Michael Spellacy Purchases Archer Aviation Shares

On June 26, 2026, Michael Spellacy, an insider at Archer Aviation Inc. (NYSE:ACHR), purchased 19,102 shares of the company. This transaction reflects active insider engagement with the aerospace company, which focuses on developing electric vertical takeoff and landing (eVTOL) aircraft.

Insider Buying and Selling at Archer Aviation Inc.

The recent insider activity at Archer Aviation saw Michael Spellacy acquiring 19,102 shares. The transaction did not occur under a pre-planned trading program, suggesting a direct investment decision. Other insiders, including Maria Pinelli and Oscar Munoz, were also active on the same date, with Munoz both buying and selling 19,102 shares.

Other Institutional Activity in Archer Aviation

Several institutional investors have adjusted their positions in Archer Aviation. BlackRock, Inc. increased its holdings by 1,537,251 shares, reaching a total of 58,898,973 shares valued at approximately $304.5 million, a 2.7% increase. State Street Corp significantly boosted its position by 10,871,444 shares, a 33.2% increase, ending with 43,644,580 shares worth $225.6 million. ARK Investment Management LLC also raised its stake by 2,266,361 shares to 37,437,062 shares, valued at $193.5 million, marking a 6.4% increase. Meanwhile, Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, acquiring 24,545,543 shares and 23,073,534 shares, respectively.

Archer Aviation Inc. Stock Down 18.1%

Shares of Archer Aviation (NYSE:ACHR) traded near $4.74 on Wednesday. The company has a market cap of $3.72 billion and a forward P/E ratio of -5.14, indicating it is not currently profitable. With a beta of 3.146, the stock shows higher volatility compared to the broader market. Archer's 52-week range is between $4.71 and $14.62, with a 50-day moving average of $5.92 and a 200-day moving average of $7.64. The company maintains a strong liquidity position, with a current ratio of 18.059 and a quick ratio of 16.881.

Analysts Set New Price Targets

Analysts have been active with their ratings on Archer Aviation. On May 12, 2026, Canaccord Genuity maintained its 'buy' rating with a $12 price target. Earlier, Needham affirmed a 'buy' rating with a $9 target on March 3, 2026. The consensus among analysts is a 'buy' recommendation, with an average target price of $10.61 based on nine analyst opinions.

About Archer Aviation

Archer Aviation Inc. is a company engaged in designing and developing advanced aircraft technologies, focusing on electric vertical takeoff and landing (eVTOL) aircraft. These aircraft are intended for urban air taxi operations. Headquartered in San Jose, California, Archer Aviation serves both commercial and defense sectors in the U.S. and internationally. The company is led by CEO Adam D. Goldstein and employs approximately 1,160 people.

Bottom Line

Michael Spellacy's recent purchase of Archer Aviation shares highlights insider confidence in the company's future. Investors often track such insider transactions for potential insights into a company's prospects. It's important to note that insider transactions are disclosed after they occur, providing a backward-looking view of insider activity. Archer Aviation continues to attract institutional interest, indicating ongoing confidence in its innovative aerospace solutions.