Joby Aviation (NYSE:JOBY) Stock: Insider Gregory Bowles Sells 7,663 Shares

Joby Aviation, Inc. (NYSE:JOBY) insider Gregory Bowles sold 7,663 shares of the company’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $5.95, for a total transaction of $45,594.85. Following the sale, the insider directly owned 199,006 shares of the company’s stock, valued at approximately $1,184,085.70. This represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, September 21st, Gregory Bowles sold 6,138 shares of Joby Aviation stock. The stock was sold at an average price of $6.35, for a total transaction of $38,976.30.
• On Tuesday, August 25th, Gregory Bowles sold 4,575 shares of Joby Aviation stock. The stock was sold at an average price of $7.23, for a total transaction of $33,077.25.
• On Monday, August 24th, Gregory Bowles sold 3,531 shares of Joby Aviation stock. The shares were sold at an average price of $7.34, for a total transaction of $25,917.54.

Joby Aviation Stock Performance

JOBY stock traded down $0.15 during mid-day trading on Monday, reaching $5.79. 21,327,477 shares of the stock traded hands, compared to its average volume of 31,249,814. The firm has a market capitalization of $5.73 billion, a PE ratio of -5.85 and a beta of 2.66. The business has a 50-day moving average of $7.01 and a two-hundred day moving average of $8.46. Joby Aviation, Inc. has a 52 week low of $5.72 and a 52 week high of $19.98. The company has a quick ratio of 17.98, a current ratio of 17.98 and a debt-to-equity ratio of 0.40.

Joby Aviation (NYSE:JOBY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $38.64 million during the quarter, compared to the consensus estimate of $30.20 million. During the same quarter in the previous year, the firm posted ($0.41) earnings per share. The company’s revenue for the quarter was up 257493.3% on a year-over-year basis. As a group, equities analysts predict that Joby Aviation, Inc. will post -1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JOBY. Renaissance Technologies LLC boosted its holdings in Joby Aviation by 194.5% during the first quarter. Renaissance Technologies LLC now owns 4,005,200 shares of the company’s stock valued at $33,083,000 after purchasing an additional 2,645,200 shares in the last quarter. Norges Bank acquired a new stake in Joby Aviation in the 4th quarter valued at $32,269,000. Clear Street Group Inc. grew its position in Joby Aviation by 59.9% in the fourth quarter. Clear Street Group Inc. now owns 3,593,043 shares of the company’s stock valued at $47,428,000 after acquiring an additional 1,346,205 shares during the period. USS Investment Management Ltd bought a new position in shares of Joby Aviation during the first quarter valued at $8,868,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Joby Aviation by 971.4% in the 4th quarter. BNP Paribas Financial Markets now owns 1,002,005 shares of the company’s stock valued at $13,226,000 after purchasing an additional 908,486 shares in the last quarter. Institutional investors own 52.85% of the company’s stock.

Key Joby Aviation News

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

• Positive Sentiment: Joby has raised its 2026 revenue outlook, and recent revenue exceeded analyst expectations. A White House-backed pilot program could also support future demand for electric air-taxi services. However, much of the current revenue growth is coming from Blade, the helicopter passenger business acquired by Joby, rather than from Joby’s own aircraft. Joby Aviation Is Near Its 52-Week Low With 91% Upside. The Catch Is Real
• Neutral Sentiment: Multiple Joby insiders, including CEO JoeBen Bevirt, CFO Rodrigo Brumana and directors and executives Kate Dehoff, Bonny Simi, Gregory Bowles, Sergey Novikov and Eric Allison, sold shares at approximately $5.95. The sales collectively involved about 59,000 shares and were disclosed as sales to cover tax-withholding obligations tied to vested equity awards, making them less concerning than discretionary insider selling. SEC insider transaction filing
• Negative Sentiment: A federal court reportedly dismissed or narrowed several claims in Joby’s legal dispute with Archer Aviation, giving Archer some relief and weakening Joby’s position in the litigation. Archer Aviation Gets Legal Relief as Court Dismisses Some Joby Claims
• Negative Sentiment: Investors remain concerned that Joby’s core air-taxi business has not yet entered commercial service. The company continues to face certification and execution risks, ongoing losses and the possibility that additional capital needs could dilute shareholders. Should You Be Worried About Joby Stock?
• Negative Sentiment: Director Paul Sciarra also reported selling 62,500 shares under a Rule 10b5-1 trading plan, adding to the recent flow of insider-sale headlines even though the transaction was preplanned. Joby Aviation Director Paul Sciarra Sells 62,500 Shares via Rule 10b5-1 Trading Plan

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Susquehanna set a $18.00 price target on Joby Aviation in a report on Thursday, August 6th. Weiss Ratings raised shares of Joby Aviation from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Wall Street Zen cut shares of Joby Aviation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Barclays raised shares of Joby Aviation to a “hold” rating in a report on Wednesday, July 29th. Finally, HC Wainwright restated a “buy” rating and issued a $18.00 price target on shares of Joby Aviation in a research report on Monday, September 21st. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $13.81.

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.