Blade Air Mobility, Inc. (NASDAQ:BLDE - Get Free Report) CFO William A. Heyburn sold 23,815 shares of Blade Air Mobility stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $5.02, for a total transaction of $119,551.30. Following the sale, the chief financial officer now owns 1,376,111 shares in the company, valued at $6,908,077.22. This represents a 1.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Blade Air Mobility Trading Down 4.0 %
BLDE stock opened at $4.28 on Wednesday. Blade Air Mobility, Inc. has a twelve month low of $2.45 and a twelve month high of $5.17. The company has a market capitalization of $335.17 million, a P/E ratio of -6.20 and a beta of 1.13. The firm has a 50 day simple moving average of $3.55 and a 200-day simple moving average of $3.32.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. lifted their price objective on shares of Blade Air Mobility from $5.00 to $6.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th.
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Hedge Funds Weigh In On Blade Air Mobility
A number of hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC boosted its holdings in Blade Air Mobility by 15.4% in the third quarter. Tidal Investments LLC now owns 655,616 shares of the company's stock worth $1,928,000 after purchasing an additional 87,496 shares during the period. Barclays PLC boosted its holdings in Blade Air Mobility by 50.9% in the third quarter. Barclays PLC now owns 166,154 shares of the company's stock worth $488,000 after purchasing an additional 56,079 shares during the period. Geode Capital Management LLC boosted its holdings in 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 worth $4,044,000 after purchasing an additional 52,274 shares during the period. XTX Topco Ltd boosted its holdings in Blade Air Mobility by 384.7% in the third quarter. XTX Topco Ltd now owns 73,763 shares of the company's stock worth $217,000 after purchasing an additional 58,545 shares during the period. Finally, Zacks Investment Management acquired a new position in Blade Air Mobility in the third quarter worth $89,000. Institutional investors and hedge funds own 47.36% of the company's stock.
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.
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