104,950 Shares in Archer Aviation Inc. (NYSE:ACHR) Acquired by Moody National Bank Trust Division

Moody National Bank Trust Division bought a new stake in Archer Aviation Inc. (NYSE:ACHR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 104,950 shares of the company's stock, valued at approximately $1,023,000.

A number of other large investors have also bought and sold shares of the business. Hollencrest Capital Management lifted its holdings in Archer Aviation by 50.0% during the 2nd quarter. Hollencrest Capital Management now owns 9,000 shares of the company's stock worth $32,000 after buying an additional 3,000 shares in the last quarter. Townsquare Capital LLC lifted its position in Archer Aviation by 25.6% during the 3rd quarter. Townsquare Capital LLC now owns 14,877 shares of the company's stock valued at $45,000 after purchasing an additional 3,033 shares during the period. Tidal Investments LLC boosted its stake in shares of Archer Aviation by 29.9% in the 3rd quarter. Tidal Investments LLC now owns 14,518 shares of the company's stock valued at $44,000 after purchasing an additional 3,339 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Archer Aviation by 14.8% in the 2nd quarter. Hsbc Holdings PLC now owns 25,972 shares of the company's stock valued at $89,000 after purchasing an additional 3,341 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Archer Aviation by 74.3% during the 4th quarter. Versant Capital Management Inc now owns 8,048 shares of the company's stock worth $78,000 after buying an additional 3,430 shares during the period. 59.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. HC Wainwright restated a "buy" rating and issued a $12.50 price objective on shares of Archer Aviation in a report on Monday, December 16th. JPMorgan Chase & Co. downgraded Archer Aviation from an "overweight" rating to a "neutral" rating and increased their price target for the company from $6.00 to $9.00 in a research note on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective on Archer Aviation from $11.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Needham & Company LLC started coverage on Archer Aviation in a research note on Tuesday, November 19th. They issued a "buy" rating and a $11.00 target price on the stock. Finally, Cantor Fitzgerald raised their target price on Archer Aviation from $10.00 to $13.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Archer Aviation presently has an average rating of "Moderate Buy" and a consensus target price of $11.38.

Insider Buying and Selling

In related news, CEO Adam D. Goldstein sold 805,170 shares of the business's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $4.63, for a total value of $3,727,937.10. Following the completion of the sale, the chief executive officer now directly owns 4,197,136 shares in the company, valued at $19,432,739.68. The trade was a 16.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Thomas Paul Muniz sold 50,000 shares of Archer Aviation stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $12.00, for a total value of $600,000.00. Following the sale, the chief technology officer now directly owns 1,070,360 shares of the company's stock, valued at $12,844,320. This represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 776,791 shares of company stock worth $5,139,699 and have sold 1,862,899 shares worth $12,201,707. 9.75% of the stock is currently owned by corporate insiders.

Archer Aviation Price Performance

Shares of ACHR remained flat at $8.23 during midday trading on Tuesday. The company's stock had a trading volume of 27,095,929 shares, compared to its average volume of 37,505,809. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of -6.23 and a beta of 3.15. The firm has a fifty day moving average of $7.75 and a 200 day moving average of $5.08. Archer Aviation Inc. has a 1 year low of $2.82 and a 1 year high of $12.48. The company has a current ratio of 6.03, a quick ratio of 6.03 and a debt-to-equity ratio of 0.16.

Archer Aviation (NYSE:ACHR - Get Free Report) last announced its earnings results on Friday, November 8th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.05). During the same quarter last year, the business earned ($0.19) earnings per share. Analysts forecast that Archer Aviation Inc. will post -1.28 EPS for the current fiscal year.

Archer Aviation Profile

Archer Aviation Inc, together with its subsidiaries, engages in designs, develops, and operates electric vertical takeoff and landing aircraft for use in urban air mobility. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc The company is headquartered in San Jose, California.