Joby Aviation chief policy officer sells $38,976 in stock

Gregory Bowles, Joby Aviation's Chief Policy Officer, sold 6,138 shares of the company's stock on September 21, 2026. The sale, conducted under a pre-established 10b5-1 plan, generated $38,976. The stock's recent performance has been down about 61% from its 52-week high. Despite the drop, InvestingPro suggests Joby's stock is somewhat undervalued.

Mr. Bowles also bought back 4,322 shares on the same day, amounting to $3,760. He currently owns 190,170 shares and 22,193 stock options in the company. Joby Aviation reported a significant revenue increase in Q2 2026, reaching $38.6 million, up from $15,000 in the previous year. This growth was largely driven by the Blade passenger business, which saw over a 50% increase in seats flown.

The company also acquired Resonant Sciences, a defense tech firm, for around $500 million. Analysts have responded positively to these developments, with H.C. Wainwright upgrading its rating to Buy and setting a price target of $18.