Whitebark Investors LP Has $16.02 Million Stock Holdings in Blend Labs, Inc. $BLND

Whitebark Investors LP raised its stake in shares of Blend Labs, Inc. (NYSE:BLND) by 4.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,853,883 shares of the company’s stock after purchasing an additional 214,609 shares during the period. Blend Labs accounts for approximately 10.1% of Whitebark Investors LP’s investment portfolio, making the stock its 5th biggest position. Whitebark Investors LP owned approximately 1.87% of Blend Labs worth $16,018,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Acadian Asset Management LLC raised its position in Blend Labs by 36.0% during the 1st quarter. Acadian Asset Management LLC now owns 1,430,949 shares of the company’s stock worth $4,788,000 after purchasing an additional 378,667 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Blend Labs in the 1st quarter worth about $64,000. Perigon Wealth Management LLC bought a new position in shares of Blend Labs in the 2nd quarter worth about $1,712,000. Rhumbline Advisers raised its position in shares of Blend Labs by 10.9% in the 1st quarter. Rhumbline Advisers now owns 324,773 shares of the company’s stock worth $1,088,000 after acquiring an additional 32,030 shares in the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of Blend Labs in the 1st quarter worth about $36,000. 52.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

BLND has been the subject of several research analyst reports. Keefe, Bruyette & Woods lowered their price objective on Blend Labs from $4.00 to $3.75 and set a “market perform” rating for the company in a research report on Friday, August 8th. Canaccord Genuity Group reissued a “buy” rating and issued a $5.25 price objective on shares of Blend Labs in a research report on Friday, August 22nd. UBS Group lowered their price objective on Blend Labs from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Friday, August 8th. Finally, Wall Street Zen raised Blend Labs from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $4.88.

Blend Labs Price Performance

Shares of Blend Labs stock opened at $3.66 on Wednesday. Blend Labs, Inc. has a one year low of $2.63 and a one year high of $5.53. The firm has a market capitalization of $950.36 million, a price-to-earnings ratio of -24.40 and a beta of 1.25. The business has a 50-day simple moving average of $3.62 and a 200 day simple moving average of $3.49.

Blend Labs (NYSE:BLND) last issued its earnings results on Thursday, August 7th. The company reported ($0.03) 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. On average, sell-side analysts expect that Blend Labs, Inc. will post -0.19 EPS for the current year.

Insider Transactions at Blend Labs

In other Blend Labs news, insider Brian Kneafsey sold 25,000 shares of Blend Labs stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $2.87, for a total transaction of $71,750.00. Following the completion of the transaction, the insider owned 696,598 shares in the company, valued at approximately $1,999,236.26. The trade was a 3.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nima Ghamsari sold 311,886 shares of Blend Labs stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $2.90, for a total value of $904,469.40. Following the transaction, the insider owned 5,754,051 shares of the company’s stock, valued at $16,686,747.90. This trade represents a 5.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 401,886 shares of company stock valued at $1,204,569 over the last ninety days. 35.52% of the stock is currently owned by corporate insiders.

Blend Labs Company Profile

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.