Summit Partners Public Asset Management LLC Invests $9.24 Million in Joby Aviation, Inc. $JOBY

Posted by Stanley Muller on Jun 17th, 2026

Summit Partners Public Asset Management LLC acquired a new position in shares of Joby Aviation, Inc. (NYSE:JOBY – Free Report) in the 4th quarter, HoldingsChannel reports. The fund acquired 700,000 shares of the company’s stock, valued at approximately $9,240,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Joby Aviation by 13.2% in the 3rd quarter. Vanguard Group Inc. now owns 49,948,325 shares of the company’s stock valued at $806,166,000 after purchasing an additional 5,828,189 shares during the period. Man Group plc bought a new stake in Joby Aviation in the 3rd quarter valued at $40,283,000. Norges Bank bought a new stake in Joby Aviation in the 4th quarter valued at $32,269,000. Clear Street Group Inc. bought a new stake in Joby Aviation in the 3rd quarter valued at $36,264,000. Finally, Renaissance Technologies LLC bought a new stake in Joby Aviation in the 4th quarter valued at $17,952,000. 52.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on JOBY shares. JPMorgan Chase & Co. reduced their price target on shares of Joby Aviation from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Thursday, February 26th. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target on shares of Joby Aviation in a report on Wednesday, May 6th. Oppenheimer set a $18.00 price target on shares of Joby Aviation in a report on Thursday, February 26th. Canaccord Genuity Group reduced their price target on shares of Joby Aviation from $15.50 to $11.50 and set a “hold” rating for the company in a report on Thursday, May 7th. Finally, Morgan Stanley reduced their price target on shares of Joby Aviation from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Two investment 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 data from MarketBeat, Joby Aviation has an average rating of “Reduce” and an average target price of $13.06.

Check Out Our Latest Stock Analysis on JOBY

Joby Aviation Trading Down 3.5%

Shares of JOBY stock opened at $9.33 on Wednesday. Joby Aviation, Inc. has a 52-week low of $7.75 and a 52-week high of $20.95. The stock has a market cap of $9.18 billion, a price-to-earnings ratio of -8.11 and a beta of 2.66. The company has a debt-to-equity ratio of 0.36, a quick ratio of 22.05 and a current ratio of 22.06. The firm has a fifty day moving average of $9.84 and a 200-day moving average of $11.28.

Joby Aviation (NYSE:JOBY – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $24.25 million during the quarter, compared to analysts’ expectations of $20.17 million. During the same quarter in the prior year, the company posted ($0.11) EPS. On average, equities research analysts forecast that Joby Aviation, Inc. will post -0.83 earnings per share for the current fiscal year.

Key Headlines Impacting Joby Aviation

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

Positive Sentiment: Investor sentiment around eVTOL/air-taxi stocks improved after a Jefferies consumer survey signaled growing interest in the category, helping lift Joby Aviation alongside peers. Stock Market Today, June 15: Joby Aviation Jumps on Positive Consumer Sentiment on eVOTLs
Positive Sentiment: Coverage highlighting Joby’s Dayton manufacturing buildout and the broader “birthplace of aviation” narrative reinforces the company’s progress toward production and commercialization. How Joby is building its air taxi company in Dayton with workers who are ‘production heroes’
Neutral Sentiment: Local media reports continued to spotlight Joby’s Dayton operations and the company’s effort to help define standards in a still-emerging industry. How Joby is building its air taxi company in Dayton with workers who are ‘production heroes’
Neutral Sentiment: A related article emphasized Joby’s Dayton plant as part of a broader effort to create standards for the air-taxi industry; informative, but not a clear near-term financial catalyst. Thomas Gnau: How Joby is building its air taxi company in Dayton with workers who are ‘production heroes’
Negative Sentiment: Insider Didier Papadopoulos sold shares on June 15 and June 16 under a pre-arranged 10b5-1 plan to cover tax withholding tied to equity vesting, which can still weigh on sentiment even if the sales were routine. SEC Form 4 filing

Insider Buying and Selling

In other news, CEO Joeben Bevirt sold 421,019 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $10.38, for a total value of $4,370,177.22. Following the completion of the transaction, the chief executive officer owned 31,678,802 shares in the company, valued at approximately $328,825,964.76. This represents a 1.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric Allison sold 74,844 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $10.00, for a total transaction of $748,440.00. Following the completion of the transaction, the insider owned 676,008 shares of the company’s stock, valued at approximately $6,760,080. This represents a 9.97% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 1,567,987 shares of company stock worth $16,177,273. Insiders own 32.40% of the company’s stock.

Joby Aviation Profile

(Free Report)

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.