Michael Spellacy Sells Shares of Archer Aviation

On June 26, 2026, Michael Spellacy sold 19,102 shares of Archer Aviation Inc. (NYSE:ACHR). This insider transaction was not part of a pre-planned trading program. Shares of Archer Aviation traded near $4.74 on Wednesday.

Insider Buying and Selling at Archer Aviation Inc.

In addition to Michael Spellacy's sale, other insider activities included Deborah Diaz selling 19,102 shares and Oscar Munoz both buying and selling the same amount on June 26. Maria Pinelli also purchased 40,983 shares on the same day. None of these transactions were pre-planned.

Other Institutional Activity in Archer Aviation

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

Archer Aviation Inc. Stock Down 18.1%

Archer Aviation's stock, listed on the NYSE under the ticker ACHR, had a market capitalization of about $3.72 billion. The company is not currently profitable, with a forward P/E ratio of -5.14. The stock's beta is 3.146, indicating higher volatility compared to the market. Over the past 52 weeks, the share price has ranged from $4.71 to $14.62. The 50-day moving average is $5.92, while the 200-day moving average stands at $7.64. The company's financial stability is reflected in its high current ratio of 18.06 and quick ratio of 16.88, with a debt-to-equity ratio of 5.86.

Analysts Set New Price Targets

Analyst coverage includes a range of ratings and price targets for Archer Aviation. On May 12, 2026, Canaccord Genuity maintained its 'buy' rating with a price target of $12. Needham also maintained a 'buy' rating with a $9 target on March 3, 2026. The consensus among nine analysts is a strong buy, with an average price target of $10.61.

About Archer Aviation

Archer Aviation Inc., based in San Jose, California, specializes in designing and developing electric vertical takeoff and landing (eVTOL) aircraft. These aircraft are intended for urban air taxi operations, serving both commercial and defense sectors. Led by CEO Adam D. Goldstein, the company employs around 1,160 people.

Bottom Line

Michael Spellacy's recent sale of Archer Aviation shares is part of ongoing insider activity at the company. While insiders are adjusting their positions, institutional investors like BlackRock and State Street are increasing their stakes, and analysts continue to show interest in the stock. Investors often track such insider and institutional activities for potential insights, though it's important to remember that 13F filings and insider transactions reflect past actions and may not represent current positions.