Insider Selling: Archer Aviation (NYSE:ACHR) CTO Sells $1,000,000.00 in Stock

Archer Aviation Inc. (NYSE:ACHRGet Free Report) CTO Thomas Paul Muniz sold 125,000 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $8.00, for a total transaction of $1,000,000.00. Following the transaction, the chief technology officer owned 1,272,129 shares of the company’s stock, valued at approximately $10,177,032. The trade was a 8.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Thomas Paul Muniz also recently made the following trade(s):

  • On Monday, November 17th, Thomas Paul Muniz sold 90,648 shares of Archer Aviation stock. The shares were sold at an average price of $7.49, for a total transaction of $678,953.52.

Archer Aviation Price Performance

Shares of NYSE ACHR opened at $8.72 on Friday. The firm has a market cap of $5.68 billion, a PE ratio of -6.92 and a beta of 3.10. Archer Aviation Inc. has a fifty-two week low of $5.48 and a fifty-two week high of $14.62. The business has a 50 day moving average price of $8.21 and a two-hundred day moving average price of $9.61. The company has a quick ratio of 18.19, a current ratio of 18.19 and a debt-to-equity ratio of 0.05.

Archer Aviation (NYSE:ACHRGet Free Report) last released its earnings results on Thursday, November 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.20). Sell-side analysts expect that Archer Aviation Inc. will post -1.32 earnings per share for the current fiscal year.

Key Stories Impacting Archer Aviation

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

Institutional Trading of Archer Aviation

A number of hedge funds and other institutional investors have recently bought and sold shares of ACHR. Bank of Jackson Hole Trust lifted its holdings in shares of Archer Aviation by 45.9% in the 3rd quarter. Bank of Jackson Hole Trust now owns 3,136 shares of the company’s stock valued at $30,000 after buying an additional 986 shares during the period. Farther Finance Advisors LLC raised its position in shares of Archer Aviation by 45.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,524 shares of the company’s stock valued at $38,000 after acquiring an additional 1,106 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its position in Archer Aviation by 2.5% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 46,262 shares of the company’s stock valued at $443,000 after purchasing an additional 1,107 shares during the last quarter. Moody National Bank Trust Division increased its stake in shares of Archer Aviation by 0.7% during the second quarter. Moody National Bank Trust Division now owns 169,345 shares of the company’s stock valued at $1,837,000 after acquiring an additional 1,211 shares during the period. Finally, HighPoint Advisor Group LLC lifted its holdings in shares of Archer Aviation by 3.6% during the third quarter. HighPoint Advisor Group LLC now owns 35,919 shares of the company’s stock valued at $344,000 after purchasing an additional 1,237 shares during the last quarter. 59.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on ACHR shares. Cantor Fitzgerald restated an “overweight” rating on shares of Archer Aviation in a report on Monday, November 24th. Canaccord Genuity Group increased their price objective on Archer Aviation from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, November 21st. Needham & Company LLC reduced their price objective on shares of Archer Aviation from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. 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 on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Archer Aviation in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Archer Aviation currently has a consensus rating of “Moderate Buy” and an average price target of $12.14.

View Our Latest Report on ACHR

About Archer Aviation

(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.

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Insider Buying and Selling by Quarter for Archer Aviation (NYSE:ACHR)

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