Blade Air Mobility, Inc. (NASDAQ:BLDE - Get Free Report) CEO Robert S. Wiesenthal sold 2,100,000 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $3.22, for a total transaction of $6,762,000.00. Following the sale, the chief executive officer now owns 4,812,892 shares of the company's stock, valued at approximately $15,497,512.24. This represents a 30.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Blade Air Mobility Stock Down 7.6 %
NASDAQ BLDE opened at $3.16 on Friday. The firm has a 50-day moving average price of $3.40 and a 200 day moving average price of $3.30. Blade Air Mobility, Inc. has a 52-week low of $2.45 and a 52-week high of $4.24. The stock has a market capitalization of $246.27 million, a P/E ratio of -4.58 and a beta of 1.05.
Hedge Funds Weigh In On Blade Air Mobility
A number of institutional investors and hedge funds have recently made changes to their positions in BLDE. ARK Investment Management LLC grew its position in Blade Air Mobility by 12.0% during the third quarter. ARK Investment Management LLC now owns 7,217,251 shares of the company's stock worth $21,219,000 after buying an additional 774,114 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in 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 worth $14,130,000 after purchasing an additional 381,308 shares during the last quarter. Vanguard Group Inc. boosted its position in Blade Air Mobility by 1.0% during the first quarter. Vanguard Group Inc. now owns 2,967,500 shares of the company's stock worth $8,457,000 after purchasing an additional 28,622 shares in the last quarter. AWM Investment Company Inc. grew its holdings in Blade Air Mobility by 53.8% in the first quarter. AWM Investment Company Inc. now owns 2,136,378 shares of the company's stock valued at $6,089,000 after purchasing an additional 747,743 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Blade Air Mobility by 4.0% in the third quarter. Geode Capital Management LLC now owns 1,375,295 shares of the company's stock valued at $4,044,000 after buying an additional 52,274 shares in the last quarter. 47.36% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
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Separately, JPMorgan Chase & Co. increased their price objective on Blade Air Mobility from $5.00 to $6.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th.
Get Our Latest Analysis on Blade Air Mobility
About Blade Air Mobility
(
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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.
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