Insider Selling: Joby Aviation (NYSE:JOBY) Insider Sells $64,795.50 in Stock

by · The Markets Daily

Joby Aviation, Inc. (NYSE:JOBY – Get Free Report) insider Bonny Simi sold 10,890 shares of the stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $5.95, for a total value of $64,795.50. Following the completion of the transaction, the insider owned 241,923 shares in the company, valued at $1,439,441.85. The trade was a 4.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Joby Aviation Trading Down 2.6%

Shares of NYSE JOBY traded down $0.15 during midday trading on Monday, hitting $5.79. The stock had a trading volume of 21,327,477 shares, compared to its average volume of 31,249,814. The company’s 50-day simple moving average is $7.01 and its 200 day simple moving average is $8.46. The firm has a market cap of $5.73 billion, a P/E ratio of -5.85 and a beta of 2.66. Joby Aviation, Inc. has a fifty-two week low of $5.72 and a fifty-two week high of $19.98. The company has a debt-to-equity ratio of 0.40, a current ratio of 17.98 and a quick ratio of 17.98.

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

Hedge Funds Weigh In On Joby Aviation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JOBY. QRG Capital Management Inc. grew its position in shares of Joby Aviation by 116.4% during the 2nd quarter. QRG Capital Management Inc. now owns 33,868 shares of the company’s stock worth $302,000 after buying an additional 18,219 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Joby Aviation by 22.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 385,572 shares of the company’s stock worth $3,439,000 after acquiring an additional 70,772 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in Joby Aviation by 46.6% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 57,994 shares of the company’s stock worth $517,000 after acquiring an additional 18,427 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Joby Aviation by 37.8% during the second quarter. NewEdge Advisors LLC now owns 53,240 shares of the company’s stock valued at $475,000 after purchasing an additional 14,594 shares during the period. Finally, Arizona State Retirement System grew its holdings in Joby Aviation by 10.2% during the second quarter. Arizona State Retirement System now owns 67,557 shares of the company’s stock valued at $603,000 after purchasing an additional 6,258 shares during the period. Institutional investors own 52.85% of the company’s stock.

Joby Aviation News Roundup

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on JOBY. Wall Street Zen lowered 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 research note 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. HC Wainwright reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Joby Aviation in a research note on Monday, September 21st. Finally, Needham & Company LLC dropped their target price on shares of Joby Aviation from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Joby Aviation presently has a consensus rating of “Reduce” and an average target price of $13.81.

Check Out Our Latest Research Report on Joby Aviation

Joby Aviation Company Profile

(Get Free Report)

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.

Featured Stories