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

Joby Aviation, Inc. (NYSE:JOBY) insider Eric Allison sold 74,844 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $10.00, for a total value of $748,440.00. Following the sale, the insider owned 676,008 shares in the company, valued at $6,760,080. This represents a 9.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 value of $227,123.60.
• On Wednesday, April 8th, Eric Allison sold 826 shares of Joby Aviation stock. The stock was sold at an average price of $8.87, for a total value 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 value of $24,097.75.
• On Friday, February 13th, Eric Allison sold 9,815 shares of Joby Aviation stock. The stock was 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 stock was sold at an average price of $10.55, for a total transaction of $16,099.30.

Joby Aviation Stock Up 8.8%

NYSE JOBY traded up $0.88 on Friday, hitting $10.89. The company’s stock had a trading volume of 35,032,181 shares, compared to its average volume of 27,537,395. Joby Aviation, Inc. has a 1-year low of $6.42 and a 1-year high of $20.95. The company’s 50-day moving average is $9.18 and its 200 day moving average is $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 issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.09. The company had revenue of $24.25 million for the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted ($0.11) earnings per share. On average, equities analysts expect that Joby Aviation, Inc. will post -0.84 EPS for the current year.

Trending Headlines about Joby Aviation

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

Institutional Investors Weigh In On Joby Aviation

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Joby Aviation by 13.2% during the third quarter. Vanguard Group Inc. now owns 49,948,325 shares of the company’s stock valued at $806,166,000 after purchasing an additional 5,828,189 shares during the period. Man Group plc acquired a new stake in shares of Joby Aviation in the 3rd quarter valued at about $40,283,000. Norges Bank bought a new stake in Joby Aviation in the 4th quarter valued at about $32,269,000. Clear Street Group Inc. acquired a new position in Joby Aviation during the 3rd quarter worth approximately $36,264,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Joby Aviation by 80.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,384,180 shares of the company’s stock worth $44,672,000 after acquiring an additional 1,512,094 shares in the last quarter. 52.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Canaccord Genuity Group lowered their price target on shares of Joby Aviation from $15.50 to $11.50 and set a “hold” rating for the company in a report on Thursday. Wall Street Zen downgraded shares of Joby Aviation from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 2nd. Morgan Stanley dropped their target price on shares of Joby Aviation from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. decreased their price target on Joby Aviation from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Thursday, February 26th. Finally, Weiss Ratings lowered Joby Aviation from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $13.06.

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.