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Thomas Paul Muniz, Chief Technology Officer of Archer Aviation Inc. (NYSE:ACHR), recently offloaded a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Muniz sold 99,224 shares of Archer Aviation’s Class A common stock on March 4, 2025. The shares were sold at a weighted average price of $7.70, resulting in a total transaction value of approximately $764,193. The stock, currently trading at $7.98, has shown remarkable strength with a 145% gain over the past six months, according to InvestingPro data.
The sale of these shares was executed to satisfy tax withholding obligations related to the vesting of restricted stock units. Following this transaction, Muniz retains ownership of 1,131,443 shares of Archer Aviation’s Class A common stock. InvestingPro analysis reveals the company maintains a strong liquidity position with a current ratio of 12.07 and holds more cash than debt on its balance sheet. Discover 10+ additional exclusive insights and detailed financial metrics with an InvestingPro subscription.
In other recent news, Archer Aviation Inc. reported a mixed financial performance for the fourth quarter of 2024, highlighting a strong liquidity position with over $1 billion, though facing challenges with rising expenses. Non-GAAP operating expenses increased by 22% year-over-year, totaling $380.6 million, while cash used in operations and investing amounted to $450.6 million. Analysts from Cantor Fitzgerald, Benchmark, Needham, and Canaccord Genuity have maintained positive outlooks on Archer Aviation, with price targets ranging from $12 to $13.50, reflecting confidence in the company’s strategic partnerships and commercialization efforts. Archer Aviation’s order book, exceeding $6 billion, includes significant orders from clients like United Airlines and Interglobe. The company is advancing its Midnight electric vertical takeoff and landing (eVTOL) aircraft in the FAA certification process, with plans to deliver the first Midnight eVTOL to the UAE’s General Civil Aviation Authority later this year. Analyst firms have noted Archer’s strategic moves into international markets and defense sectors, expecting early monetization and expansion opportunities. Despite the uncertainty surrounding FAA certification, analysts see Archer Aviation as well-positioned in the urban air mobility market.
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