Blade Air Mobility, Inc. (NASDAQ:BLDE) Insider Brandon A. Keene Sells 29,103 Shares

Blade Air Mobility, Inc. (NASDAQ:BLDEGet Rating) insider Brandon A. Keene sold 29,103 shares of the firm’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $4.79, for a total transaction of $139,403.37. Following the completion of the sale, the insider now owns 318,589 shares of the company’s stock, valued at approximately $1,526,041.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Blade Air Mobility Trading Down 0.6 %

BLDE stock opened at $4.71 on Tuesday. The firm has a 50 day moving average of $4.27 and a 200-day moving average of $5.24. Blade Air Mobility, Inc. has a 12-month low of $3.45 and a 12-month high of $10.00. The company has a market cap of $337.49 million, a price-to-earnings ratio of -26.17 and a beta of 0.59.

Institutional Investors Weigh In On Blade Air Mobility

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Blade Air Mobility during the 3rd quarter worth approximately $26,000. Lazard Asset Management LLC purchased a new position in shares of Blade Air Mobility during the 2nd quarter worth approximately $27,000. Arizona State Retirement System purchased a new position in shares of Blade Air Mobility during the 2nd quarter worth approximately $51,000. Balyasny Asset Management LLC purchased a new position in shares of Blade Air Mobility during the 3rd quarter worth approximately $57,000. Finally, Strs Ohio purchased a new position in shares of Blade Air Mobility during the 2nd quarter worth approximately $58,000. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BLDE shares. Credit Suisse Group reduced their price target on shares of Blade Air Mobility from $11.00 to $10.00 and set an “outperform” rating for the company in a research report on Thursday, November 10th. JPMorgan Chase & Co. reduced their price target on shares of Blade Air Mobility from $10.00 to $6.00 and set an “overweight” rating for the company in a research report on Tuesday, October 18th.

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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Insider Buying and Selling by Quarter for Blade Air Mobility (NASDAQ:BLDE)

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