Investors Buy Large Volume of Archer Aviation Call Options (NYSE:ACHR)

Archer Aviation Inc. (NYSE:ACHR) was the target of some unusual options trading activity on Monday. Traders acquired 77,081 call options on the stock. This represents an increase of approximately 71% compared to the average volume of 45,024 call options.

Insider Buying and Selling at Archer Aviation

In other Archer Aviation news, insider Eric Lentell sold 48,169 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.95, for a total transaction of $286,605.55. Following the transaction, the insider owned 141,084 shares in the company, valued at $839,449.80. The trade was a 25.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Priya Gupta sold 9,860 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.95, for a total value of $58,667.00. Following the transaction, the chief financial officer owned 189,050 shares in the company, valued at approximately $1,124,847.50. This represents a 4.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 250,743 shares of company stock worth $1,497,672. Insiders own 5.55% of the company’s stock.

Institutional Investors Weigh In On Archer Aviation

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Archer Aviation by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 54,676,158 shares of the company’s stock valued at $411,165,000 after purchasing an additional 2,312,899 shares in the last quarter. ARK Investment Management LLC grew its position in shares of Archer Aviation by 12.4% during the fourth quarter. ARK Investment Management LLC now owns 35,170,701 shares of the company’s stock worth $264,484,000 after buying an additional 3,869,252 shares in the last quarter. State Street Corp grew its position in shares of Archer Aviation by 11.2% during the fourth quarter. State Street Corp now owns 32,773,136 shares of the company’s stock worth $246,454,000 after buying an additional 3,293,130 shares in the last quarter. Morgan Stanley increased its stake in shares of Archer Aviation by 21.6% in the fourth quarter. Morgan Stanley now owns 15,717,522 shares of the company’s stock worth $118,196,000 after buying an additional 2,796,488 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Archer Aviation by 14.9% in the fourth quarter. Geode Capital Management LLC now owns 14,385,647 shares of the company’s stock worth $108,197,000 after buying an additional 1,867,648 shares during the last quarter. 59.34% of the stock is currently owned by hedge funds and other institutional investors.

Archer Aviation News Summary

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

• Positive Sentiment: Archer and Anduril unveiled Thunder, an autonomous hybrid-electric VTOL platform that could open new revenue opportunities in defense as well as commercial aviation. Anduril and Archer Unveil Jointly-Developed Autonomous VTOL Platform For Commercial and Defense Applications
• Positive Sentiment: The partnership was highlighted as a potential way for Archer to reduce dependence on the slow air-taxi rollout and accelerate monetization through defense contracts. Archer, Anduril unveil autonomous aircraft platform for defense, commercial markets
• Neutral Sentiment: Technical traders say the stock has already rallied sharply and may be running into resistance after the recent surge, which could limit further near-term upside. Stock Of The Day: Where Is The Top For Archer Aviation?
• Negative Sentiment: Archer still faces a long timeline to commercialize its core business, with certification targeted for 2028 and meaningful revenue from Thunder likely not arriving soon. Archer CEO reaffirms ‘ambitious’ 2028 flight goal as company unveils military craft with Anduril

Archer Aviation Stock Performance

Archer Aviation stock opened at $5.28 on Wednesday. Archer Aviation has a 12-month low of $4.30 and a 12-month high of $14.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 18.06 and a quick ratio of 18.06. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of -4.80 and a beta of 3.19. The firm’s fifty day moving average price is $5.52 and its 200 day moving average price is $6.32.

Archer Aviation (NYSE:ACHR) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). The business had revenue of $1.60 million for the quarter, compared to the consensus estimate of $1.66 million. During the same period in the prior year, the firm posted ($0.17) earnings per share. On average, research analysts forecast that Archer Aviation will post -1.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on ACHR shares. Canaccord Genuity Group dropped their target price on Archer Aviation from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Archer Aviation in a report on Friday. Four equities 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.83.

About Archer Aviation

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.