Insider selling: Joby Aviation insider Eric Allison sold 74,844 shares at $10.00 each on May 6, totaling about $748,440. The sale was made under a pre-arranged Rule 10b5-1 plan, and it reduced his ownership by roughly 10%.
• Stock and earnings update: Joby shares rose 8.8% to $10.89, while the company recently reported quarterly earnings of -$0.12 per share, beating expectations. Revenue also came in above estimates at $24.25 million.
• Mixed analyst sentiment: Wall Street views remain divided, with some firms maintaining buy ratings and others cutting targets or downgrading the stock. MarketBeat says the consensus rating is Reduce with an average price target of $13.06.

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Eric Allison sold 74,844 shares of Joby Aviation stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $10.00, for a total transaction of $748,440.00. Following the completion of the sale, the insider owned 676,008 shares in the company, valued at $6,760,080. The trade was a 9.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, April 13th, Eric Allison sold 27,698 shares of Joby Aviation stock. The shares were sold at an average price of $8.20, for a total value of $227,123.60.
• On Wednesday, April 8th, Eric Allison sold 826 shares of Joby Aviation stock. The shares were sold at an average price of $8.87, for a total transaction of $7,326.62.
• On Tuesday, March 10th, Eric Allison sold 2,351 shares of Joby Aviation stock. The stock was sold at an average price of $10.25, for a total value of $24,097.75.
• 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 transaction of $16,099.30.

Joby Aviation Trading Up 8.8%

Shares of NYSE:JOBY traded up $0.88 during trading on Friday, reaching $10.89. 35,032,181 shares of the stock were exchanged, compared to its average volume of 27,537,395. Joby Aviation, Inc. has a 12 month low of $6.42 and a 12 month high of $20.95. The stock has a 50-day moving average price of $9.18 and a 200-day moving average price of $12.20. The firm has a market cap of $10.67 billion, a PE ratio of -9.47 and a beta of 2.61.

Joby Aviation (NYSE:JOBY - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.09. The business had revenue of $24.25 million for the quarter, compared to the consensus estimate of $20.17 million. Joby Aviation had a negative net margin of 1,232.62% and a negative return on equity of 73.14%. During the same period in the prior year, the company posted ($0.11) earnings per share. On average, sell-side analysts expect that Joby Aviation, Inc. will post -0.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wall Street Zen downgraded Joby Aviation from a "sell" rating to a "strong sell" rating in a research report on Saturday, May 2nd. Oppenheimer set a $18.00 target price on Joby Aviation in a research report on Thursday, February 26th. Weiss Ratings cut Joby Aviation from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Monday. Needham & Company LLC reaffirmed a "buy" rating and issued a $18.00 price target on shares of Joby Aviation in a research note on Wednesday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Joby Aviation from $8.00 to $7.00 and set an "underweight" rating on the stock in a research note on Thursday, February 26th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, Joby Aviation has an average rating of "Reduce" and a consensus price target of $13.06.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Asset Planning Inc lifted its holdings in shares of Joby Aviation by 70.0% in the third quarter. Asset Planning Inc now owns 1,700 shares of the company's stock worth $27,000 after acquiring an additional 700 shares during the last quarter. Strategic Advocates LLC bought a new position in Joby Aviation in the 3rd quarter valued at approximately $29,000. Canton Hathaway LLC bought a new position in Joby Aviation in the 3rd quarter valued at approximately $29,000. Fifth Third Bancorp boosted its position in 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 buying an additional 1,348 shares in the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Joby Aviation in the fourth quarter valued at approximately $28,000. 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 reported first-quarter results that beat revenue expectations and reaffirmed strong 2026 revenue guidance of $105 million to $115 million, which helped reinforce the bullish case for the stock. Article Title
• Positive Sentiment: The company’s New York City flight milestone and ongoing “initial operations” plans are seen as meaningful steps toward commercial flying taxi service, boosting optimism around future adoption and long-term growth. Article Title
• Positive Sentiment: Commentary around Joby’s accelerating manufacturing and certification progress, including nine FAA-conforming aircraft in production, suggests the company is advancing from R&D toward commercialization readiness. Article Title
• Neutral Sentiment: HC Wainwright kept a Buy rating and $18 price target, but lowered EPS estimates for several future periods, reflecting confidence in the story while acknowledging near-term losses and slower profitability. Article Title
• Negative Sentiment: Canaccord Genuity cut its price target on JOBY and downgraded the stock to Hold, adding to concerns that valuation may have run ahead of fundamentals after the recent rally. Article Title
• Negative Sentiment: Several analyst reports lowered forward earnings estimates, underscoring that Joby is still expected to post losses for the foreseeable future despite improving operational momentum. Article Title

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.

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