Insider Selling: Archer Aviation (NYSE:ACHR) CAO Sells $88,970.80 in Stock

Archer Aviation Inc. (NYSE:ACHR) CAO Harsh Rungta sold 13,880 shares of Archer Aviation stock in a transaction on Monday, August 17th. The stock was sold at an average price of $6.41, for a total value of $88,970.80. Following the transaction, the chief accounting officer directly owned 110,847 shares of the company’s stock, valued at approximately $710,529.27. This represents a 11.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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.

Archer Aviation Stock Down 6.0%

ACHR opened at $6.06 on Friday. The business’s fifty day moving average is $5.28 and its two-hundred day moving average is $5.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 10.21 and a current ratio of 10.21. The company has a market cap of $4.67 billion, a price-to-earnings ratio of -5.61 and a beta of 3.20. Archer Aviation Inc. has a one year low of $4.30 and a one year high of $14.62.

Archer Aviation (NYSE:ACHR) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.34) EPS for the quarter, meeting analysts’ consensus estimates of ($0.34). The business had revenue of $5.00 million during the quarter, compared to analyst estimates of $1.94 million. Analysts anticipate that Archer Aviation Inc. will post -1.4 EPS for the current fiscal year.

More Archer Aviation News

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

• Positive Sentiment: Archer is pursuing a broader aerospace strategy through agreements to acquire Boeing-owned businesses Wisk Aero, Insitu and SkyGrid, with Boeing expected to take a strategic equity stake. The transactions could expand Archer beyond passenger air taxis into autonomy, drones and defense-related technologies. Archer Aviation Bets Big on Becoming More Than an Air Taxi Company
• Positive Sentiment: Coverage of Archer’s Halo aircraft highlights the potential to use common technology across commercial and defense applications. A dual-use product portfolio could broaden the company’s addressable market and reduce reliance on air-taxi operations alone. Can Halo Expand Archer Aviation’s Dual-Use Aircraft Opportunity?
• Neutral Sentiment: Analyst coverage remains broadly constructive, with an average brokerage recommendation equivalent to Buy, but such ratings may be overly optimistic for a speculative company that still must achieve regulatory approval and meaningful production. Brokers Suggest Investing in Archer Aviation
• Negative Sentiment: Archer registered 8.26 million vendor shares for potential resale. The filing does not mean all shares will be sold, but the prospect of additional stock entering the market can pressure ACHR and dilute or overhang existing shares. Archer Registers Vendor Shares for Resale
• Negative Sentiment: ACHR declined alongside other major eVTOL stocks despite favorable industry news, indicating investors may be taking profits or rotating away from the volatile air-taxi group. Recent insider sales by Archer executives add to the cautious tone, although the filings said the transactions covered tax withholding on vested equity awards. Air Taxi Stocks Ignore Good News

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ACHR. Barclays upgraded Archer Aviation to a “hold” rating in a research report on Wednesday, July 29th. Wells Fargo & Company set a $18.00 price target on Archer Aviation in a report on Tuesday, August 11th. HC Wainwright restated a “buy” rating on shares of Archer Aviation in a research report on Tuesday, August 11th. UBS Group reaffirmed an “overweight” rating on shares of Archer Aviation in a research note on Tuesday, August 11th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $11.00 price objective on shares of Archer Aviation in a research report on Tuesday, August 11th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $11.50.

Hedge Funds Weigh In On Archer Aviation

Several institutional investors and hedge funds have recently bought and sold shares of ACHR. Seven Grand Managers LLC acquired a new position in Archer Aviation during the fourth quarter valued at approximately $22,560,000. Norges Bank acquired a new stake in shares of Archer Aviation in the fourth quarter worth $58,494,000. California State Teachers Retirement System increased its position in shares of Archer Aviation by 21.0% in the first quarter. California State Teachers Retirement System now owns 716,066 shares of the company’s stock worth $3,702,000 after acquiring an additional 124,052 shares in the last quarter. Vanguard Group Inc. raised its stake 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 acquiring an additional 2,312,899 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Archer Aviation by 14.9% in the 4th quarter. Geode Capital Management LLC now owns 14,385,647 shares of the company’s stock valued at $108,197,000 after acquiring an additional 1,867,648 shares during the period. Institutional investors and hedge funds 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.