Insider Selling: Blade Air Mobility, Inc. (NASDAQ:BLDE) CEO Sells $6,762,000.00 in Stock

Blade Air Mobility, Inc. (NASDAQ:BLDE) CEO Robert S. Wiesenthal sold 2,100,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $3.22, for a total value of $6,762,000.00. Following the completion of 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 trade represents a 30.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Blade Air Mobility Price Performance

Blade Air Mobility stock opened at $3.16 on Monday. Blade Air Mobility, Inc. has a fifty-two week low of $2.45 and a fifty-two week high of $4.24. The firm has a fifty day moving average price of $3.40 and a two-hundred day moving average price of $3.30. The firm has a market cap of $246.26 million, a price-to-earnings ratio of -4.58 and a beta of 1.05.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Blade Air Mobility from $5.00 to $6.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th.

Hedge Funds Weigh In On Blade Air Mobility

Several large investors have recently made changes to their positions in BLDE. Geode Capital Management LLC grew its holdings in Blade Air Mobility by 4.0% in the 3rd 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 during the last quarter. Barclays PLC grew its stake in shares of 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 acquiring an additional 56,079 shares during the last quarter. XTX Topco Ltd increased its position in Blade Air Mobility by 384.7% during the third quarter. XTX Topco Ltd now owns 73,763 shares of the company’s stock worth $217,000 after acquiring an additional 58,545 shares during the period. Zacks Investment Management acquired a new position in Blade Air Mobility during the 3rd quarter valued at $89,000. Finally, Wolverine Trading LLC bought a new stake in Blade Air Mobility in the 3rd quarter valued at $119,000. Institutional investors and hedge funds own 47.36% of the company’s stock.

About Blade Air Mobility

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.