Joby Aviation (NYSE:JOBY) Insider Eric Allison Sells 9,815 Shares

Joby Aviation, Inc. (NYSE:JOBY) insider Eric Allison sold 9,815 shares of Joby Aviation stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $9.88, for a total value of $96,972.20. Following the sale, the insider directly owned 713,268 shares of the company’s stock, valued at $7,047,087.84. This trade represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 value of $16,099.30.
• On Tuesday, January 13th, Eric Allison sold 21,493 shares of Joby Aviation stock. The stock was sold at an average price of $14.84, for a total value of $318,956.12.
• On Friday, January 2nd, Eric Allison sold 5,447 shares of Joby Aviation stock. The stock was sold at an average price of $13.51, for a total value of $73,588.97.
• On Tuesday, December 30th, Eric Allison sold 32,448 shares of Joby Aviation stock. The shares were sold at an average price of $13.25, for a total value of $429,936.00.

Joby Aviation Trading Up 0.8%

JOBY stock opened at $9.98 on Wednesday. Joby Aviation, Inc. has a twelve month low of $4.96 and a twelve month high of $20.95. The company’s 50 day moving average is $13.30 and its two-hundred day moving average is $14.77. The stock has a market cap of $9.10 billion, a P/E ratio of -7.45 and a beta of 2.57.

Hedge Funds Weigh In On Joby Aviation

A number of hedge funds and other institutional investors have recently made changes to their positions in JOBY. Sowell Financial Services LLC acquired a new stake in Joby Aviation during the 3rd quarter valued at $663,000. Pier 88 Investment Partners LLC purchased a new stake in shares of Joby Aviation in the third quarter valued at $635,000. Voya Investment Management LLC boosted its stake in shares of Joby Aviation by 20.0% during the third quarter. Voya Investment Management LLC now owns 1,150,050 shares of the company’s stock valued at $18,562,000 after acquiring an additional 192,064 shares during the last quarter. Valeo Financial Advisors LLC purchased a new stake in Joby Aviation during the 2nd quarter worth about $461,000. Finally, Udine Wealth Management Inc. purchased a new stake in Joby Aviation during the 3rd quarter worth about $1,414,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on JOBY shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Joby Aviation in a research report on Thursday, January 22nd. Canaccord Genuity Group reiterated a “hold” rating and set a $15.50 target price on shares of Joby Aviation in a research report on Tuesday, February 3rd. HC Wainwright reissued a “neutral” rating on shares of Joby Aviation in a research report on Monday, November 24th. The Goldman Sachs Group initiated coverage on Joby Aviation in a research note on Monday, December 1st. They set a “sell” rating and a $10.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on Joby Aviation from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Joby Aviation currently has a consensus rating of “Reduce” and an average price target of $13.21.

Joby Aviation News Roundup

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

• Positive Sentiment: Joby announced a production strategy with Toyota engineers embedded in its facilities and a target of ramping to four aircraft per month by 2027 — a material operational milestone that could lower unit costs and create a competitive manufacturing advantage. Made by Toyota: Joby Aviation Targeting 4 Aircraft Per Month
• Neutral Sentiment: Joby’s January capital raise (~$1B, mix of equity and convertibles) boosted cash above $1B and funds the Dayton facility and ramp — this reduces near-term insolvency risk but also caused short-term dilution that pressured the stock earlier. Made by Toyota: Joby Aviation Targeting 4 Aircraft Per Month
• Negative Sentiment: Multiple insiders sold shares this week, including CEO Joeben Bevirt’s large sale (507,182 shares at ~$9.91 reported Feb. 17) disclosed in an SEC Form 4 — a high-profile block that can be interpreted as meaningful selling pressure even if it’s for diversification or other non-fundamental reasons. CEO Form 4 filing
• Negative Sentiment: Several other executives and insiders (Bonny W. Simi, Eric Allison, Didier Papadopoulos, Gregory Bowles, Kate DeHoff) also reported sales in mid-February, collectively reducing insider stake percentages — additional selling that can sap confidence while the company transitions to production. Sample insider Form 4 filing

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.