Eric Allison Sells 27,698 Shares of Joby Aviation (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Eric Allison sold 27,698 shares of the company’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $8.20, for a total transaction of $227,123.60. Following the transaction, the insider owned 750,852 shares of the company’s stock, valued at $6,156,986.40. This trade represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• 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 transaction of $7,326.62.
• On Tuesday, March 10th, Eric Allison sold 2,351 shares of Joby Aviation stock. The stock was sold at an average price of $10.25, for a total transaction 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 Performance

Shares of NYSE:JOBY opened at $9.14 on Thursday. The company has a fifty day moving average of $9.43 and a 200-day moving average of $13.02. The company has a market capitalization of $8.33 billion, a PE ratio of -8.01 and a beta of 2.68. Joby Aviation, Inc. has a 52-week low of $5.61 and a 52-week high of $20.95.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings results on Wednesday, February 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.06. The company had revenue of $30.84 million for the quarter, compared to analyst estimates of $16.88 million. The firm’s quarterly revenue was up 5506.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.34) earnings per share. On average, equities analysts forecast that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Key Headlines Impacting Joby Aviation

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

• Positive Sentiment: Bullish analysis highlights Joby’s improving balance sheet and a widening competitive moat tied to certification progress and monetization potential — feeds investor optimism on long?term upside. Read More.
• Positive Sentiment: Mainstream retail coverage names Joby among multi?year “monster” growth stocks, which can attract growth?oriented buyers and retail flows into the stock. Read More.
• Positive Sentiment: Technical/market commentary suggests Joby may be approaching a breakout zone, which can prompt momentum buying if price and volume confirm. Read More.
• Neutral Sentiment: Multiple insider sales by Eric Allison and Kate Dehoff were disclosed (mid?April). Company states many trades were to cover tax withholding from vested awards and executed under Rule 10b5?1 plans — this reduces negative reading but increases share supply into the market. Read More.
• Negative Sentiment: A skeptical Seeking Alpha piece argues Joby is still a speculative investment despite certification momentum, underscoring execution risk and valuation concerns that could limit upside from here. Read More.
• Negative Sentiment: Recent analyst actions and MarketBeat roundup show mixed-to-cautious analyst sentiment (some price target cuts, an underweight from JPMorgan and a consensus “Reduce”), which can cap rallies until clearer certification/revenue milestones arrive. Read More.

Institutional Trading of Joby Aviation

A number of institutional investors and hedge funds have recently bought and sold shares of JOBY. Vanguard Group Inc. increased its holdings in Joby Aviation by 13.2% in 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 Joby Aviation in the third quarter valued at $40,283,000. Norges Bank acquired a new stake in Joby Aviation in the fourth quarter valued at $32,269,000. Clear Street Group Inc. bought a new stake in Joby Aviation during the third quarter valued at $36,264,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Joby Aviation by 80.8% during the 4th 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 during the period. 52.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on JOBY shares. HC Wainwright reiterated a “buy” rating and set a $18.00 price target on shares of Joby Aviation in a report on Thursday, March 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a report on Thursday, January 22nd. JPMorgan Chase & Co. decreased their price objective on Joby Aviation from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Thursday, February 26th. Oppenheimer set a $18.00 price objective on Joby Aviation in a report on Thursday, February 26th. Finally, Needham & Company LLC decreased their price objective on Joby Aviation to $18.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Two research analysts have rated the stock with a Buy rating, four have assigned 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 a consensus price target of $13.81.

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.