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Tosha Perkins, CHIEF PEOPLE PARTNERSHIPS OFF. of Archer Aviation Inc (NYSE:ACHR), sold 42,775 shares of Class A Common Stock on August 18 at prices ranging from $9.62 to $10.21, for a total of $420,456. The sale comes as ACHR trades near its current price of $9.29, showing significant volatility with a beta of 3.09. According to InvestingPro analysis, the stock has delivered an impressive 156% return over the past year.
On August 15, Perkins also exercised options to acquire a total of 84,213 shares of Class A Common Stock at a price of $0. Additionally, Perkins gifted 3,000 shares of Class A Common Stock.
Following these transactions, Perkins directly owns 295,337 shares of Archer Aviation Inc.
In other recent news, Archer Aviation reported its earnings for the second quarter of 2025, revealing a net loss per share that was larger than analysts had anticipated. Despite missing earnings expectations, the company remains focused on its strategic investments in eVTOL technology and manufacturing capabilities. Archer Aviation’s Midnight aircraft recently completed its longest piloted flight to date, covering 55 miles in 31 minutes at speeds exceeding 126 mph. This test flight marks a significant milestone in the company’s ongoing efforts to advance its technology.
Benchmark has reiterated its Buy rating on Archer Aviation, maintaining a price target of $12. The firm highlighted the progress in eVTOL certification, noting that 15% of the company’s compliance verification documents have been approved by the FAA. Cantor Fitzgerald also reiterated its Overweight rating, with a price target of $13, citing Archer’s manufacturing ramp-up and commercialization plans. The company aims to commercialize its aircraft by the fourth quarter of 2025, with initial deployment targeting the U.A.E. market. These developments reflect Archer Aviation’s strategic focus on future growth, despite current financial challenges.
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