Blade Air Mobility, Inc. (NASDAQ:BLDE - Get Free Report) General Counsel Melissa M. Tomkiel sold 22,486 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $5.01, for a total value of $112,654.86. Following the transaction, the general counsel now owns 1,039,140 shares in the company, valued at $5,206,091.40. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Blade Air Mobility Trading Down 3.3 %
BLDE stock opened at $4.33 on Thursday. The firm has a 50 day moving average of $3.76 and a 200-day moving average of $3.38. The company has a market cap of $339.10 million, a price-to-earnings ratio of -6.28 and a beta of 1.13. Blade Air Mobility, Inc. has a 12-month low of $2.45 and a 12-month high of $5.17.
Hedge Funds Weigh In On Blade Air Mobility
Hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC grew its holdings in Blade Air Mobility by 764.5% in the second quarter. CWM LLC now owns 7,374 shares of the company's stock valued at $26,000 after purchasing an additional 6,521 shares during the last quarter. Sei Investments Co. acquired a new stake in Blade Air Mobility in the 2nd quarter valued at about $38,000. EverSource Wealth Advisors LLC acquired a new position in Blade Air Mobility during the second quarter worth about $40,000. Cobblestone Capital Advisors LLC NY purchased a new stake in shares of Blade Air Mobility in the third quarter valued at about $35,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Blade Air Mobility in the second quarter valued at approximately $50,000. 47.36% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
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Separately, JPMorgan Chase & Co. increased their price target on shares of Blade Air Mobility from $5.00 to $6.00 and gave the company an "overweight" rating in a report on Tuesday, October 29th.
View Our Latest Research Report on BLDE
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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