New Horizon Aircraft CEO Eric Brandon Robinson buys $26,671 in shares

Eric Brandon Robinson, the Chief Executive Officer of New Horizon Aircraft Ltd. (NASDAQ:HOVR), has made a series of share purchases, according to a recent SEC filing. Over a span of several months, Robinson acquired a total of 26,671 Class A Ordinary Shares, with transaction prices ranging from $0.335 to $1.069 per share. As of the latest transaction, Robinson’s direct ownership stands at 45,926 shares. The timing appears strategic, as HOVR shares have surged 93% over the past six months, with the stock currently trading at $1.12.

The transactions, which occurred between May 2024 and May 2025, demonstrate Robinson’s continued investment in New Horizon Aircraft. The purchases were made in multiple tranches, with the most recent acquisition on May 20, 2025, involving 3,625 shares at a price of $0.69 per share. According to InvestingPro data, the company maintains strong financial health with a current ratio of 7.11, indicating robust liquidity.

Robinson’s series of purchases reflect a strategic move to increase his stake in the company, signaling confidence in New Horizon Aircraft’s future prospects. The shares are held directly by Robinson, with an additional 2,317,510 shares indirectly owned through Robinson Family Ventures Inc.

Investors and analysts will be watching closely to see how these moves might influence the company’s performance and market perception in the coming months.

In other recent news, Horizon Aircraft has made notable advancements in the development of its hybrid electric vertical takeoff and landing (eVTOL) aircraft. The company achieved a significant milestone with the successful full wing transition of its Cavorite X7 prototype, a crucial step in the aircraft’s development. This achievement highlights Horizon Aircraft’s technological progress and its potential in the emerging Advanced Air Mobility (AAM) market. The company is currently in the design phase of the Cavorite X7, which will feature seven seats and capabilities for vertical takeoff and landing. Oak Ridge Financial has initiated coverage on Horizon Aircraft with a Buy rating and set a price target of $2.35, reflecting confidence in the company’s future prospects. The firm’s valuation is based on a 3.00x EV/Sales metric applied to Horizon’s fiscal year 2030 estimate. Horizon Aircraft’s advancements are being closely monitored by investors and industry observers as the company aims to complete testing and certification of the Cavorite X7. The successful development of this aircraft could position Horizon Aircraft as a significant player in the AAM industry.

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