Comerica Bank Buys 136,630 Shares of Joby Aviation, Inc. $JOBY

Key Points

• Comerica Bank increased its stake in Joby Aviation by 146.9% in Q4, purchasing 136,630 shares to hold 229,652 shares valued at approximately $3.03 million.
• Insiders have been net sellers recently—disposing of 1,766,026 shares worth about $17.3 million over the last three months (including CEO Joeben Bevirt and Eric Allison)—while institutional investors own roughly 52.85% of the stock and insiders hold 32.40%.
• Joby beat Q4 EPS expectations (loss of $0.14 vs. -$0.20) and reported revenue of $30.84 million (up 5,506% y/y), but the stock has mixed analyst ratings, a market cap near $9.08 billion, and a 52‑week range of $6.18–$20.95.

Comerica Bank grew its stake in Joby Aviation, Inc. (NYSE:JOBY - Free Report) by 146.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 229,652 shares of the company's stock after purchasing an additional 136,630 shares during the period. Comerica Bank's holdings in Joby Aviation were worth $3,031,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Joby Aviation by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 52,488,707 shares of the company's stock valued at $692,851,000 after purchasing an additional 2,540,382 shares during the period. State Street Corp grew its stake in shares of Joby Aviation by 3.0% in the 2nd quarter. State Street Corp now owns 10,392,018 shares of the company's stock valued at $109,636,000 after purchasing an additional 305,109 shares during the period. Bank of America Corp DE grew its stake in shares of Joby Aviation by 41.2% in the 3rd quarter. Bank of America Corp DE now owns 4,192,109 shares of the company's stock valued at $67,661,000 after purchasing an additional 1,223,412 shares during the period. Rheos Capital Works Inc. grew its stake in shares of Joby Aviation by 45.0% in the 4th quarter. Rheos Capital Works Inc. now owns 3,545,000 shares of the company's stock valued at $46,794,000 after purchasing an additional 1,100,000 shares during the period. Finally, Man Group plc bought a new stake in shares of Joby Aviation in the 3rd quarter valued at approximately $40,283,000. 52.85% of the stock is currently owned by institutional investors.

Joby Aviation Price Performance

JOBY stock opened at $9.28 on Monday. The business has a fifty day moving average price of $9.18 and a 200 day moving average price of $12.34. Joby Aviation, Inc. has a fifty-two week low of $6.18 and a fifty-two week high of $20.95. The stock has a market capitalization of $9.08 billion, a price-to-earnings ratio of -8.14 and a beta of 2.61.

Joby Aviation (NYSE:JOBY - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported ($0.14) earnings per share for the quarter, beating analysts' consensus estimates of ($0.20) by $0.06. The business had revenue of $30.84 million for the quarter, compared to analyst estimates of $16.88 million. During the same period in the prior year, the business earned ($0.34) earnings per share. The company's revenue for the quarter was up 5506.5% on a year-over-year basis. On average, equities analysts expect that Joby Aviation, Inc. will post -0.82 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Eric Allison sold 27,698 shares of the firm's stock in a transaction on Monday, April 13th. The stock was sold at an average price of $8.20, for a total transaction of $227,123.60. Following the completion of the sale, the insider directly owned 750,852 shares of the company's stock, valued at $6,156,986.40. This trade represents a 3.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Joeben Bevirt sold 39,963 shares of the firm's stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $9.03, for a total value of $360,865.89. Following the sale, the chief executive officer directly owned 224,823 shares of the company's stock, valued at $2,030,151.69. This represents a 15.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 1,766,026 shares of company stock worth $17,301,065. 32.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

JOBY has been the topic of several analyst reports. HC Wainwright reiterated a "buy" rating and issued a $18.00 price objective on shares of Joby Aviation in a research note on Thursday, March 12th. Wall Street Zen lowered Joby Aviation from a "sell" rating to a "strong sell" rating in a research note on Saturday. JPMorgan Chase & Co. lowered their price objective on Joby Aviation from $8.00 to $7.00 and set an "underweight" rating on the stock in a research note on Thursday, February 26th. Oppenheimer set a $18.00 price objective on Joby Aviation in a research note on Thursday, February 26th. Finally, Needham & Company LLC restated a "buy" rating and set a $18.00 price target on shares of Joby Aviation in a research report on Tuesday, April 28th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $13.81.

Trending Headlines about Joby Aviation

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

• Positive Sentiment: Successful live demonstration flight at NYC’s East 34th Street Heliport showcased Joby’s all‑electric eVTOL operating safely within existing urban infrastructure — a concrete step toward commercial service and municipal/FAA acceptance. Article Title
• Positive Sentiment: Media and local officials attended Joby’s NYC demonstration, increasing public and regulatory visibility for Joby’s integration pilot program — this kind of endorsement can accelerate route approvals and vertiport partnerships. Article Title
• Positive Sentiment: Analyst/upside coverage highlights a large potential rerating as Joby shifts from certification to commercialization, citing Dubai readiness, a stronger balance sheet, and FAA progress as drivers for upside. That narrative supports bullish investor positioning. Article Title
• Neutral Sentiment: Industry coverage frames 2026 as make‑or‑break for Joby and lists specific signals to watch (certification milestones, early commercial metrics, next earnings) — useful watchlist items but not immediate catalysts. Article Title
• Neutral Sentiment: Sector spillover: Joby’s NYC flights have drawn attention to peers (e.g., Archer), highlighting regulatory progress for the whole eVTOL space — this can lift the sector but also reallocate investor interest among competitors. Article Title
• Negative Sentiment: High-profile skepticism persists — commentators like Jim Cramer publicly call Joby “way too risky,” which can pressure sentiment and deter risk‑averse investors despite positive operational news. Article Title

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.

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