Kenneth B. Lerer Sells 34,984 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) Stock

Blade Air Mobility, Inc. (NASDAQ:BLDE – Get Rating) Director Kenneth B. Lerer sold 34,984 shares of the business’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $7.03, for a total value of $245,937.52. Following the sale, the director now directly owns 145,179 shares in the company, valued at approximately $1,020,608.37. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Blade Air Mobility stock traded up $0.02 during trading on Monday, hitting $6.99. 409,880 shares of the company were exchanged, compared to its average volume of 709,211. Blade Air Mobility, Inc. has a fifty-two week low of $5.32 and a fifty-two week high of $11.99. The firm has a 50 day moving average price of $7.96 and a 200 day moving average price of $7.69.

BLDE has been the topic of several research analyst reports. Zacks Investment Research raised Blade Air Mobility from a “sell” rating to a “hold” rating in a research note on Friday, March 4th. Deutsche Bank Aktiengesellschaft cut their price objective on Blade Air Mobility from $15.00 to $10.00 in a research report on Thursday, May 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $12.45.

Institutional investors have recently modified their holdings of the stock. Stansberry Asset Management LLC raised its holdings in Blade Air Mobility by 7.4% in the 1st quarter. Stansberry Asset Management LLC now owns 174,523 shares of the company’s stock valued at $1,482,000 after acquiring an additional 12,058 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Blade Air Mobility by 18.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 224,424 shares of the company’s stock valued at $1,905,000 after acquiring an additional 35,047 shares during the last quarter. PDT Partners LLC acquired a new position in Blade Air Mobility in the 1st quarter valued at $546,000. Ergoteles LLC acquired a new position in Blade Air Mobility in the 1st quarter valued at $175,000. Finally, Vanguard Group Inc. raised its holdings in Blade Air Mobility by 12.5% in the 1st quarter. Vanguard Group Inc. now owns 2,730,415 shares of the company’s stock valued at $23,181,000 after acquiring an additional 302,362 shares during the last quarter. Hedge funds and other institutional investors own 74.71% of the company’s stock.

Blade Air Mobility Company Profile (Get Rating)

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.

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