M&T Bank Corp Buys Shares of 236,096 Joby Aviation, Inc. $JOBY

Key Points

• M&T Bank Corp bought a new stake of 236,096 shares in Joby Aviation (NYSE:JOBY) during Q4, valued at about $3.12 million.
• Corporate insiders sold a total of 1,774,220 shares (~$17.39 million) in the last quarter (including CEO Joeben Bevirt’s 507,182‑share sale); insiders still own 32.40% of the company while institutional investors own 52.85%.
• Analyst views are mixed: the consensus rating is Reduce with an average price target of $13.81, and individual targets span roughly $7 (JPMorgan) up to $18 (Needham/Oppenheimer/HC Wainwright).

M&T Bank Corp bought a new stake in Joby Aviation, Inc. (NYSE:JOBY - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 236,096 shares of the company's stock, valued at approximately $3,116,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JOBY. Royal Bank of Canada boosted its stake in Joby Aviation by 110.5% in the first quarter. Royal Bank of Canada now owns 85,070 shares of the company's stock valued at $512,000 after acquiring an additional 44,659 shares during the last quarter. AQR Capital Management LLC purchased a new position in Joby Aviation in the first quarter valued at about $273,000. Strs Ohio purchased a new position in Joby Aviation in the first quarter valued at about $37,000. Cetera Investment Advisers boosted its stake in Joby Aviation by 16.0% in the second quarter. Cetera Investment Advisers now owns 64,069 shares of the company's stock valued at $676,000 after acquiring an additional 8,840 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Joby Aviation by 80.1% in the second quarter. JPMorgan Chase & Co. now owns 750,733 shares of the company's stock valued at $7,920,000 after purchasing an additional 333,995 shares during the period. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Joby Aviation news, insider Eric Allison sold 27,698 shares of the business's stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $8.20, for a total value of $227,123.60. Following the completion of the transaction, the insider owned 750,852 shares of the company's stock, valued at $6,156,986.40. The trade was a 3.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 507,182 shares of the business'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 transaction of $5,386,272.84. Following the completion of the transaction, the chief executive officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,774,220 shares of company stock valued at $17,386,938 in the last quarter. Corporate insiders own 32.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on JOBY. JPMorgan Chase & Co. lowered their price target on shares of 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 price target on shares of Joby Aviation to $18.00 and set a "buy" rating on the stock in a research report on Thursday, February 26th. Weiss Ratings reissued a "sell (d-)" rating on shares of Joby Aviation in a research report on Tuesday, April 21st. Oppenheimer set a $18.00 price target on shares of Joby Aviation in a research report on Thursday, February 26th. Finally, HC Wainwright reissued a "buy" rating and issued a $18.00 price target on shares of Joby Aviation in a research report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price of $13.81.

Joby Aviation News Summary

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

• Positive Sentiment: NYC demo flights validated point‑to‑point JFK–Manhattan operations and showcased a quiet, zero‑emission aircraft in congested urban airspace — a major proof‑of‑concept that pushed investor confidence. Stock Market Today, April 27: Joby Aviation Rises After NYC Demo Flights Highlight Path to Commercial Air Taxi Service
• Positive Sentiment: Heavy market activity: intraday trading volume spiked well above average and options volume showed a notable increase in calls (roughly +40% vs. typical), signaling speculative and directional bullish positioning by traders and institutions.
• Neutral Sentiment: Strategic partnerships and infrastructure progress (Blade acquisition tailwinds, Dubai/vertiport initiatives, LA vertiport plans) reinforce Joby’s long‑term go‑to‑market plan but are longer‑horizon positives. Joby Aviation advances vertiport, Dubai launch amid stock slump
• Neutral Sentiment: Near‑term data point: Joby reports first‑quarter 2026 results and any updated guidance or commentary on certification/timing on May 5 — likely to move the stock. Joby Q1 2026 earnings date
• Negative Sentiment: Regulatory and certification risk remains the largest headline risk: FAA Type Certification and subsequent TIA testing are still required before commercial passenger service — delays or additional test requirements would be negative for the stock. Joby Stock Rises After New York Air Taxi Demo
• Negative Sentiment: Capital intensity and execution risk: scaling manufacturing, vertiport rollout and cash burn during commercialization are material risks; analysts remain mixed on timing and valuation upside. Joby analyst forecasts

Joby Aviation Price Performance

JOBY stock opened at $9.05 on Tuesday. Joby Aviation, Inc. has a one year low of $6.14 and a one year high of $20.95. The stock has a market cap of $8.25 billion, a PE ratio of -7.93 and a beta of 2.68. The firm has a 50 day simple moving average of $9.25 and a two-hundred day simple moving average of $12.51.

Joby Aviation (NYSE:JOBY - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported ($0.14) EPS for the quarter, topping 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. During the same period in the prior year, the firm earned ($0.34) EPS. Joby Aviation's quarterly revenue was up 5506.5% on a year-over-year basis. On average, research analysts expect that Joby Aviation, Inc. will post -0.82 EPS for the current fiscal year.

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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