Insider Selling: Joby Aviation (NYSE:JOBY) Insider Sells $64,795.50 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Bonny Simi sold 10,890 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $5.95, for a total value of $64,795.50. Following the transaction, the insider directly owned 241,923 shares of the company’s stock, valued at $1,439,441.85. The trade was a 4.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Joby Aviation Stock Performance

NYSE JOBY opened at $5.75 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 17.98 and a quick ratio of 17.98. The stock’s 50 day simple moving average is $6.93 and its 200-day simple moving average is $8.37. The company has a market cap of $5.69 billion, a PE ratio of -5.81 and a beta of 2.66. Joby Aviation, Inc. has a 1-year low of $5.58 and a 1-year high of $18.77.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.25) 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 analysts’ expectations of $30.20 million. During the same quarter in the previous year, the firm posted ($0.41) earnings per share. The firm’s revenue for the quarter was up 257493.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Joby Aviation, Inc. will post -1 EPS for the current fiscal year.

More Joby Aviation News

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

• Positive Sentiment: Joby’s flight operations are adopting BitRipple’s LT3 connectivity system, which combines satellite and cellular networks for real-time, flight-critical telemetry and monitoring. The deployment supports the reliability and operational infrastructure needed for advanced air mobility. BitRipple LT3 Deployed Across Joby Flight Operations
• Positive Sentiment: ARK Invest, led by Cathie Wood, continued to invest in Joby and other flying-taxi companies. The buying provides a favorable signal from a high-profile growth investor, although it does not change Joby’s near-term certification and cash-burn risks. Cathie Wood Bets Big on Flying Taxis
• Neutral Sentiment: A long-term investment analysis argues that JOBY could have substantial upside by 2029 if it secures regulatory approval, launches commercial flights and scales production. However, Joby remains a speculative, loss-making company with no commercial air-taxi service yet, so the projection is highly dependent on execution. Prediction: Here’s What a $5,000 Investment in Joby Aviation Will Be Worth in 3 Years
• Neutral Sentiment: Several insiders, including CEO JoeBen Bevirt, CFO Rodrigo Brumana, Gregory Bowles, Sergey Novikov, Bonny Simi, Kate Dehoff and others, reported share sales. Some transactions were conducted under Rule 10b5-1 plans or to cover tax withholding, limiting their significance, but the concentration of sales may weigh on investor sentiment.
• Negative Sentiment: The $116.9 million verdict is the dominant near-term overhang. It could reduce Joby’s cash runway, increase legal costs and distract management as the company works toward aircraft certification, manufacturing scale-up and commercial operations. Joby Aviation Hit With $116.9 Million Verdict in Trade Secrets Lawsuit

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on JOBY. Cantor Fitzgerald reiterated a “neutral” rating on shares of Joby Aviation in a research report on Monday, September 21st. Susquehanna set a $18.00 price target on shares of Joby Aviation in a research report on Thursday, August 6th. Needham & Company LLC dropped their price objective on shares of Joby Aviation from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Joby Aviation from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen lowered shares of Joby Aviation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $13.81.

Institutional Trading of Joby Aviation

Large investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. boosted its position in shares of Joby Aviation by 116.4% during the 2nd quarter. QRG Capital Management Inc. now owns 33,868 shares of the company’s stock valued at $302,000 after acquiring an additional 18,219 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Joby Aviation by 22.5% during the second quarter. The Manufacturers Life Insurance Company now owns 385,572 shares of the company’s stock worth $3,439,000 after purchasing an additional 70,772 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in Joby Aviation by 46.6% during the second quarter. Integrated Wealth Concepts LLC now owns 57,994 shares of the company’s stock worth $517,000 after purchasing an additional 18,427 shares during the period. NewEdge Advisors LLC raised its stake in Joby Aviation by 37.8% during the second quarter. NewEdge Advisors LLC now owns 53,240 shares of the company’s stock worth $475,000 after purchasing an additional 14,594 shares during the period. Finally, Arizona State Retirement System boosted its holdings in Joby Aviation by 10.2% in the 2nd quarter. Arizona State Retirement System now owns 67,557 shares of the company’s stock valued at $603,000 after purchasing an additional 6,258 shares during the last quarter. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

About Joby Aviation

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.