Insider Selling: Blade Air Mobility, Inc. (NASDAQ:BLDE) CFO Sells 103,670 Shares of Stock

Blade Air Mobility, Inc. (NASDAQ:BLDE) CFO William A. Heyburn sold 103,670 shares of the company’s 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 transaction, the chief financial officer now directly owns 1,223,120 shares in the company, valued at $6,140,062.40. This represents a 7.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Blade Air Mobility Stock Performance

Shares of Blade Air Mobility stock opened at $4.15 on Thursday. The firm has a 50-day simple moving average of $4.03 and a two-hundred day simple moving average of $3.54. Blade Air Mobility, Inc. has a fifty-two week low of $2.45 and a fifty-two week high of $5.17. The company has a market cap of $324.99 million, a P/E ratio of -6.01 and a beta of 1.13.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised 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 Inflows and Outflows

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in Blade Air Mobility by 16.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 187,940 shares of the company’s stock worth $654,000 after purchasing an additional 26,326 shares during the last quarter. American Century Companies Inc. grew its position in shares of Blade Air Mobility by 20.9% in the second quarter. American Century Companies Inc. now owns 83,250 shares of the company’s stock valued at $290,000 after purchasing an additional 14,372 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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. Renaissance Technologies LLC lifted its position in Blade Air Mobility by 19.0% during the second quarter. Renaissance Technologies LLC now owns 291,300 shares of the company’s stock worth $1,014,000 after buying an additional 46,600 shares in the last quarter. Finally, Sei Investments Co. acquired a new position in Blade Air Mobility during the second quarter worth $38,000. 47.36% of the stock is owned by institutional investors and hedge funds.

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.