Insider Selling: Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Sells 44,621 Shares of Stock

Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Melissa M. Tomkiel sold 44,621 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $3.40, for a total transaction of $151,711.40. Following the sale, the general counsel now directly owns 1,173,003 shares in the company, valued at approximately $3,988,210.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Blade Air Mobility Price Performance

NASDAQ BLDE traded up $0.17 during trading on Wednesday, reaching $3.66. The company’s stock had a trading volume of 1,158,461 shares, compared to its average volume of 647,978. The business has a 50-day moving average price of $3.37 and a 200-day moving average price of $3.29. Blade Air Mobility, Inc. has a 1-year low of $2.45 and a 1-year high of $4.24.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Blade Air Mobility from $5.00 to $6.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th.

Institutional Investors Weigh In On Blade Air Mobility

Institutional investors have recently bought and sold shares of the business. CWM LLC boosted its position in shares of Blade Air Mobility by 764.5% in the 2nd quarter. CWM LLC now owns 7,374 shares of the company’s stock worth $26,000 after purchasing an additional 6,521 shares during the last quarter. Sei Investments Co. acquired a new stake in shares of Blade Air Mobility during the second quarter worth about $38,000. EverSource Wealth Advisors LLC bought a new stake in Blade Air Mobility during the 2nd quarter worth approximately $40,000. 1620 Investment Advisors Inc. acquired a new position in Blade Air Mobility during the 2nd quarter worth approximately $50,000. Finally, SG Americas Securities LLC acquired a new position in Blade Air Mobility during the third quarter worth $52,000. Institutional investors and hedge funds own 47.36% of the company’s stock.

Blade Air Mobility Company 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.