Insider Selling: Blend Labs (NYSE:BLND) Insider Sells $83,500.00 in Stock

Blend Labs, Inc. (NYSE:BLND) insider Brian Kneafsey sold 25,000 shares of Blend Labs stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $3.34, for a total value of $83,500.00. Following the completion of the transaction, the insider owned 687,909 shares in the company, valued at $2,297,616.06. The trade was a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Brian Kneafsey also recently made the following trade(s):

• On Friday, August 15th, Brian Kneafsey sold 25,000 shares of Blend Labs stock. The stock was sold at an average price of $2.87, for a total value of $71,750.00.

Blend Labs Stock Up 1.4%

Shares of NYSE BLND opened at $3.32 on Monday. The stock has a market capitalization of $860.78 million, a price-to-earnings ratio of -22.10 and a beta of 1.24. The stock’s fifty day simple moving average is $3.58 and its 200 day simple moving average is $3.47. Blend Labs, Inc. has a 52-week low of $2.63 and a 52-week high of $5.53.

Blend Labs (NYSE:BLND) last issued its earnings results on Thursday, August 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The company had revenue of $31.52 million during the quarter, compared to analyst estimates of $31.93 million. Blend Labs has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that Blend Labs, Inc. will post -0.19 earnings per share for the current year.

Institutional Trading of Blend Labs

A number of institutional investors have recently bought and sold shares of BLND. Captrust Financial Advisors acquired a new stake in Blend Labs during the second quarter valued at $35,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Blend Labs in the second quarter worth about $37,000. Jump Financial LLC acquired a new stake in shares of Blend Labs in the second quarter worth about $38,000. Quadrature Capital Ltd acquired a new stake in shares of Blend Labs in the second quarter worth about $40,000. Finally, Truist Financial Corp acquired a new stake in shares of Blend Labs in the second quarter worth about $41,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

Analyst Ratings Changes

BLND has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lowered their price target on Blend Labs from $4.00 to $3.75 and set a “market perform” rating on the stock in a report on Friday, August 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Blend Labs in a report on Wednesday, October 8th. Wall Street Zen upgraded Blend Labs from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. UBS Group lowered their price target on Blend Labs from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Friday, August 8th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $5.25 price objective on shares of Blend Labs in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $4.88.

About Blend Labs

Blend Labs, Inc engages in the provision of cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company's Blend Builder Platform offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts; and offers mortgage products to facilitate the homeownership journey for consumers comprising close, income verification for mortgage, homeowners' insurance, and realty.