California Public Employees Retirement System Sells 74,448 Shares of Joby Aviation, Inc. $JOBY

California Public Employees Retirement System trimmed its position in shares of Joby Aviation, Inc. (NYSE:JOBY) by 8.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 779,067 shares of the company’s stock after selling 74,448 shares during the period. California Public Employees Retirement System’s holdings in Joby Aviation were worth $6,435,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of JOBY. Lingotto Investment Management LLP increased its stake in Joby Aviation by 34.2% in the fourth quarter. Lingotto Investment Management LLP now owns 3,138,240 shares of the company’s stock valued at $41,425,000 after acquiring an additional 799,260 shares during the last quarter. DNB Asset Management AS raised its position in Joby Aviation by 16.3% during the fourth quarter. DNB Asset Management AS now owns 366,281 shares of the company’s stock valued at $4,835,000 after purchasing an additional 51,344 shares in the last quarter. Vanguard Group Inc. lifted its stake in Joby Aviation by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 52,488,707 shares of the company’s stock worth $692,851,000 after purchasing an additional 2,540,382 shares during the last quarter. Norges Bank bought a new stake in Joby Aviation during the fourth quarter worth $32,269,000. Finally, Clear Street Group Inc. boosted its holdings in shares of Joby Aviation by 59.9% in the 4th quarter. Clear Street Group Inc. now owns 3,593,043 shares of the company’s stock valued at $47,428,000 after purchasing an additional 1,346,205 shares in the last quarter. 52.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

JOBY has been the topic of several recent analyst reports. Weiss Ratings upgraded Joby Aviation from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 14th. Needham & Company LLC restated a “buy” rating and set a $18.00 price objective on shares of Joby Aviation in a research report on Wednesday, May 6th. Wall Street Zen raised Joby Aviation from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 10th. Morgan Stanley decreased their target price on Joby Aviation from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. Finally, Canaccord Genuity Group lowered their target price on Joby Aviation from $15.50 to $11.50 and set a “hold” rating for the company in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $13.64.

Insider Buying and Selling at Joby Aviation

In other news, insider Bonny W. Simi sold 7,832 shares of Joby Aviation stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $8.92, for a total transaction of $69,861.44. Following the sale, the insider directly owned 231,687 shares of the company’s stock, valued at approximately $2,066,648.04. This trade represents a 3.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Joeben Bevirt sold 15,788 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $8.92, for a total value of $140,828.96. Following the sale, the chief executive officer owned 239,671 shares in the company, valued at approximately $2,137,865.32. This trade represents a 6.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,125,580 shares of company stock worth $12,172,117 over the last three months. 20.35% of the stock is owned by corporate insiders.

Joby Aviation Stock Performance

Shares of Joby Aviation stock opened at $6.93 on Monday. The company’s 50 day moving average price is $9.32 and its two-hundred day moving average price is $10.10. The firm has a market capitalization of $6.82 billion, a P/E ratio of -6.03 and a beta of 2.71. Joby Aviation, Inc. has a fifty-two week low of $6.89 and a fifty-two week high of $20.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 22.06 and a quick ratio of 22.05.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.09. Joby Aviation had a negative net margin of 1,232.62% and a negative return on equity of 60.54%. The company had revenue of $24.25 million during the quarter, compared to the consensus estimate of $20.17 million. During the same period in the prior year, the business earned ($0.11) earnings per share. On average, equities analysts forecast that Joby Aviation, Inc. will post -0.83 earnings per share for the current fiscal year.

More Joby Aviation News

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

• Positive Sentiment: Joby finalized a multi-year commercial partnership with Virgin Atlantic to launch an all-electric air taxi service in the UK, giving it a major airline partner and a path into the London/Manchester market. Virgin Atlantic, Joby Finalize UK Air Taxi Partnership at Farnborough
• Positive Sentiment: Joby and Toyota announced a joint venture to industrialize eVTOL production, which could help scale manufacturing and lower execution risk over time. Joby and Toyota establish joint venture to industrialise eVTOL production
• Positive Sentiment: The company said it remains on track for commercial flights by year-end, reinforcing the bull case that Joby is moving closer to revenue-generating operations. Joby ‘On Track’ For Commercial Flights By Year’s End
• Neutral Sentiment: Joby also announced it will report second-quarter 2026 results on August 5, which could become a near-term catalyst if investors look for updates on cash burn, certification progress, and partnership milestones. Joby Aviation to Report Second Quarter 2026 Financial Results
• Negative Sentiment: Despite the good news, investors may be concerned that the stock has run up sharply on partnership optimism and now faces valuation scrutiny ahead of earnings, with some commentary questioning whether JOBY is still below or above fair value. Is Joby Aviation (JOBY) Below Fair Value As Virgin Atlantic Deepens Its UK Push?

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.