Target Hospitality CEO Archer Buys 13,385 Shares
Key PointsThe transaction was valued at approximately $250,166.
Target Hospitality CEO James Bradley Archer acquired 13,385 shares of the company's common stock on September 15, 2026, as reported by a recent SEC Form 4 filing. The transaction cost Archer an estimated $250,348.15, calculated based on the weighted average purchase price of $18.69 per share. According to the market close on September 15, 2026, the shares were valued at $18.75 each, giving Archer a post-transaction value of around $250,387.50.
Target Hospitality is a company that specializes in providing temporary workforce accommodations and hospitality services, focusing on the industrial and energy sectors. The firm's operations span across various geographies, catering to clients requiring flexible, managed lodging solutions in remote and project-intensive locations.
The company's business model hinges on the consistent demand for such services, bolstered by its capacity to offer comprehensive facilities management and ancillary services that enhance operational efficiency for its clientele. Despite operating at a near-term loss, Target Hospitality commands a robust market capitalization of $1.9 billion, with trailing twelve-month revenues totaling $347.4 million.
This financial performance underscores the company's resilience and investor confidence in the sustained demand for its unique value proposition.
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