SAN JOSE, CA—Tosha Perkins, Chief People Partnerships Officer at Archer Aviation Inc. (NYSE:ACHR), executed a series of transactions involving Class A Common Stock, according to a recent SEC filing. On May 16, Perkins sold 40,186 shares at an average price of $12.9879, resulting in a total sale value of approximately $521,931. The stock has shown remarkable momentum, delivering a 51% return in the past week and 259% over the last year, according to InvestingPro data.
The sale was part of a broader transaction to satisfy tax withholding obligations related to the vesting of restricted stock units. This transaction followed the acquisition of shares through the vesting of restricted stock units on May 15. After these transactions, Perkins holds 256,799 shares directly. The company maintains strong liquidity with a current ratio of 15.8, indicating robust financial health despite not yet achieving profitability.
Archer Aviation continues to be a focal point in the aviation industry with its innovative approaches and leadership team, including Perkins, steering the company through its growth phases. With a market capitalization of $2.37 billion, the company has attracted significant investor attention. InvestingPro subscribers can access 15 additional key insights about ACHR’s valuation and growth prospects.
In other recent news, Archer Aviation reported a narrower-than-expected loss for the first quarter of 2025, with an earnings per share (EPS) of -$0.17, surpassing the forecasted -$0.28. The company’s cash position reached a substantial $1.03 billion, marking the highest in its history. Archer Aviation has been selected as the Official Air Taxi Provider for the LA28 Olympic and Paralympic Games, showcasing its Midnight eVTOL aircraft. Cantor Fitzgerald maintained its Overweight rating on Archer Aviation, expressing optimism about the progress of the FAA’s Type Certification process and the company’s strategic partnerships. Archer’s collaborations with entities like the Department of Defense and United Airlines are seen as key advantages in its commercialization efforts. The company plans to initially launch its eVTOL aircraft in the United Arab Emirates by the fourth quarter of 2025. Archer’s financial strength is further emphasized by its robust cash balance, which supports its strategic initiatives and growth plans.
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