Joby Aviation (NYSE:JOBY) Insider Eric Allison Sells 74,844 Shares

Joby Aviation, Inc. (NYSE:JOBY) 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 directly owned 676,008 shares of the company’s stock, valued at approximately $6,760,080. The trade was a 9.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction 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 shares were sold at an average price of $10.25, for a total transaction 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 transaction of $96,972.20.
• On Tuesday, February 10th, Eric Allison sold 1,526 shares of Joby Aviation stock. The shares were sold at an average price of $10.55, for a total transaction of $16,099.30.

Joby Aviation Trading Up 8.8%

JOBY stock opened at $10.89 on Friday. Joby Aviation, Inc. has a 1 year low of $6.42 and a 1 year high of $20.95. The company has a fifty day simple moving average of $9.18 and a 200 day simple moving average 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) last announced its earnings results on Tuesday, May 5th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.09. The firm 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 quarter last year, the firm posted ($0.11) EPS. As a group, analysts forecast that Joby Aviation, Inc. will post -0.82 EPS for the current fiscal year.

Joby Aviation News Summary

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

Wall Street Analyst Weigh In

Several brokerages recently commented on JOBY. JPMorgan Chase & Co. dropped their target price on shares of Joby Aviation from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Thursday, February 26th. Canaccord Genuity Group dropped their target price on shares of Joby Aviation from $15.50 to $11.50 and set a “hold” rating on the stock in a report on Thursday. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 target price on shares of Joby Aviation in a report on Wednesday. Wall Street Zen downgraded shares of Joby Aviation from a “sell” rating to a “strong sell” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings downgraded shares of Joby Aviation from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. Two equities 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, the company presently has a consensus rating of “Reduce” and an average target price of $13.06.

Institutional Trading of Joby Aviation

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pier 88 Investment Partners LLC bought a new stake in Joby Aviation in the third quarter valued at about $635,000. Udine Wealth Management Inc. bought a new stake in Joby Aviation in the third quarter valued at about $1,414,000. Kemnay Advisory Services Inc. bought a new stake in Joby Aviation in the third quarter valued at about $2,830,000. Kingsview Wealth Management LLC increased its stake in Joby Aviation by 838.2% in the third quarter. Kingsview Wealth Management LLC now owns 96,759 shares of the company’s stock valued at $1,562,000 after acquiring an additional 86,446 shares during the period. Finally, New York State Common Retirement Fund increased its stake in Joby Aviation by 32.6% in the third quarter. New York State Common Retirement Fund now owns 193,856 shares of the company’s stock valued at $3,129,000 after acquiring an additional 47,705 shares during the period. Institutional investors own 52.85% of the company’s stock.

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.