Insider Selling: Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Sells $111,117.70 in Stock

Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Melissa M. Tomkiel sold 22,135 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $5.02, for a total value of $111,117.70. Following the transaction, the general counsel now directly owns 1,061,626 shares in the company, valued at approximately $5,329,362.52. This trade represents a 2.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Blade Air Mobility Stock Performance

NASDAQ BLDE opened at $4.74 on Monday. Blade Air Mobility, Inc. has a 52-week low of $2.45 and a 52-week high of $5.17. The stock has a market cap of $371.21 million, a PE ratio of -6.87 and a beta of 1.05. The firm has a 50-day moving average of $3.52 and a 200-day moving average of $3.31.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Blade Air Mobility

Institutional investors have recently made changes to their positions in the company. ARK Investment Management LLC lifted its holdings in Blade Air Mobility by 12.0% during the 3rd quarter. ARK Investment Management LLC now owns 7,217,251 shares of the company’s stock worth $21,219,000 after purchasing an additional 774,114 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Blade Air Mobility by 10.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,060,282 shares of the company’s stock worth $14,130,000 after buying an additional 381,308 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Blade Air Mobility by 1.0% in the first quarter. Vanguard Group Inc. now owns 2,967,500 shares of the company’s stock valued at $8,457,000 after acquiring an additional 28,622 shares during the period. Geode Capital Management LLC grew its stake in shares of 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 valued at $4,044,000 after acquiring an additional 52,274 shares in the last quarter. Finally, State Street Corp raised its stake in Blade Air Mobility by 2.5% in the 3rd quarter. State Street Corp now owns 1,280,842 shares of the company’s stock worth $3,766,000 after purchasing an additional 31,313 shares in the last quarter. Institutional investors 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.