Eric Allison Sells 21,493 Shares of Joby Aviation (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Eric Allison sold 21,493 shares of the business’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $14.84, for a total value of $318,956.12. Following the sale, the insider owned 702,604 shares in the company, valued at approximately $10,426,643.36. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

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

Joby Aviation Stock Performance

Shares of NYSE JOBY opened at $15.27 on Friday. Joby Aviation, Inc. has a 52-week low of $4.96 and a 52-week high of $20.95. The firm has a 50 day moving average price of $14.55 and a two-hundred day moving average price of $15.17. The stock has a market cap of $13.93 billion, a P/E ratio of -11.40 and a beta of 2.56.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.29). The firm had revenue of $22.57 million for the quarter, compared to the consensus estimate of $0.02 million. The business’s revenue for the quarter was up 7962.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.21) EPS. Analysts predict that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Institutional Trading of Joby Aviation

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in shares of Joby Aviation by 110.5% during the 1st quarter. Royal Bank of Canada now owns 85,070 shares of the company’s stock valued at $512,000 after acquiring an additional 44,659 shares during the period. AQR Capital Management LLC acquired a new position in shares of Joby Aviation during the first quarter valued at about $273,000. Intech Investment Management LLC boosted its position in shares of Joby Aviation by 70.4% during the 1st quarter. Intech Investment Management LLC now owns 307,135 shares of the company’s stock worth $1,849,000 after purchasing an additional 126,908 shares in the last quarter. Strs Ohio bought a new position in shares of Joby Aviation during the 1st quarter worth about $37,000. Finally, NBC Securities Inc. grew its stake in shares of Joby Aviation by 35.1% in the 2nd quarter. NBC Securities Inc. now owns 142,855 shares of the company’s stock valued at $1,507,000 after buying an additional 37,120 shares during the period. Institutional investors and hedge funds own 52.85% of the company’s stock.

Analysts Set New Price Targets

JOBY has been the subject of a number of analyst reports. The Goldman Sachs Group assumed coverage on Joby Aviation in a research report on Monday, December 1st. They set a “sell” rating and a $10.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on shares of Joby Aviation from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Joby Aviation in a research note on Wednesday, October 8th. Needham & Company LLC reissued a “buy” rating and set a $22.00 target price on shares of Joby Aviation in a research note on Thursday, November 6th. Finally, Morgan Stanley boosted their target price on shares of Joby Aviation from $7.00 to $15.00 and gave the company an “equal weight” rating in a report on Thursday, October 9th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $13.43.

More Joby Aviation News

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

• Positive Sentiment: Joby announced an expansion of manufacturing capacity with an acquisition of a facility in Ohio — a move that should help scale production, shorten time‑to‑delivery and support commercialization and margin improvement as operations ramp. Acquisition Article
• Positive Sentiment: Joby struck a partnership with Metropolis to build ~25 vertiports across the U.S., de‑risking infrastructure needs for its air‑taxi rollout and improving the credibility of near‑term revenue opportunities from localized services. Vertiports Article
• Neutral Sentiment: Analyst coverage remains mixed — consensus ratings lean toward “Reduce” with an average price target around $13.43, while a handful of firms maintain Buy/Hold views. This keeps near‑term analyst catalysts limited.
• Neutral Sentiment: Institutional ownership is significant (~53%), and small recent position changes by smaller funds are unlikely to move the stock materially on their own.
• Negative Sentiment: A broad set of insiders sold shares on Jan. 13–14, including CEO Joeben Bevirt, CFO Rodrigo Brumana and other senior execs — many filings show multi‑thousand share sales (e.g., Kate Dehoff sold 28,260 shares; Eric Allison sold 21,493 shares). The scale and breadth of these Form 4 filings can be interpreted as a short‑term negative signal to investors. See a representative SEC filing (CEO). CEO Form 4

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.