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

Joby Aviation, Inc. (NYSE:JOBY) insider Eric Allison sold 2,351 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $10.25, for a total value of $24,097.75. Following the sale, the insider owned 715,476 shares of the company’s stock, valued at approximately $7,333,629. This represents a 0.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 transaction 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.
• 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 transaction 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 transaction 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 transaction of $429,936.00.

Joby Aviation Trading Up 2.0%

Shares of JOBY traded up $0.20 on Friday, reaching $9.94. The company’s stock had a trading volume of 3,886,437 shares, compared to its average volume of 28,234,939. Joby Aviation, Inc. has a twelve month low of $4.96 and a twelve month high of $20.95. The stock has a market capitalization of $9.06 billion, a PE ratio of -8.74 and a beta of 2.59. The firm has a fifty day moving average of $11.88 and a 200-day moving average of $13.97.

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

Hedge Funds Weigh In On Joby Aviation

Several institutional investors have recently added to or reduced their stakes in JOBY. Royal Bank of Canada boosted its stake in Joby Aviation by 110.5% in the first quarter. Royal Bank of Canada now owns 85,070 shares of the company’s stock valued at $512,000 after acquiring an additional 44,659 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of Joby Aviation during the 1st quarter worth approximately $273,000. Strs Ohio purchased a new stake in shares of Joby Aviation during the 1st quarter worth approximately $37,000. Envestnet Asset Management Inc. raised its holdings in shares of Joby Aviation by 26.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 42,169 shares of the company’s stock worth $445,000 after purchasing an additional 8,741 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in shares of Joby Aviation by 7.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 29,793 shares of the company’s stock worth $314,000 after purchasing an additional 1,943 shares during the period. Institutional investors 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: Major certification progress — Joby began flight testing its first FAA‑conforming aircraft as part of the Type Inspection Authorization (TIA) process, moving the company from prototype testing toward formal FAA evaluation for commercial operations. This materially de‑risks the certification pathway if testing proceeds smoothly. Joby’s First FAA-Conforming Aircraft Takes Flight
• Positive Sentiment: First production air‑taxi flown — Joby reported the maiden flight of its first production-model electric air taxi, a key step toward TIA and eventual type certification. This supports the company’s timeline for early commercial operations. Joby’s first production model takes off
• Positive Sentiment: Federal pilot programs & launch runway — Joby was selected for the DOT/FAA Advanced Air Mobility pilot (eIPP), enabling early operations across multiple states; company statements and local reports say U.S. air‑taxi service could begin in the coming months. These help shorten commercial ramp risk if operations scale as planned. Joby Aviation Joins Federal eIPP
• Positive Sentiment: Institutional interest — ARK Invest increased its JOBY position amid the FAA/DOT developments, signaling conviction from an active thematic investor. Cathie Wood Bets On Joby
• Neutral Sentiment: Long‑term market case highlighted — commentary and longer‑term bull notes (e.g., market size estimates and optionality across mobility/defense) underscore upside if Joby commercializes, but those are conditional on certification and scale. Could This Aviation Stock Turn $1,000 Into $100,000?
• Neutral Sentiment: Analyst mix — coverage remains split with several cautious price targets and a consensus “Reduce”; that keeps near‑term sell pressure possible despite long‑term optionality. MarketBeat analyst roundup
• Negative Sentiment: Legal/competitive friction — rival Archer filed/updated a countersuit alleging undisclosed China ties and related claims; the dispute raises potential supply‑chain, regulatory and reputational risks that can sap investor confidence. Context on disputes
• Negative Sentiment: Clustered insider selling — multiple senior executives (including the CEO and other officers) disclosed sales over the last two days. While amounts are small relative to total holdings, clustered sales often trigger short‑term selling and investor caution. SEC insider sale filings
• Negative Sentiment: Technical/valuation pressure — the stock is trading below its 50‑ and 200‑day moving averages and faces a consensus average target below some prior highs, making it vulnerable to momentum‑driven declines despite positive operational headlines. Joby stock data

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. HC Wainwright reissued a “buy” rating and issued a $18.00 price target on shares of Joby Aviation in a research report on Thursday. JPMorgan Chase & Co. lowered their target price on shares of Joby Aviation from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Thursday, February 26th. Needham & Company LLC cut their price target on shares of Joby Aviation to $18.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. The Goldman Sachs Group initiated coverage on shares of Joby Aviation in a research report on Monday, December 1st. They issued a “sell” rating and a $10.00 price objective for the company. Finally, Oppenheimer set a $18.00 price objective on shares of Joby Aviation in a research note on Thursday, February 26th. Two 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’s stock. Based on data from MarketBeat, the company presently 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.