Blend Labs, Inc. (NYSE:BLND) Insider Oxana Tkach Sells 18,324 Shares of Stock

Blend Labs, Inc. (NYSE:BLND) insider Oxana Tkach sold 18,324 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $5.18, for a total transaction of $94,918.32. Following the completion of the sale, the insider now owns 88,677 shares in the company, valued at $459,346.86. This represents a 17.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Oxana Tkach also recently made the following trade(s):

• On Monday, September 23rd, Oxana Tkach sold 4,303 shares of Blend Labs stock. The shares were sold at an average price of $3.98, for a total transaction of $17,125.94.

Blend Labs Stock Down 1.9 %

Shares of BLND stock opened at $5.18 on Wednesday. Blend Labs, Inc. has a 12-month low of $1.21 and a 12-month high of $5.40. The company has a market capitalization of $1.33 billion, a P/E ratio of -15.23 and a beta of 1.16. The firm has a 50-day moving average price of $3.96 and a 200 day moving average price of $3.34.

Analyst Ratings Changes

Several analysts have recently weighed in on BLND shares. Canaccord Genuity Group lifted their target price on shares of Blend Labs from $4.75 to $5.75 and gave the company a “buy” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their target price on shares of Blend Labs from $3.50 to $4.50 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Canaccord Genuity Group upgraded shares of Blend Labs from a “hold” rating to a “buy” rating and lifted their target price for the company from $3.00 to $4.75 in a research report on Monday, August 12th. UBS Group lifted their price target on shares of Blend Labs from $3.00 to $4.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group lifted their price target on shares of Blend Labs from $3.40 to $3.90 and gave the company a “buy” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $4.46.

Hedge Funds Weigh In On Blend Labs

A number of institutional investors have recently modified their holdings of BLND. Dark Forest Capital Management LP bought a new stake in shares of Blend Labs during the second quarter worth approximately $31,000. Xponance Inc. bought a new stake in shares of Blend Labs during the second quarter worth approximately $35,000. Caxton Associates LP acquired a new position in Blend Labs during the first quarter valued at approximately $60,000. Virtu Financial LLC acquired a new position in Blend Labs during the third quarter valued at approximately $63,000. Finally, SG Americas Securities LLC acquired a new position in Blend Labs during the first quarter valued at approximately $70,000. 52.56% of the stock is owned by institutional investors.

About Blend Labs

Blend Labs, Inc engages in the provision of cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company's Blend Builder Platform offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts; and offers mortgage products to facilitate the homeownership journey for consumers comprising close, income verification for mortgage, homeowners' insurance, and realty.