ARK Investment Management LLC Purchases 833,848 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE)

ARK Investment Management LLC grew its position in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 11.6% in the 4th quarter, Holdings Channel reports. The firm owned 8,051,099 shares of the company’s stock after acquiring an additional 833,848 shares during the quarter. ARK Investment Management LLC owned 0.10% of Blade Air Mobility worth $34,217,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BLDE. GSA Capital Partners LLP raised its holdings in Blade Air Mobility by 245.6% during the 3rd quarter. GSA Capital Partners LLP now owns 378,240 shares of the company’s stock worth $1,112,000 after purchasing an additional 268,802 shares during the last quarter. Cerity Partners LLC raised its holdings in Blade Air Mobility by 610.0% during the 3rd quarter. Cerity Partners LLC now owns 303,439 shares of the company’s stock worth $892,000 after purchasing an additional 260,699 shares during the last quarter. Tidal Investments LLC raised its holdings in Blade Air Mobility by 15.4% during the 3rd quarter. Tidal Investments LLC now owns 655,616 shares of the company’s stock worth $1,928,000 after purchasing an additional 87,496 shares during the last quarter. Maven Securities LTD acquired a new stake in shares of Blade Air Mobility during the 3rd quarter worth approximately $206,000. Finally, XTX Topco Ltd grew its position in shares of Blade Air Mobility by 384.7% during the 3rd quarter. XTX Topco Ltd now owns 73,763 shares of the company’s stock worth $217,000 after buying an additional 58,545 shares during the period. Institutional investors own 47.36% of the company’s stock.

Insider Transactions at Blade Air Mobility

In related news, CFO William A. Heyburn sold 23,815 shares of Blade Air Mobility stock in a transaction on Friday, November 29th. The shares were sold at an average price of $5.02, for a total value of $119,551.30. Following the completion of the sale, the chief financial officer now owns 1,376,111 shares of the company’s stock, valued at approximately $6,908,077.22. This trade represents a 1.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Melissa M. Tomkiel sold 22,135 shares of Blade Air Mobility stock in a transaction on Friday, November 29th. The shares were sold at an average price of $5.02, for a total transaction of $111,117.70. Following the completion of the sale, the general counsel now directly owns 1,061,626 shares of the company’s stock, valued at approximately $5,329,362.52. The trade was a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 211,391 shares of company stock valued at $1,060,958 in the last quarter. 18.00% of the stock is currently owned by company insiders.

Blade Air Mobility Stock Up 0.9 %

Shares of BLDE stock opened at $3.48 on Wednesday. The company has a market cap of $272.53 million, a price-to-earnings ratio of -5.04 and a beta of 1.14. Blade Air Mobility, Inc. has a 52 week low of $2.45 and a 52 week high of $5.17. The firm has a 50 day moving average of $3.98 and a 200-day moving average of $3.66.

Analyst Upgrades and Downgrades

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

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.