Target Hospitality CEO Archer Buys 13,385 Shares
Archer's open-market purchase brings his direct holdings to approximately 1.8 million shares.
Overview
James Bradley Archer, Director, CEO, and President of Target Hospitality (NASDAQ:TH), purchased 13,385 shares of common stock on Sept. 15, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average purchase price ($18.69); post-transaction value based on Sept. 15, 2026, market close ($18.75).
Details
Target Hospitality operates as a specialized provider of temporary workforce accommodations and hospitality services, leveraging a geographically diversified portfolio to serve clients in the industrial and energy sectors. The company's business model capitalizes on the persistent demand for flexible, managed lodging solutions in remote and project-intensive locations, providing comprehensive facilities management and ancillary services that create operational efficiency for its customer base. With a market capitalization of $1.9 billion and TTM revenues of $347.4 million, Target Hospitality has demonstrated significant market recognition despite near-term profitability headwinds, reflecting investor confidence in the structural demand for its specialized services.
Source
Originally published at www.fool.com.