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

Blade Air Mobility, Inc. (NASDAQ:BLDE) CFO William A. Heyburn sold 103,670 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $5.02, for a total value of $520,423.40. Following the completion of the sale, the chief financial officer now owns 1,223,120 shares of the company’s stock, valued at approximately $6,140,062.40. This trade represents a 7.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Blade Air Mobility Trading Down 11.7 %

BLDE traded down $0.55 during trading on Wednesday, hitting $4.15. The company’s stock had a trading volume of 914,699 shares, compared to its average volume of 1,171,059. The business’s fifty day simple moving average is $4.02 and its 200 day simple moving average is $3.53. The firm has a market capitalization of $324.99 million, a price-to-earnings ratio of -6.01 and a beta of 1.13. Blade Air Mobility, Inc. has a twelve month low of $2.45 and a twelve month high of $5.17.

Institutional Investors Weigh In On Blade Air Mobility

Several institutional investors have recently bought and sold shares of the company. ARK Investment Management LLC boosted its stake in Blade Air Mobility by 12.0% during the third quarter. ARK Investment Management LLC now owns 7,217,251 shares of the company’s stock worth $21,219,000 after buying an additional 774,114 shares during the last quarter. Geode Capital Management LLC lifted its stake in 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 worth $4,044,000 after acquiring an additional 52,274 shares during the last quarter. State Street Corp raised its stake in Blade Air Mobility by 2.5% in the third quarter. State Street Corp now owns 1,280,842 shares of the company’s stock valued at $3,766,000 after buying an additional 31,313 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Blade Air Mobility by 24.0% in the second quarter. Dimensional Fund Advisors LP now owns 937,856 shares of the company’s stock valued at $3,264,000 after purchasing an additional 181,630 shares during the last quarter. Finally, Tidal Investments LLC raised its stake in Blade Air Mobility by 15.4% during the 3rd quarter. Tidal Investments LLC now owns 655,616 shares of the company’s stock worth $1,928,000 after acquiring an additional 87,496 shares in the last quarter. 47.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Blade Air Mobility Company Profile

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.