Blade Air Mobility, Inc. (NASDAQ:BLDE) Shares Purchased by Bouvel Investment Partners LLC

Bouvel Investment Partners LLC increased its position in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 49.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 268,967 shares of the company’s stock after purchasing an additional 89,353 shares during the quarter. Bouvel Investment Partners LLC owned 0.36% of Blade Air Mobility worth $767,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Cerity Partners LLC raised its position in Blade Air Mobility by 8.1% during the fourth quarter. Cerity Partners LLC now owns 402,662 shares of the company’s stock valued at $1,421,000 after acquiring an additional 30,000 shares in the last quarter. Barclays PLC increased its position in shares of Blade Air Mobility by 223.3% in the third quarter. Barclays PLC now owns 136,311 shares of the company’s stock valued at $353,000 after buying an additional 94,149 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Blade Air Mobility by 152.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 55,145 shares of the company’s stock valued at $143,000 after buying an additional 33,258 shares in the last quarter. City State Bank purchased a new stake in shares of Blade Air Mobility in the first quarter valued at approximately $98,000. Finally, SG Americas Securities LLC increased its position in shares of Blade Air Mobility by 21.8% in the fourth quarter. SG Americas Securities LLC now owns 31,636 shares of the company’s stock valued at $112,000 after buying an additional 5,652 shares in the last quarter. 47.36% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, General Counsel Melissa M. Tomkiel sold 22,836 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $3.28, for a total value of $74,902.08. Following the transaction, the general counsel now owns 1,291,121 shares of the company’s stock, valued at approximately $4,234,876.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Blade Air Mobility news, CFO William A. Heyburn sold 20,552 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $3.28, for a total transaction of $67,410.56. Following the sale, the chief financial officer now owns 1,404,468 shares in the company, valued at approximately $4,606,655.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Melissa M. Tomkiel sold 22,836 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $3.28, for a total value of $74,902.08. Following the sale, the general counsel now owns 1,291,121 shares in the company, valued at approximately $4,234,876.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,034 shares of company stock valued at $273,100. Insiders own 17.50% of the company’s stock.

Blade Air Mobility Stock Performance

Shares of BLDE traded up $0.01 during trading hours on Friday, hitting $3.45. 62,812 shares of the stock were exchanged, compared to its average volume of 708,775. The stock’s 50-day moving average price is $3.26 and its two-hundred day moving average price is $3.22. The company has a market cap of $266.86 million, a price-to-earnings ratio of -5.06 and a beta of 1.07. Blade Air Mobility, Inc. has a 12-month low of $2.06 and a 12-month high of $4.54.

Blade Air Mobility (NASDAQ:BLDE) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.07. The company had revenue of $51.51 million for the quarter, compared to analyst estimates of $49.45 million. Blade Air Mobility had a negative return on equity of 11.78% and a negative net margin of 21.66%. On average, research analysts expect that Blade Air Mobility, Inc. will post -0.17 earnings per share for the current year.

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.