ARK Investment Management LLC Has $22.92 Million Position in Blade Air Mobility, Inc. (NASDAQ:BLDE)

ARK Investment Management LLC lowered its position in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,493,785 shares of the company’s stock after selling 299,941 shares during the quarter. ARK Investment Management LLC owned 8.70% of Blade Air Mobility worth $22,923,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in Blade Air Mobility by 8.7% in the second quarter. BlackRock Inc. now owns 3,995,565 shares of the company’s stock valued at $15,743,000 after buying an additional 321,472 shares in the last quarter. Vanguard Group Inc. lifted its stake in Blade Air Mobility by 0.8% in the third quarter. Vanguard Group Inc. now owns 2,817,988 shares of the company’s stock valued at $7,299,000 after buying an additional 22,090 shares in the last quarter. State Street Corp lifted its stake in Blade Air Mobility by 62.7% in the second quarter. State Street Corp now owns 2,038,744 shares of the company’s stock valued at $8,033,000 after buying an additional 785,343 shares in the last quarter. Northern Right Capital Management L.P. bought a new position in Blade Air Mobility in the second quarter valued at approximately $4,521,000. Finally, Geode Capital Management LLC lifted its stake in Blade Air Mobility by 7.9% in the second quarter. Geode Capital Management LLC now owns 1,114,257 shares of the company’s stock valued at $4,390,000 after buying an additional 81,713 shares in the last quarter. Institutional investors and hedge funds own 47.36% of the company’s stock.

Blade Air Mobility Price Performance

Shares of BLDE stock opened at $2.86 on Thursday. The company’s fifty day simple moving average is $3.10 and its 200-day simple moving average is $2.97. Blade Air Mobility, Inc. has a 12 month low of $2.06 and a 12 month high of $4.54.

Insider Transactions at Blade Air Mobility

In other news, General Counsel Melissa M. Tomkiel sold 26,191 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $2.76, for a total value of $72,287.16. Following the sale, the general counsel now owns 1,256,179 shares of the company’s stock, valued at $3,467,054.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO William A. Heyburn sold 26,632 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $2.62, for a total value of $69,775.84. Following the sale, the chief financial officer now owns 1,355,020 shares of the company’s stock, valued at $3,550,152.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Melissa M. Tomkiel sold 26,191 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $2.76, for a total transaction of $72,287.16. Following the completion of the sale, the general counsel now directly owns 1,256,179 shares in the company, valued at approximately $3,467,054.04. The disclosure for this sale can be found here. Insiders have sold a total of 129,267 shares of company stock valued at $352,565 over the last 90 days. 17.50% of the stock is owned by corporate insiders.

Blade Air Mobility Profile

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.