Atreides Management LP Cuts Position in Joby Aviation, Inc. $JOBY

Atreides Management LP decreased its holdings in Joby Aviation, Inc. (NYSE:JOBY) by 23.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 769,407 shares of the company’s stock after selling 230,593 shares during the quarter. Atreides Management LP owned 0.08% of Joby Aviation worth $12,418,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Sowell Financial Services LLC acquired a new position in shares of Joby Aviation during the 3rd quarter worth approximately $663,000. Pier 88 Investment Partners LLC acquired a new stake in Joby Aviation in the 3rd quarter valued at $635,000. Voya Investment Management LLC grew its stake in Joby Aviation by 20.0% in the 3rd quarter. Voya Investment Management LLC now owns 1,150,050 shares of the company’s stock valued at $18,562,000 after acquiring an additional 192,064 shares during the period. Valeo Financial Advisors LLC purchased a new stake in Joby Aviation in the 2nd quarter worth $461,000. Finally, Udine Wealth Management Inc. purchased a new stake in Joby Aviation in the 3rd quarter worth $1,414,000. 52.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Joby Aviation

In related news, CEO Joeben Bevirt sold 507,182 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $10.62, for a total transaction of $5,386,272.84. Following the completion of the sale, the chief executive officer owned 31,997,802 shares of the company’s stock, valued at approximately $339,816,657.24. This represents a 1.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kate Dehoff sold 28,260 shares of the stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $14.72, for a total transaction of $415,987.20. Following the completion of the sale, the insider owned 149,369 shares of the company’s stock, valued at approximately $2,198,711.68. The trade was a 15.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,487,509 shares of company stock valued at $16,261,334. Insiders own 28.50% of the company’s stock.

Analyst Ratings Changes

JOBY has been the topic of several recent analyst reports. Oppenheimer set a $18.00 price objective on shares of Joby Aviation in a report on Thursday, February 26th. JPMorgan Chase & Co. cut their target price on shares of Joby Aviation from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Thursday, February 26th. HC Wainwright restated a “buy” rating and set a $18.00 price target on shares of Joby Aviation in a research report on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Joby Aviation in a research note on Thursday, January 22nd. Finally, The Goldman Sachs Group initiated coverage on Joby Aviation in a report on Monday, December 1st. They issued a “sell” rating and a $10.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Joby Aviation presently has an average rating of “Reduce” and a consensus price target of $13.81.

Joby Aviation Stock Performance

Shares of JOBY stock opened at $9.70 on Friday. Joby Aviation, Inc. has a fifty-two week low of $4.96 and a fifty-two week high of $20.95. The stock’s fifty day moving average is $11.79 and its two-hundred day moving average is $13.93. The firm has a market capitalization of $8.84 billion, a P/E ratio of -8.50 and a beta of 2.59.

Joby Aviation (NYSE:JOBY) last released its 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 business had revenue of $30.84 million for the quarter, compared to analysts’ expectations of $16.88 million. Joby Aviation’s quarterly revenue was up 5506.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.34) EPS. On average, equities analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Key Stories Impacting Joby Aviation

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

• Positive Sentiment: Progress toward FAA type certification: Joby has begun flight testing its first FAA‑conforming production aircraft as part of the Type Inspection Authorization (TIA) process — a direct regulatory milestone that materially de‑risks timing for commercial operations. Joby Flies First FAA-Conforming Aircraft For TIA Testing
• Positive Sentiment: Demonstration flights showcase operational readiness: Joby completed piloted flights across San Francisco Bay (including around the Golden Gate) and highlighted a 50,000‑mile “electric skies” tour — both signal operational maturity and marketing momentum ahead of commercial launch. Joby Completes Piloted Electric Air Taxi Flight Across San Francisco Bay
• Positive Sentiment: Federal pilot programs and DOT support: Joby was named to the Department of Transportation’s advanced air mobility/eIPP pilot initiatives, enabling early deployments across multiple states — a practical near‑term commercial runway and potential demand catalyst. Joby Aviation Joins Federal eIPP
• Positive Sentiment: Commercial launch signals: Multiple outlets report Joby plans to begin U.S. air‑taxi operations in the coming months, supported by the first production model now flying — this shortens the pathway from testing to revenue realization. Joby Aviation to launch U.S. air-taxi service
• Positive Sentiment: Institutional interest: ARK Invest added to its position amid the FAA/DOT activity, which can support investor confidence and liquidity. Cathie Wood Bets On Joby
• Neutral Sentiment: Market opportunity framing: Analyst pieces emphasize Joby’s optionality across mobility and defense markets — large TAM upside but monetization remains contingent on certification, manufacturing scale and unit economics. Joby Aviation: Optionality Across Mobility And Defense
• Negative Sentiment: Legal/competitive overhang: Rival Archer filed/updated a countersuit alleging undisclosed China ties and related misconduct — these claims raise litigation and regulatory risk that can weigh on contracts, partnerships and investor sentiment. Joby’s first production model takes off / context on disputes
• Negative Sentiment: Clustered insider selling: Several executives (including the CEO and other senior officers) disclosed share sales over recent days. While sizes are modest versus total holdings, concentrated short‑term selling can signal profit‑taking and adds short‑term downward pressure. Joby Insider Selling Filings

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.