Qsemble Capital Management LP sold 418,623 shares of Joby Aviation during the second quarter. This sale represents a 92% reduction in the firm's holdings. The investment firm now holds 36,316 shares. The firm disclosed these details in a report on August 15, 2026. The sell-off adds to several cautious signals for the company.
Joby, an electric air taxi developer, recently reported a quarterly loss of $0.25 per share. This result missed the analyst estimate of a $0.23 loss. The earnings report highlighted the company’s significant cash burn.
Insiders sold nearly 700,000 shares recently. These transactions occurred over the last 90 days. A director-linked trust sold 62,500 shares. This transaction took place on August 13.