Blade Air Mobility, Inc. (NASDAQ:BLDE - Get Free Report) General Counsel Melissa M. Tomkiel sold 44,621 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $3.40, for a total transaction of $151,711.40. Following the transaction, the general counsel now directly owns 1,173,003 shares in the company, valued at approximately $3,988,210.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Blade Air Mobility Trading Up 4.9 %
NASDAQ BLDE opened at $3.66 on Thursday. The company has a market cap of $285.22 million, a P/E ratio of -5.30 and a beta of 1.05. The company has a fifty day simple moving average of $3.39 and a 200 day simple moving average of $3.30. Blade Air Mobility, Inc. has a 12-month low of $2.45 and a 12-month high of $4.24.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in BLDE. Tidal Investments LLC bought a new position in Blade Air Mobility in the 1st quarter valued at about $1,721,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Blade Air Mobility by 10.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,060,282 shares of the company's stock valued at $14,130,000 after buying an additional 381,308 shares during the last quarter. Virtu Financial LLC bought a new position in Blade Air Mobility during the 1st quarter valued at $171,000. Dimensional Fund Advisors LP boosted its holdings in Blade Air Mobility by 24.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 937,856 shares of the company's stock worth $3,264,000 after acquiring an additional 181,630 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Blade Air Mobility during the 1st quarter worth $66,000. 47.36% of the stock is owned by institutional investors.
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Separately, JPMorgan Chase & Co. raised their target price on Blade Air Mobility from $5.00 to $6.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th.
Read Our Latest Stock Analysis on Blade Air Mobility
About Blade Air Mobility
(
Get Free Report)
Blade Air Mobility, Inc provides air transportation alternatives to the congested ground routes in the United States. It provides its services through charter and by-the-seat flights using helicopters, jets, turboprops, and amphibious seaplanes. The company was founded in 2014 and is headquartered in New York, New York.
Further Reading
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