Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Sells $151,711.40 in Stock

Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Melissa M. Tomkiel sold 44,621 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $3.40, for a total value of $151,711.40. Following the completion of the transaction, the general counsel now directly owns 1,173,003 shares in the company, valued at approximately $3,988,210.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Blade Air Mobility Stock Up 4.9 %

Shares of BLDE traded up $0.17 during mid-day trading on Wednesday, hitting $3.66. 1,158,461 shares of the company’s stock were exchanged, compared to its average volume of 647,978. Blade Air Mobility, Inc. has a 52 week low of $2.45 and a 52 week high of $4.24. The stock’s 50-day simple moving average is $3.37 and its 200-day simple moving average is $3.29.

Wall Street Analyst Weigh In

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

Institutional Trading of Blade Air Mobility

Institutional investors have recently modified their holdings of the stock. CWM LLC boosted its stake in shares of Blade Air Mobility by 764.5% in the 2nd quarter. CWM LLC now owns 7,374 shares of the company’s stock valued at $26,000 after purchasing an additional 6,521 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of Blade Air Mobility by 70.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 21,850 shares of the company’s stock valued at $62,000 after purchasing an additional 9,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 purchasing an additional 10,272 shares during the last quarter. Sei Investments Co. acquired a new position in shares of Blade Air Mobility in the second quarter valued at approximately $38,000. Finally, EverSource Wealth Advisors LLC bought a new position in Blade Air Mobility in the 2nd quarter valued at approximately $40,000. 47.36% of the stock is currently owned by 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.