Joby Aviation, Inc. $JOBY Stake Decreased by 8VC GP I LLC

Key Points

• 8VC GP I LLC cut its stake in Joby by 50% in Q3, selling 4,798,333 shares and now holds 4,798,334 shares (about 0.56% of Joby, valued at ~$77.4M), with Joby making up ~99.5% of 8VC’s holdings.
• Company insiders have been active sellers — CEO Joeben Bevirt sold 507,182 shares for roughly $5.39M and insiders sold 1,470,074 shares (≈$16.08M) in the last 90 days, though insiders still own 28.5% of the stock.
• Joby beat quarterly estimates (EPS -$0.14 vs. -$0.20; revenue $30.8M vs. $16.9M, +5506% YoY) and has an exclusive Uber Dubai commercial launch, but analysts remain mixed (consensus "Reduce", $13.81 target) and scaling/profitability risks persist.

8VC GP I LLC cut its stake in shares of Joby Aviation, Inc. (NYSE:JOBY - Free Report) by 50.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,798,334 shares of the company's stock after selling 4,798,333 shares during the period. Joby Aviation accounts for approximately 99.5% of 8VC GP I LLC's holdings, making the stock its biggest holding. 8VC GP I LLC owned approximately 0.56% of Joby Aviation worth $77,445,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada increased its position in Joby Aviation by 110.5% during the 1st quarter. Royal Bank of Canada now owns 85,070 shares of the company's stock worth $512,000 after purchasing an additional 44,659 shares in the last quarter. AQR Capital Management LLC acquired a new position in Joby Aviation during the first quarter valued at approximately $273,000. Strs Ohio purchased a new stake in Joby Aviation during the first quarter worth approximately $37,000. AlphaQuest LLC increased its position in shares of Joby Aviation by 225.8% in the second quarter. AlphaQuest LLC now owns 5,444 shares of the company's stock worth $57,000 after acquiring an additional 3,773 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Joby Aviation by 26.1% in the second quarter. Envestnet Asset Management Inc. now owns 42,169 shares of the company's stock worth $445,000 after acquiring an additional 8,741 shares in the last quarter. 52.85% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Joby Aviation

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

• Positive Sentiment: Major backing from ARK Invest: Cathie Wood's fund made multi-million dollar purchases in air-taxi names including Joby, signaling conviction from a large, thematic investor as commercial rollouts approach. Cathie Wood Doubles Down on Air-Taxi Stocks with Multi-Million Dollar Purchases
• Positive Sentiment: Exclusive Dubai commercial launch with Uber: Joby has an exclusive agreement with Dubai's RTA and plans the first all‑electric air taxi deployment bookable through the Uber app — a clear near-term revenue pathway and real-world operations proof point. Joby And Uber Test Commercial Electric Air Taxis In Exclusive Dubai Launch
• Positive Sentiment: Uber is integrating air taxis into its mobility platform: Uber's launch of Uber Air in Dubai (and broader mobility moves) increases distribution and booking scale for Joby's service, lowering go‑to‑market friction. Uber Expands Into Air Taxis And Autonomy To Broaden Mobility Platform
• Neutral Sentiment: Investor comparison vs. peers: Analytical pieces comparing Joby to Archer frame Joby’s strengths (operational lead, Uber tie-up) against valuation and execution risks; useful for relative allocation decisions but not a direct catalyst. Joby Aviation (JOBY) vs Archer Aviation (ACHR): Which eVTOL Stock Should You Buy in 2025?
• Negative Sentiment: Scaling & profitability doubts persist: Coverage notes Joby expects FAA certification soon but warns scaling operations and achieving profitability remain distant — a reminder investors may be pricing in long timelines and high cash burn. Uber and Joby Aviation Team Up: Game Changer or Hype?
• Negative Sentiment: Research/short-seller attention: JPMorgan included Joby on a short-ideas list earlier this year; recent scorecards are mixed but the inclusion keeps downside pressure and volatility a risk until clear, sustained revenue/profit signals arrive. JPMorgan's Top Short Ideas, 5 Weeks Later: Were They Right?

Insiders Place Their Bets

In related news, CEO Joeben Bevirt sold 507,182 shares of Joby Aviation stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $10.62, for a total transaction of $5,386,272.84. Following the transaction, the chief executive officer directly owned 31,997,802 shares of the company's stock, valued at $339,816,657.24. The trade was a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kate Dehoff sold 28,260 shares of the business's stock in a transaction that occurred on Wednesday, January 14th. The stock was 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 in the company, valued at $2,198,711.68. The trade was a 15.91% 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 1,470,074 shares of company stock worth $16,083,913. 28.50% of the stock is owned by company insiders.

Joby Aviation Trading Down 2.9%

Shares of NYSE JOBY opened at $9.60 on Friday. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of -8.42 and a beta of 2.59. Joby Aviation, Inc. has a twelve month low of $4.96 and a twelve month high of $20.95. The business has a 50 day simple moving average of $12.23 and a 200-day simple moving average of $14.15.

Joby Aviation (NYSE:JOBY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.06. The company had revenue of $30.84 million during the quarter, compared to the consensus estimate of $16.88 million. The company's revenue for the quarter was up 5506.5% on a year-over-year basis. During the same period last year, the business posted ($0.34) EPS. As a group, equities analysts predict that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on JOBY. JPMorgan Chase & Co. cut their price objective on Joby Aviation from $8.00 to $7.00 and set an "underweight" rating on the stock in a research report on Thursday, February 26th. Needham & Company LLC lowered their target price on Joby Aviation to $18.00 and set a "buy" rating for the company in a research note on Thursday, February 26th. Canaccord Genuity Group reiterated a "hold" rating and set a $15.50 target price on shares of Joby Aviation in a report on Tuesday, February 3rd. Oppenheimer set a $18.00 price target on Joby Aviation in a report on Thursday, February 26th. Finally, The Goldman Sachs Group started coverage on shares of Joby Aviation in a research report on Monday, December 1st. They issued a "sell" rating and a $10.00 price objective for the company. 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 data from MarketBeat.com, the stock has an average 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.

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