Joby Aviation, Inc. $JOBY Shares Sold by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd cut its stake in shares of Joby Aviation, Inc. (NYSE:JOBY) by 89.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,706 shares of the company’s stock after selling 238,037 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Joby Aviation were worth $463,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Asset Planning Inc increased its holdings in shares of Joby Aviation by 70.0% in the third quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock valued at $27,000 after purchasing an additional 700 shares during the period. Canton Hathaway LLC acquired a new stake in shares of Joby Aviation during the third quarter worth $29,000. Hilltop National Bank purchased a new position in Joby Aviation in the 3rd quarter valued at $32,000. Ancora Advisors LLC acquired a new position in Joby Aviation in the 3rd quarter valued at $35,000. Finally, EverSource Wealth Advisors LLC increased its stake in Joby Aviation by 284.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock valued at $27,000 after buying an additional 1,880 shares during the period. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Joby Aviation Stock Performance

Shares of NYSE JOBY opened at $9.92 on Wednesday. Joby Aviation, Inc. has a one year low of $4.96 and a one year high of $20.95. The firm has a market capitalization of $9.05 billion, a P/E ratio of -8.71 and a beta of 2.59. The company’s fifty day moving average is $11.54 and its two-hundred day moving average is $13.87.

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, beating analysts’ consensus estimates of ($0.20) by $0.06. The company had revenue of $30.84 million during the quarter, compared to analysts’ expectations of $16.88 million. The business’s revenue for the quarter was up 5506.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.34) EPS. On average, sell-side analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Joby Aviation News Roundup

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

• Positive Sentiment: FAA milestone and near-term commercial timeline: Joby hit a major FAA milestone and is being framed as closer to certification and 2026 air‑taxi flights — a concrete step toward revenue generation if the timetable holds. As Joby Aviation Approaches FAA Certification
• Positive Sentiment: Operational/regulatory wins showcased: Coverage of Joby’s Golden Gate flight frames recent demonstrations as validating the platform and regulatory progress — supportive for investor confidence on commercial readiness. Joby Aviation’s Golden Gate Flight Signals a New Era for eVTOL
• Positive Sentiment: Selected for federal pilot program: Inclusion in a federal pilot program to accelerate eVTOL adoption supports industry deployment and could help with vertiport/infrastructure coordination and policy support. Joby Aviation selected for federal pilot program
• Positive Sentiment: Cathie Wood / Ark interest: Reports that Cathie Wood is increasing exposure signal continued institutional conviction and can support secondary-market demand/liquidity. Cathie Wood Is Doubling Down on Joby Aviation Stock
• Neutral Sentiment: Analyst/investor takeaways: Several analyst pieces ask whether JOBY is a buy ahead of service start — useful framing for investors but largely interpretive until certification and commercial metrics arrive. As Joby Aviation Approaches FAA Certification
• Negative Sentiment: Insider share sales: Company insider Didier Papadopoulos sold ~6,825 shares across Mar 16–17 at roughly $9.85–$9.94, a small reduction in ownership that can weigh on sentiment despite the modest size. SEC filing: Insider Form 4
• Negative Sentiment: Infrastructure risk — vertiport bottleneck: Coverage highlights that a dense network of vertiports and charging/turnaround infrastructure is critical; delays or higher-than-expected costs in building that network could materially constrain growth. Joby Aviation’s Biggest Risk — The Vertiport Bottleneck
• Negative Sentiment: Competitive/legal friction: A countersuit involving rival Archer increases legal/competitive noise; potential distraction, legal costs, and industry headline risk for Joby. Archer Countersuit

Insider Activity at Joby Aviation

In related news, CEO Joeben Bevirt sold 507,182 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $10.62, for a total value of $5,386,272.84. Following the sale, the chief executive officer owned 31,997,802 shares in the company, valued at $339,816,657.24. This represents a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Bonny W. Simi sold 110,173 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $13.85, for a total value of $1,525,896.05. Following the sale, the insider owned 125,114 shares in the company, valued at approximately $1,732,828.90. The trade was a 46.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,486,368 shares of company stock valued at $16,211,332. 32.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JPMorgan Chase & Co. reduced 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research note on Thursday, January 22nd. Needham & Company LLC cut their price target on shares of Joby Aviation to $18.00 and set a “buy” rating for the company in a report on Thursday, February 26th. HC Wainwright restated a “buy” rating and issued a $18.00 price objective on shares of Joby Aviation in a research report on Thursday, March 12th. 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 analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price 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.