ARK Investment Management LLC Sells 496,944 Shares of Joby Aviation, Inc. $JOBY

ARK Investment Management LLC reduced its holdings in shares of Joby Aviation, Inc. (NYSE:JOBY) by 14.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,010,461 shares of the company’s stock after selling 496,944 shares during the quarter. ARK Investment Management LLC’s holdings in Joby Aviation were worth $48,589,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Insigneo Advisory Services LLC purchased a new position in shares of Joby Aviation during the third quarter valued at approximately $376,000. Nautilus Advisors LLC lifted its stake in Joby Aviation by 12.9% during the 3rd quarter. Nautilus Advisors LLC now owns 12,700 shares of the company’s stock valued at $205,000 after acquiring an additional 1,450 shares in the last quarter. Legato Capital Management LLC purchased a new position in Joby Aviation during the 3rd quarter worth $675,000. Victory Capital Management Inc. grew its stake in shares of Joby Aviation by 2.8% in the 3rd quarter. Victory Capital Management Inc. now owns 54,807 shares of the company’s stock worth $885,000 after acquiring an additional 1,499 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in shares of Joby Aviation by 838.2% in the third quarter. Kingsview Wealth Management LLC now owns 96,759 shares of the company’s stock valued at $1,562,000 after purchasing an additional 86,446 shares during the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

Joby Aviation Price Performance

Joby Aviation stock opened at $9.90 on Thursday. The firm has a market capitalization of $9.03 billion, a P/E ratio of -8.68 and a beta of 2.59. Joby Aviation, Inc. has a one year low of $4.96 and a one year high of $20.95. The business has a fifty day moving average price of $12.33 and a 200-day moving average price of $14.18.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings results on Wednesday, February 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06. The firm had revenue of $30.84 million during the quarter, compared to analysts’ expectations of $16.88 million. During the same period in the previous year, the company posted ($0.34) earnings per share. The company’s quarterly revenue was up 5506.5% compared to the same quarter last year. Sell-side analysts expect that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Eric Allison sold 32,448 shares of the stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $13.25, for a total value of $429,936.00. Following the transaction, the insider owned 659,980 shares of the company’s stock, valued at $8,744,735. This represents a 4.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joeben Bevirt sold 507,182 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $10.62, for a total value of $5,386,272.84. Following the transaction, the chief executive officer owned 31,997,802 shares in the company, valued at $339,816,657.24. This trade represents a 1.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,470,074 shares of company stock valued at $16,083,913 in the last ninety days. Corporate insiders own 28.50% of the company’s stock.

Key Headlines Impacting Joby Aviation

Here are the key news stories impacting Joby Aviation this week:

• Positive Sentiment: Uber deal advances commercialization: Uber will integrate Joby flights into its app and support Dubai operations, speeding customer access and revenue opportunities as Joby readies commercial service. Uber platform to support Joby Dubai air taxi operations
• Positive Sentiment: Street support for the Uber-Air strategy: Morgan Stanley’s favorable take on Uber’s integration raised investor confidence that Joby can monetize rides via an established booking platform, a near-term demand catalyst. Joby Stock Gains After Morgan Stanley Backs Uber Air Strategy
• Positive Sentiment: FAA certification timeline improving commercial outlook: Reports note Joby expects FAA certification this year, which would be a critical regulatory milestone enabling revenue ramp from air taxi operations. Uber and Joby Aviation Team Up: Game Changer or Hype?
• Neutral Sentiment: Broad coverage reiterates the same catalyst path: Analyst and trade outlets (Zacks, The Motley Fool) highlight the Uber integration, Dubai debut and certification progress — useful confirmation but largely already priced in. Uber Enters Into a New Deal With Joby on Electric Air Taxis
• Negative Sentiment: Short-seller attention and risk callouts: JPMorgan listed Joby among top short ideas, spotlighting execution and valuation risks that can pressure the stock if progress slips. JPMorgan’s Top Short Ideas, 5 Weeks Later: Were They Right?
• Negative Sentiment: Scaling and profitability remain distant: Coverage notes that even with certification, large-scale operations, fleet economics and route density pose major hurdles — profitability is not imminent, which keeps longer-term valuation under scrutiny. Uber and Joby Aviation Team Up: Game Changer or Hype?

Analyst Ratings Changes

Several research analysts recently weighed in on JOBY shares. Oppenheimer set a $18.00 price target on shares of Joby Aviation in a report on Thursday, February 26th. HC Wainwright upgraded Joby Aviation from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, February 26th. The Goldman Sachs Group started coverage on Joby Aviation in a research report on Monday, December 1st. They set a “sell” rating and a $10.00 price target for the company. Canaccord Genuity Group reiterated a “hold” rating and set a $15.50 price target on shares of Joby Aviation in a report on Tuesday, February 3rd. Finally, Needham & Company LLC reduced their price objective on Joby Aviation to $18.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $13.81.

About Joby Aviation

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.