Joby Aviation’s chief product officer sells $8,662 in stock

Eric Allison, the Chief Product Officer at Joby Aviation Inc. (NYSE:JOBY), recently sold shares worth $8,662. According to a recent SEC filing, Allison sold 1,155 shares of common stock at an average price of $7.50 per share on February 11, 2025. This transaction was part of a process to cover taxes due upon the release and settlement of restricted stock units (RSUs). The sale comes amid significant stock volatility, with JOBY shares down nearly 9% in the past week despite a strong 46% gain over the last six months, according to InvestingPro data.

On the previous day, February 10, 2025, Allison acquired 3,090 shares through the exercise of RSUs, which were converted into common stock at no cost. Following these transactions, Allison now holds 574,170 shares directly. With the company’s upcoming earnings report scheduled for February 19, InvestingPro subscribers can access 15+ additional exclusive insights and detailed financial metrics to better understand JOBY’s current market position and future prospects.

In other recent news, Joby Aviation, Inc. has made significant strides in its operations and corporate governance. The aircraft manufacturer has revised its bylaws and changed voting rights, aligning its corporate governance with regulatory compliance and modern best practices. The company has also successfully completed a maintenance training program with members of the U.S. Air Force, gaining valuable feedback to refine their in-house maintenance training program.

Analyst firms have been showing positive outlooks for Joby Aviation. Needham & Company raised its price target for the company from $8.00 to $10.00, maintaining a Buy rating based on Joby’s anticipated international launch in the United Arab Emirates and expected domestic regulatory approval. Similarly, Canaccord Genuity analysts increased their price target to $11.50, citing Joby Aviation’s strong position as a leader in the eVTOL air transit networks. H.C. Wainwright also maintained its Buy rating and $9.00 price target, backing the company’s strong regulatory progress and industry leadership outlook.

These are recent developments that reflect Joby Aviation’s ongoing efforts to innovate within the aircraft manufacturing industry, as well as the confidence expressed by various analyst firms in the company’s trajectory.

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