Harsh Rungta Sells 12,414 Shares of Archer Aviation (NYSE:ACHR) Stock

Archer Aviation Inc. (NYSE:ACHR) CAO Harsh Rungta sold 12,414 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $5.95, for a total transaction of $73,863.30. Following the completion of the transaction, the chief accounting officer owned 87,210 shares of the company’s stock, valued at $518,899.50. This trade represents a 12.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Harsh Rungta also recently made the following trade(s):

• On Thursday, March 5th, Harsh Rungta sold 22,826 shares of Archer Aviation stock. The shares were sold at an average price of $6.46, for a total value of $147,455.96.

Archer Aviation Stock Down 2.1%

ACHR opened at $5.79 on Thursday. The stock has a market cap of $4.31 billion, a PE ratio of -5.26 and a beta of 3.13. The company has a quick ratio of 18.06, a current ratio of 18.06 and a debt-to-equity ratio of 0.06. Archer Aviation Inc. has a 52 week low of $4.80 and a 52 week high of $14.62. The business’s fifty day simple moving average is $5.85 and its 200 day simple moving average is $7.17.

Archer Aviation (NYSE:ACHR) last released its earnings results on Monday, May 11th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). The company had revenue of $1.60 million during the quarter, compared to analyst estimates of $1.66 million. During the same quarter in the previous year, the company posted ($0.17) earnings per share. As a group, research analysts expect that Archer Aviation Inc. will post -1.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ACHR shares. Canaccord Genuity Group reduced their target price on Archer Aviation from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Archer Aviation in a research note on Monday, April 20th. Finally, Needham & Company LLC reduced their target price 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. 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 stock. Based on data from MarketBeat, Archer Aviation has an average rating of “Moderate Buy” and an average target price of $11.83.

Key Archer Aviation News

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

• Positive Sentiment: Seeking Alpha upgraded Archer Aviation (ACHR) to Buy with an $8–$10 price target, saying the company has accelerated FAA certification progress and now has multiple potential 2026 revenue drivers, including UAE commercial operations, the U.S. eVTOL Integration Pilot Program, and defense contracts. The note also highlighted a stronger liquidity position and lower regulatory risk after Archer became the first eVTOL company to enter Phase 4 of FAA certification. Article Title
• Positive Sentiment: Analysts remain broadly constructive overall, with multiple recent Buy ratings and price targets above the current share price, which supports the view that Wall Street still sees upside if Archer keeps advancing certification and commercialization. Article Title
• Neutral Sentiment: Archer’s CFO, CTO, CAO, and another insider disclosed stock sales, but the filings say the transactions were made to cover tax withholding obligations tied to vesting equity awards rather than a strategic exit. Still, the volume of insider selling can weigh on investor sentiment. Article Title
• Neutral Sentiment: News about the ongoing legal battle between Archer and rival Joby over California air-taxi competition adds noise to the story, but it does not appear to change the core investment case as much as certification progress and funding updates. Article Title
• Negative Sentiment: The stock is also reacting to reminders that Archer is still early in commercialization, recently missing earnings and revenue estimates, which keeps pressure on the shares until the company proves it can convert certification progress into meaningful sales. Article Title

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Gould Capital LLC increased its holdings in shares of Archer Aviation by 238.1% in the fourth quarter. Gould Capital LLC now owns 3,560 shares of the company’s stock worth $27,000 after buying an additional 2,507 shares during the period. Strs Ohio purchased a new position in shares of Archer Aviation in the first quarter worth about $27,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Archer Aviation by 840.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,732 shares of the company’s stock worth $28,000 after buying an additional 3,335 shares during the period. Johnson Investment Counsel Inc. purchased a new position in shares of Archer Aviation in the third quarter worth about $29,000. Finally, Modus Advisors LLC purchased a new position in shares of Archer Aviation in the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 59.34% of the company’s stock.

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.