Archer Aviation Inc. (NYSE:ACHR - Get Free Report) CFO Priya Gupta sold 7,263 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $6.27, for a total value of $45,539.01. Following the sale, the chief financial officer directly owned 178,512 shares of the company's stock, valued at approximately $1,119,270.24. This represents a 3.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Priya Gupta also recently made the following trade(s):
- On Thursday, March 5th, Priya Gupta sold 10,172 shares of Archer Aviation stock. The shares were sold at an average price of $6.46, for a total transaction of $65,711.12.
Archer Aviation Stock Up 1.6%
Shares of Archer Aviation stock opened at $6.13 on Tuesday. Archer Aviation Inc. has a one year low of $5.48 and a one year high of $14.62. The company has a market cap of $3.99 billion, a P/E ratio of -6.19 and a beta of 3.10. The company has a debt-to-equity ratio of 0.05, a quick ratio of 19.89 and a current ratio of 19.89. The firm has a fifty day moving average of $7.46 and a two-hundred day moving average of $8.61.
Archer Aviation (NYSE:ACHR - Get Free Report) last released its earnings results on Monday, March 2nd. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.09). The firm had revenue of $0.30 million for the quarter, compared to the consensus estimate of $1.40 million. The firm's revenue was up 29900.0% on a year-over-year basis. On average, analysts forecast that Archer Aviation Inc. will post -1.32 earnings per share for the current year.
Analyst Ratings Changes
A number of brokerages have weighed in on ACHR. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Archer Aviation in a report on Monday, November 24th. Weiss Ratings reissued a "sell (d-)" rating on shares of Archer Aviation in a research note on Wednesday, January 21st. Canaccord Genuity Group raised their price target on Archer Aviation from $12.00 to $13.00 and gave the company a "buy" rating in a report on Friday, November 21st. Needham & Company LLC decreased their price target on Archer Aviation from $10.00 to $9.00 and set a "buy" rating on the stock in a research note on Tuesday, March 3rd. Finally, The Goldman Sachs Group started coverage on Archer Aviation in a research report on Monday, December 1st. They issued a "neutral" rating and a $11.00 price objective for the company. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $12.00.
Get Our Latest Report on Archer Aviation
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Archer Aviation by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 54,676,158 shares of the company's stock valued at $411,165,000 after acquiring an additional 2,312,899 shares during the period. ARK Investment Management LLC grew its holdings in shares of Archer Aviation by 12.4% in the 4th quarter. ARK Investment Management LLC now owns 35,170,701 shares of the company's stock worth $264,484,000 after acquiring an additional 3,869,252 shares during the period. State Street Corp grew its holdings in shares of Archer Aviation by 11.2% in the 4th quarter. State Street Corp now owns 32,773,136 shares of the company's stock worth $246,454,000 after acquiring an additional 3,293,130 shares during the period. Morgan Stanley increased its stake in Archer Aviation by 21.6% in the 4th quarter. Morgan Stanley now owns 15,717,522 shares of the company's stock valued at $118,196,000 after purchasing an additional 2,796,488 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Archer Aviation by 14.9% during the fourth quarter. Geode Capital Management LLC now owns 14,385,647 shares of the company's stock worth $108,197,000 after purchasing an additional 1,867,648 shares during the last quarter. 59.34% of the stock is owned by hedge funds and other institutional investors.
Key Headlines Impacting Archer Aviation
Here are the key news stories impacting Archer Aviation this week:
- Positive Sentiment: Bullish write-ups highlight upside arguments for Archer (low valuation metrics cited, long-term eVTOL growth thesis) that can attract buyers and speculative interest. Article Title
- Positive Sentiment: Additional bullish summary and thesis coverage (Investor commentary on X summarized by a blog) reiterates reasons some investors view ACHR as a contrarian buy. Article Title
- Positive Sentiment: Archer has escalated an intellectual-property dispute with competitor Joby — a move that may be intended to protect tech/market position and reassure some investors about defensibility in the eVTOL race. Article Title
- Negative Sentiment: Operational and execution concerns: reporting highlights that Archer has delivered far fewer aircraft than earlier targets, FAA approvals remain a gating factor, and planned launches (e.g., Abu Dhabi) have been postponed — items that pressure valuation and near-term revenue visibility. Article Title
- Negative Sentiment: Insider selling: three senior executives disclosed sales on March 13 (CFO Priya Gupta, insider Eric Lentell, and CTO Thomas Paul Muniz). Combined trades total ~24,900 shares sold at ≈$6.27 each; these reduce insider holdings and can be interpreted as a negative signal to some investors (though filings show the officers still hold substantial positions). SEC filings: Read More., Read More., Read More.
Archer Aviation Company Profile
(
Get Free Report)
Archer Aviation, Inc (NYSE: ACHR) is a California-based aerospace company developing electric vertical takeoff and landing (eVTOL) aircraft designed to serve as sustainable urban air mobility solutions. Founded in 2018 by Adam Goldstein and Brett Adcock, Archer focuses on the design, development and certification of zero-emissions air taxis aimed at reducing traffic congestion in densely populated metropolitan areas. The company's flagship prototypes, “Maker” and “Midnight,” have been engineered to deliver quiet, efficient short-haul flights with ranges of up to 100 miles per charge.
Headquartered in Palo Alto, California, Archer operates a manufacturing facility in nearby Santa Cruz County and maintains research partnerships with automotive and energy companies, including a collaboration with Stellantis to integrate advanced battery systems.
Further Reading
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