Gregory Bowles Sells 5,383 Shares of Joby Aviation (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Gregory Bowles sold 5,383 shares of the stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $14.72, for a total transaction of $79,237.76. Following the sale, the insider directly owned 162,674 shares in the company, valued at approximately $2,394,561.28. The trade was a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Gregory Bowles also recently made the following trade(s):

• On Tuesday, January 13th, Gregory Bowles sold 894 shares of Joby Aviation stock. The shares were sold at an average price of $14.83, for a total transaction of $13,258.02.
• On Friday, January 2nd, Gregory Bowles sold 4,194 shares of Joby Aviation stock. The shares were sold at an average price of $13.51, for a total transaction of $56,660.94.
• On Tuesday, November 25th, Gregory Bowles sold 3,931 shares of Joby Aviation stock. The stock was sold at an average price of $13.72, for a total value of $53,933.32.
• On Monday, November 24th, Gregory Bowles sold 4,604 shares of Joby Aviation stock. The shares were sold at an average price of $13.31, for a total value of $61,279.24.

Joby Aviation Stock Performance

Shares of Joby Aviation stock traded up $0.30 on Wednesday, reaching $15.11. The company had a trading volume of 20,695,715 shares, compared to its average volume of 28,610,189. Joby Aviation, Inc. has a 52-week low of $4.96 and a 52-week high of $20.95. The firm’s 50 day moving average price is $14.53 and its two-hundred day moving average price is $15.17. The firm has a market cap of $13.78 billion, a PE ratio of -11.28 and a beta of 2.56.

Joby Aviation (NYSE:JOBY) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.29). The firm had revenue of $22.57 million during the quarter, compared to analyst estimates of $0.02 million. During the same period in the prior year, the company posted ($0.21) earnings per share. The business’s quarterly revenue was up 7962.1% on a year-over-year basis. As a group, sell-side analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Joby Aviation News Roundup

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

• Positive Sentiment: Joby will expand manufacturing capacity with an acquisition of a new Ohio facility — the move should help scale production and shorten time-to-delivery as Joby ramps toward commercial service, supporting long‑term revenue and margin improvement. Read More.
• Positive Sentiment: Joby partnered with Metropolis to build 25 vertiports across the U.S., a key infrastructure deal that de‑risks market access and supports launch plans for its air‑taxi service — this increases the credibility of near‑term commercialization and potential localized recurring revenue streams. Read More.
• Negative Sentiment: Multiple insiders (including CEO Joeben Bevirt, CFO Rodrigo Brumana and several senior executives) sold shares across filings on Jan. 13–14 — aggregating into sizable, public reductions of insider positions. While insider sales can reflect diversification or liquidity needs, the breadth and scale of the transactions can be interpreted as a near‑term negative signal by investors. See representative SEC Form 4 filing (CEO). Read More.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Asset Planning Inc lifted its stake in Joby Aviation by 70.0% during the third quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after purchasing an additional 700 shares during the period. Strategic Advocates LLC acquired a new position in Joby Aviation in the third quarter valued at about $29,000. Canton Hathaway LLC bought a new stake in Joby Aviation during the 3rd quarter worth approximately $29,000. Hilltop National Bank acquired a new stake in shares of Joby Aviation in the third quarter valued at $32,000. Finally, Ancora Advisors LLC bought a new position in Joby Aviation in the 3rd quarter worth approximately $35,000. 52.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JOBY has been the topic of several analyst reports. HC Wainwright reaffirmed a “neutral” rating on shares of Joby Aviation in a research note on Monday, November 24th. Zacks Research upgraded Joby Aviation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. raised their target price on Joby Aviation from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Friday, October 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group initiated coverage on shares of Joby Aviation in a report on Monday, December 1st. They issued a “sell” rating and a $10.00 target price on the stock. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Joby Aviation has a consensus rating of “Reduce” and a consensus price target of $13.43.

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.