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

May 9, 2026 by InsiderTrades.com

Key Points

Insider selling: Joby Aviation insider Eric Allison sold 74,844 shares at $10.00 each, totaling about $748,440. The sale was made under a pre-arranged Rule 10b5-1 trading plan and reduced his ownership by nearly 10%.
Quarterly results: Joby reported a smaller-than-expected loss of $0.12 per share for the quarter, beating analyst estimates, while revenue of $24.25 million also topped forecasts. The company remains unprofitable, but results showed some operational improvement.
Stock and analyst outlook: Shares traded up 8.8% to $10.89, but analyst sentiment is mixed, with recent target cuts and downgrades offset by some bullish views. The stock currently carries an average rating of Reduce with an average target price of $13.06.

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Eric Allison sold 74,844 shares of the company's stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $10.00, for a total transaction of $748,440.00. Following the sale, the insider directly owned 676,008 shares in the company, valued at $6,760,080. This represents a 9.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

On Monday, April 13th, Eric Allison sold 27,698 shares of Joby Aviation stock. The stock was sold at an average price of $8.20, for a total transaction 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 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 Trading Up 8.8%

Shares of JOBY stock opened at $10.89 on Friday. Joby Aviation, Inc. has a 1 year low of $6.42 and a 1 year high of $20.95. The firm's 50 day moving average is $9.18 and its 200-day moving average is $12.20. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of -9.47 and a beta of 2.61.

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Joby Aviation (NYSE:JOBY - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.21) by $0.09. Joby Aviation had a negative net margin of 1,232.62% and a negative return on equity of 73.14%. The company had revenue of $24.25 million for the quarter, compared to analyst estimates of $20.17 million. During the same period in the prior year, the business earned ($0.11) earnings per share. On average, equities research analysts forecast that Joby Aviation, Inc. will post -0.82 earnings per share for the current fiscal year.

Key Stories Impacting 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

Joby’s Stock Just Got Its Wings Over New York City

Large investors have recently bought and sold shares of the company. Fifth Third Bancorp increased its stake in Joby Aviation by 207.4% in the fourth quarter. Fifth Third Bancorp now owns 1,998 shares of the company's stock valued at $26,000 after purchasing an additional 1,348 shares in the last quarter. Asset Planning Inc increased its stake in Joby Aviation by 70.0% in the third quarter. Asset Planning Inc now owns 1,700 shares of the company's stock valued at $27,000 after purchasing an additional 700 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Joby Aviation by 284.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company's stock worth $27,000 after acquiring an additional 1,880 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Joby Aviation during the fourth quarter worth $28,000. Finally, Canton Hathaway LLC bought a new stake in shares of Joby Aviation during the third quarter worth $29,000. Institutional investors own 52.85% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Morgan Stanley cut their price objective 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. Weiss Ratings lowered shares of Joby Aviation from a "sell (d-)" rating to a "sell (e+)" rating in a report on Monday. Canaccord Genuity Group cut their price objective on shares of Joby Aviation from $15.50 to $11.50 and set a "hold" rating on the stock in a report on Thursday. HC Wainwright restated a "buy" rating and issued a $18.00 price objective on shares of Joby Aviation in a report on Thursday, March 12th. Finally, Wall Street Zen lowered shares of Joby Aviation from a "sell" rating to a "strong sell" rating in a report on Saturday, May 2nd. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Joby Aviation currently has an average rating of "Reduce" and an average target price of $13.06.

View Our Latest Analysis on Joby Aviation

About Joby Aviation

(Get Free Report)

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.