Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Melissa M. Tomkiel Sells 100,000 Shares

Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Melissa M. Tomkiel sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $4.08, for a total value of $408,000.00. Following the sale, the general counsel now owns 1,151,204 shares in the company, valued at approximately $4,696,912.32. This represents a 7.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Blade Air Mobility Stock Down 1.2%

Shares of NASDAQ BLDE opened at $4.13 on Thursday. Blade Air Mobility, Inc. has a twelve month low of $2.35 and a twelve month high of $5.17. The company has a market cap of $334.60 million, a PE ratio of -5.99 and a beta of 1.65. The business’s 50 day moving average price is $3.11 and its two-hundred day moving average price is $3.54.

Blade Air Mobility (NASDAQ:BLDE) last announced its earnings results on Monday, May 12th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.07. The business had revenue of $54.31 million during the quarter, compared to the consensus estimate of $49.30 million. Blade Air Mobility had a negative net margin of 21.28% and a negative return on equity of 12.16%. As a group, research analysts anticipate that Blade Air Mobility, Inc. will post -0.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Lake Street Capital initiated coverage on shares of Blade Air Mobility in a research report on Wednesday, February 26th. They issued a “buy” rating and a $6.50 price objective for the company.

Institutional Investors Weigh In On Blade Air Mobility

A number of hedge funds and other institutional investors have recently modified their holdings of BLDE. ARK Investment Management LLC raised its stake in Blade Air Mobility by 1.1% in the 1st quarter. ARK Investment Management LLC now owns 8,140,644 shares of the company’s stock worth $22,224,000 after purchasing an additional 89,545 shares in the last quarter. Uniplan Investment Counsel Inc. increased its holdings in shares of Blade Air Mobility by 77.5% during the first quarter. Uniplan Investment Counsel Inc. now owns 1,728,615 shares of the company’s stock worth $4,719,000 after purchasing an additional 754,879 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Blade Air Mobility by 16.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,522,790 shares of the company’s stock valued at $6,472,000 after buying an additional 218,985 shares in the last quarter. Nuveen Asset Management LLC raised its position in shares of Blade Air Mobility by 46.3% in the fourth quarter. Nuveen Asset Management LLC now owns 1,081,180 shares of the company’s stock valued at $4,595,000 after buying an additional 342,250 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Blade Air Mobility by 18.2% in the first quarter. Russell Investments Group Ltd. now owns 669,575 shares of the company’s stock valued at $1,828,000 after buying an additional 103,170 shares during the period. 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.