Seven Grand Managers LLC Buys Shares of 1,000,000 Joby Aviation, Inc. $JOBY

Key Points

• Seven Grand Managers LLC opened a new position in Joby Aviation, buying 1,000,000 shares worth about $13.2 million in the fourth quarter. The stake represents about 0.11% of Joby and 1.0% of Seven Grand’s portfolio.
• Institutional interest in Joby remains significant, with firms like JPMorgan Chase and Royal Bank of Canada also increasing their holdings. Overall, institutions own 52.85% of the company.
• Joby’s recent news flow has been upbeat, driven by FAA progress, plans for New York flights, and heavy call option buying. However, analyst sentiment is mixed, with a consensus rating of "Reduce" and an average price target of $13.06.

Seven Grand Managers LLC bought a new stake in shares of Joby Aviation, Inc. (NYSE:JOBY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,000,000 shares of the company's stock, valued at approximately $13,200,000. Joby Aviation accounts for 1.0% of Seven Grand Managers LLC's portfolio, making the stock its 29th largest holding. Seven Grand Managers LLC owned approximately 0.11% of Joby Aviation as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of JOBY. Royal Bank of Canada lifted its stake in Joby Aviation by 110.5% during the 1st 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 period. AQR Capital Management LLC bought a new position in Joby Aviation during the 1st quarter valued at about $273,000. Strs Ohio bought a new position in Joby Aviation during the 1st quarter valued at about $37,000. Cetera Investment Advisers lifted its stake in Joby Aviation by 16.0% during the 2nd 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 period. Finally, JPMorgan Chase & Co. lifted its stake in Joby Aviation by 80.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 750,733 shares of the company's stock valued at $7,920,000 after acquiring an additional 333,995 shares during the period. Institutional investors own 52.85% of the company's stock.

Joby Aviation News Roundup

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

• Positive Sentiment: Shares are being lifted by renewed interest in Joby’s FAA progress and plans for New York flights, which keeps the company’s commercial air taxi timeline in focus. Why Joby Aviation Stock Is Climbing Today
• Positive Sentiment: Unusually heavy call option buying suggests traders are positioning for more upside, which can reinforce momentum in the stock.
• Positive Sentiment: A recent article highlighting Joby as one of the better transportation stocks for 2026 may be adding to the bullish narrative around the company’s long-term potential. Best Transportation Stocks to Buy in 2026

Analyst Ratings Changes

Several equities analysts have issued reports on JOBY shares. Wall Street Zen upgraded shares of Joby Aviation from a "strong sell" rating to a "sell" rating in a research note on Sunday, May 10th. Canaccord Genuity Group lowered their target price on shares of Joby Aviation from $15.50 to $11.50 and set a "hold" rating on the stock in a research note on Thursday, May 7th. HC Wainwright reaffirmed a "buy" rating and set a $18.00 price target on shares of Joby Aviation in a research report on Thursday, March 12th. Oppenheimer set a $18.00 price target on shares of Joby Aviation in a research report on Thursday, February 26th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $18.00 price target on shares of Joby Aviation in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $13.06.

Insider Buying and Selling at Joby Aviation

In related news, insider Kate Dehoff sold 14,295 shares of the stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $8.73, for a total value of $124,795.35. Following the completion of the sale, the insider directly owned 163,567 shares of the company's stock, valued at approximately $1,427,939.91. This represents a 8.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Gregory Bowles sold 4,602 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $11.47, for a total transaction of $52,784.94. Following the completion of the sale, the insider directly owned 182,319 shares of the company's stock, valued at $2,091,198.93. This represents a 2.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,089,118 shares of company stock worth $10,449,476 over the last 90 days. 28.50% of the stock is owned by company insiders.

Joby Aviation Price Performance

NYSE JOBY opened at $11.47 on Thursday. Joby Aviation, Inc. has a 52 week low of $7.34 and a 52 week high of $20.95. The firm has a market capitalization of $11.28 billion, a P/E ratio of -9.97 and a beta of 2.61. The company has a quick ratio of 22.05, a current ratio of 22.06 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $9.40 and a 200-day moving average price of $11.68.

Joby Aviation (NYSE:JOBY - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.09. Joby Aviation had a negative net margin of 1,232.62% and a negative return on equity of 60.54%. The firm had revenue of $24.25 million during the quarter, compared to analyst estimates of $20.17 million. During the same quarter in the prior year, the firm earned ($0.11) EPS. Equities research analysts anticipate that Joby Aviation, Inc. will post -0.83 earnings per share for the current year.

Joby Aviation Profile

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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