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Eric Lentell, General Counsel and Secretary of Archer Aviation Inc. (NYSE:ACHR), recently sold a significant portion of his holdings in the company. According to a filing submitted to the Securities and Exchange Commission, Lentell sold 43,230 shares of Class A Common Stock on March 4, 2025, at a weighted average price of $7.7017 per share. This transaction amounted to a total of approximately $332,944. The sale comes as ACHR shares have shown remarkable strength, gaining over 145% in the past six months, according to InvestingPro data.
The shares were sold in multiple transactions with prices ranging from $7.41 to $8.12. This sale was conducted to satisfy tax withholding obligations incurred in connection with the vesting of restricted stock units, as per company policy. With analyst price targets ranging from $4.50 to $13.50, and the stock currently trading near InvestingPro’s Fair Value estimate, investors seeking deeper insights can access 12 additional ProTips and comprehensive valuation metrics through InvestingPro’s detailed research reports.
Following the sale, Lentell now directly owns 53,225 shares of Archer Aviation’s Class A Common Stock. The transaction underscores the ongoing management of equity holdings by company insiders, a common practice to meet financial obligations or diversify personal portfolios. The company maintains strong liquidity with a current ratio of 12.07, and InvestingPro analysis indicates the stock typically trades with high volatility, making it crucial for investors to monitor insider transactions closely.
In other recent news, Archer Aviation reported its Q4 2024 earnings, revealing a strong liquidity position with over $1 billion, despite a 22% year-over-year increase in operating expenses. The company has advanced its Midnight electric air taxi development and plans to commercially launch the aircraft in 2025. Analyst firms have shown confidence in Archer Aviation’s potential, with Cantor Fitzgerald, Benchmark, Needham, and Canaccord Genuity all maintaining positive ratings and raising price targets, reflecting optimism about the company’s strategic partnerships and commercialization efforts.
Cantor Fitzgerald and Needham both set a price target of $13, while Canaccord Genuity increased its target to $13.50, citing Archer’s strong positioning in the urban air mobility market. Archer Aviation’s order book exceeds $6 billion, with significant orders from United Airlines and other international clients, providing a solid foundation for future revenue. The company has introduced a "Launch Edition" program aimed at early commercialization in international markets before obtaining FAA type certification, with Abu Dhabi Aviation set to become the first Midnight operator.
Archer is also pursuing opportunities in the defense sector through a partnership with Anduril Industries, focusing on hybrid aircraft development. The company’s strategic moves, including its expansion into the UAE and partnerships with key industry players, are expected to drive significant financial milestones in the coming years. Despite challenges with FAA certification, analysts remain optimistic about Archer’s ability to execute its business plan and achieve positive gross margins by FY25.
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