Archer Aviation (NYSE:ACHR) CFO Sells $45,539.01 in Stock

Key Points

• CFO Priya Gupta sold 7,263 shares on March 13 at an average of $6.27 for $45,539, trimming her holding to 178,512 shares (a 3.91% reduction); she also sold 10,172 shares on March 5 at about $6.46.
• Archer reported a larger-than-expected quarterly loss (EPS -$0.26 vs. -$0.17 expected) and only $0.3M in revenue, while the stock trades near $6 (one‑year range $5.48–$14.62) and carries a consensus rating of Moderate Buy with an average target of $12.

Archer Aviation Inc. (NYSE:ACHR - Get Free Report) CFO Priya Gupta sold 7,263 shares of the company's stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $6.27, for a total transaction of $45,539.01. Following the completion of the transaction, the chief financial officer owned 178,512 shares of the company's stock, valued at $1,119,270.24. This trade represents a 3.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Priya Gupta also recently made the following trade(s):

• On Thursday, March 5th, Priya Gupta sold 10,172 shares of Archer Aviation stock. The stock was sold at an average price of $6.46, for a total transaction of $65,711.12.

Archer Aviation Stock Up 1.6%

ACHR traded up $0.10 during trading on Monday, hitting $6.13. The company had a trading volume of 34,232,629 shares, compared to its average volume of 29,777,946. The company has a current ratio of 19.89, a quick ratio of 19.89 and a debt-to-equity ratio of 0.05. Archer Aviation Inc. has a one year low of $5.48 and a one year high of $14.62. The firm's 50-day moving average price is $7.46 and its 200 day moving average price is $8.61.

Archer Aviation (NYSE:ACHR - Get Free Report) last released its quarterly earnings results on Monday, March 2nd. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.09). The business had revenue of $0.30 million during the quarter, compared to analysts' expectations of $1.40 million. The business's quarterly revenue was up 29900.0% on a year-over-year basis. As a group, equities research analysts predict that Archer Aviation Inc. will post -1.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Archer Aviation

Several hedge funds have recently bought and sold shares of ACHR. Johnson Investment Counsel Inc. acquired a new position in Archer Aviation during the third quarter worth approximately $29,000. Bank of Jackson Hole Trust lifted its position in shares of Archer Aviation by 45.9% in the third 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 last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Archer Aviation by 105.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,318 shares of the company's stock worth $36,000 after acquiring an additional 1,702 shares during the period. Sound Income Strategies LLC acquired a new position in shares of Archer Aviation during the 3rd quarter worth approximately $33,000. Finally, Center for Financial Planning Inc. increased its holdings in shares of Archer Aviation by 138.8% during the 3rd quarter. Center for Financial Planning Inc. now owns 3,510 shares of the company's stock worth $34,000 after acquiring an additional 2,040 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 equities analysts have weighed in on the company. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Archer Aviation in a research report on Monday, November 24th. Needham & Company LLC dropped their target price on Archer Aviation from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Tuesday, March 3rd. The Goldman Sachs Group initiated coverage on Archer Aviation in a research report on Monday, December 1st. They set a "neutral" rating and a $11.00 price target for the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Archer Aviation in a research note on Wednesday, January 21st. Finally, 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 report on Friday, November 21st. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $12.00.

Archer Aviation Company Profile

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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