Mahidhar Reddy Sells 10,815 Shares of Blink Charging Co. (NASDAQ:BLNK) Stock

Blink Charging Co. (NASDAQ:BLNKGet Rating) Board Member Mahidhar Reddy sold 10,815 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $23.89, for a total value of $258,370.35. Following the transaction, the insider now directly owns 210,549 shares in the company, valued at approximately $5,030,015.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mahidhar Reddy also recently made the following trade(s):

  • On Monday, September 19th, Mahidhar Reddy sold 10,815 shares of Blink Charging stock. The stock was sold at an average price of $21.98, for a total value of $237,713.70.

Blink Charging Stock Performance

Shares of BLNK traded down $0.24 during midday trading on Wednesday, hitting $19.96. 835,414 shares of the company’s stock traded hands, compared to its average volume of 1,200,346. Blink Charging Co. has a 1 year low of $13.60 and a 1 year high of $49.00. The firm’s fifty day moving average is $21.31 and its 200-day moving average is $20.44.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Needham & Company LLC increased their price objective on Blink Charging from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, June 15th. B. Riley assumed coverage on Blink Charging in a research note on Friday, June 17th. They issued a “neutral” rating and a $15.00 price objective on the stock. DA Davidson increased their target price on Blink Charging to $19.00 in a research report on Monday, August 15th. Finally, Stifel Nicolaus increased their target price on Blink Charging from $19.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, August 16th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $29.67.

Institutional Trading of Blink Charging

Several hedge funds and other institutional investors have recently made changes to their positions in the business. ExodusPoint Capital Management LP lifted its holdings in shares of Blink Charging by 128.6% during the 2nd quarter. ExodusPoint Capital Management LP now owns 22,243 shares of the company’s stock valued at $368,000 after purchasing an additional 12,511 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Blink Charging by 18.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 13,877 shares of the company’s stock worth $229,000 after acquiring an additional 2,181 shares during the last quarter. Point72 Hong Kong Ltd raised its stake in Blink Charging by 131.5% in the 2nd quarter. Point72 Hong Kong Ltd now owns 8,986 shares of the company’s stock worth $149,000 after acquiring an additional 5,105 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in Blink Charging by 452.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 48,271 shares of the company’s stock worth $798,000 after acquiring an additional 39,526 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Blink Charging by 13.2% in the 2nd quarter. Millennium Management LLC now owns 59,259 shares of the company’s stock worth $980,000 after acquiring an additional 6,923 shares during the last quarter. Hedge funds and other institutional investors own 36.30% of the company’s stock.

About Blink Charging

(Get Rating)

Blink Charging Co, through its subsidiaries, owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States and internationally. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types.

Further Reading

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