Blade Air Mobility, Inc. (NASDAQ:BLDE) CFO William A. Heyburn Sells 103,670 Shares

Blade Air Mobility, Inc. (NASDAQ:BLDE) CFO William A. Heyburn sold 103,670 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $5.02, for a total transaction of $520,423.40. Following the transaction, the chief financial officer now owns 1,223,120 shares in the company, valued at $6,140,062.40. The trade was a 7.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Blade Air Mobility Price Performance

NASDAQ:BLDE opened at $3.82 on Friday. The firm has a market capitalization of $299.16 million, a P/E ratio of -5.54 and a beta of 1.14. Blade Air Mobility, Inc. has a 1-year low of $2.45 and a 1-year high of $5.17. The company’s fifty day moving average price is $4.05 and its 200-day moving average price is $3.55.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased 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.

Institutional Trading of Blade Air Mobility

A number of hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its holdings in Blade Air Mobility by 18.9% during the third quarter. Stifel Financial Corp now owns 35,755 shares of the company’s stock worth $105,000 after buying an additional 5,683 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Blade Air Mobility by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 170,117 shares of the company’s stock worth $500,000 after buying an additional 10,272 shares in the last quarter. Sei Investments Co. purchased a new stake in Blade Air Mobility during the second quarter worth $38,000. EverSource Wealth Advisors LLC purchased a new position in Blade Air Mobility during the second quarter valued at $40,000. Finally, Cobblestone Capital Advisors LLC NY purchased a new position in Blade Air Mobility during the third quarter valued at $35,000. 47.36% of the stock is owned by hedge funds and other institutional investors.

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.