Joby Aviation chief policy officer sells $30,645 in stock

Gregory Bowles, Joby Aviation's Chief Policy Officer, divested a portion of his stock holdings on October 5, 2026, selling 5,302 shares. The transactions occurred at prices between $5.72 and $5.87 per share, averaging $5.78, resulting in a total of $30,645 from the sale. This move comes as Joby's stock price hovers near its 52-week low of $5.23, marking a 67% decline over the previous year.

The sale was facilitated through a pre-arranged 10b5-1 trading plan, which Bowles established on May 19, 2026. Post-sale, Bowles remains a shareholder with 193,704 shares of Joby Aviation common stock. Investors can access 16 additional insights from InvestingPro, including detailed Pro Research Reports for JOBY, a company with a Fair Value of $6.53 based on current stock prices.

Joby Aviation reported robust revenue growth in its second quarter of 2026, reaching $38.6 million, up from approximately $15,000 in the same quarter the prior year and $24.2 million in Q1 2026. This surpasses analysts' expectations of $29-30 million, with the Blade passenger business contributing $36.2 million, reflecting a more than 50% year-over-year increase in seat occupancy.

The company also disclosed a definitive agreement to acquire Resonant Sciences, a defense technology firm, for approximately $500 million, aiming to bolster its defense business. With Resonant Sciences' trailing-twelve-month revenue at over $100 million, representing a 40% year-over-year growth, the acquisition will significantly enhance Joby Aviation's portfolio.

Stock analysts have varying opinions on Joby Aviation, with Cantor Fitzgerald maintaining a Neutral rating and H.C. Wainwright issuing a Buy rating with an $18.00 price target following a cross-country autonomous flight milestone announcement. Moreover, Joby Aviation filed a prospectus supplement with the SEC, proposing the resale of over 2.4 million shares tied to its recent acquisitions.