Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Sells $151,711.40 in Stock

Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Melissa M. Tomkiel sold 44,621 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $3.40, for a total value of $151,711.40. Following the transaction, the general counsel now directly owns 1,173,003 shares of the company’s stock, valued at approximately $3,988,210.20. This represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Blade Air Mobility Stock Down 6.6 %

Shares of BLDE opened at $3.42 on Friday. The stock has a 50 day moving average price of $3.40 and a 200 day moving average price of $3.30. Blade Air Mobility, Inc. has a 52-week low of $2.45 and a 52-week high of $4.24.

Hedge Funds Weigh In On Blade Air Mobility

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cobblestone Capital Advisors LLC NY acquired a new position in Blade Air Mobility in the third quarter valued at approximately $35,000. Cerity Partners LLC lifted its stake in Blade Air Mobility by 610.0% in the third quarter. Cerity Partners LLC now owns 303,439 shares of the company’s stock valued at $892,000 after buying an additional 260,699 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Blade Air Mobility by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 170,117 shares of the company’s stock valued at $500,000 after buying an additional 10,272 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Blade Air Mobility in the third quarter valued at approximately $52,000. Finally, GSA Capital Partners LLP lifted its stake in Blade Air Mobility by 245.6% in the third quarter. GSA Capital Partners LLP now owns 378,240 shares of the company’s stock valued at $1,112,000 after buying an additional 268,802 shares during the last quarter. 47.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price objective on 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.