Joby Aviation (NYSE:JOBY) Stock: Insider Sergey Novikov Sells 2,965 Shares

Joby Aviation, Inc. (NYSE:JOBY) insider Sergey Novikov sold 2,965 shares of Joby Aviation stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $5.95, for a total transaction of $17,641.75. Following the transaction, the insider directly owned 48,681 shares in the company, valued at $289,651.95. This represents a 5.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Joby Aviation Price Performance

Shares of NYSE JOBY traded down $0.15 during midday trading on Monday, reaching $5.79. The stock had a trading volume of 21,327,477 shares, compared to its average volume of 31,249,814. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of -5.85 and a beta of 2.66. Joby Aviation, Inc. has a 12-month low of $5.72 and a 12-month high of $19.98. The stock has a 50-day moving average of $7.01 and a 200-day moving average of $8.46. The company has a debt-to-equity ratio of 0.40, a quick ratio of 17.98 and a current ratio of 17.98.

Joby Aviation (NYSE:JOBY) last released its earnings results on Wednesday, August 5th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.02). Joby Aviation had a negative net margin of 755.11% and a negative return on equity of 55.29%. The firm had revenue of $38.64 million for the quarter, compared to analysts’ expectations of $30.20 million. During the same quarter last year, the firm posted ($0.41) EPS. The firm’s quarterly revenue was up 257493.3% compared to the same quarter last year. As a group, research analysts anticipate that Joby Aviation, Inc. will post -1 EPS for the current fiscal year.

Joby Aviation News Summary

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

Institutional Investors Weigh In On Joby Aviation

Several large investors have recently bought and sold shares of the business. QRG Capital Management Inc. increased its stake in Joby Aviation by 116.4% during the second quarter. QRG Capital Management Inc. now owns 33,868 shares of the company’s stock worth $302,000 after acquiring an additional 18,219 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Joby Aviation by 22.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 385,572 shares of the company’s stock valued at $3,439,000 after purchasing an additional 70,772 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in Joby Aviation by 46.6% in the second quarter. Integrated Wealth Concepts LLC now owns 57,994 shares of the company’s stock worth $517,000 after buying an additional 18,427 shares during the last quarter. NewEdge Advisors LLC boosted 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 buying an additional 14,594 shares during the period. Finally, Arizona State Retirement System boosted its stake in Joby Aviation by 10.2% during the second quarter. Arizona State Retirement System now owns 67,557 shares of the company’s stock worth $603,000 after buying an additional 6,258 shares during the period. Institutional investors own 52.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JOBY. Susquehanna set a $18.00 price target on Joby Aviation in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of Joby Aviation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. Barclays upgraded shares of Joby Aviation to a “hold” rating in a research report on Wednesday, July 29th. 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, Cantor Fitzgerald restated a “neutral” rating 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 given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $13.81.

Joby Aviation Company Profile

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.