Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Melissa M. Tomkiel Sells 89,242 Shares

Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Melissa M. Tomkiel sold 89,242 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $4.38, for a total transaction of $390,879.96. Following the completion of the transaction, the general counsel now directly owns 1,083,761 shares in the company, valued at approximately $4,746,873.18. The trade was a 7.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Blade Air Mobility Stock Performance

NASDAQ BLDE opened at $4.74 on Friday. The business’s fifty day moving average is $3.49 and its 200 day moving average is $3.31. Blade Air Mobility, Inc. has a fifty-two week low of $2.45 and a fifty-two week high of $5.17. The company has a market capitalization of $371.19 million, a PE ratio of -6.87 and a beta of 1.05.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their price target 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.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Stifel Financial Corp increased its holdings in Blade Air Mobility by 18.9% in the 3rd quarter. Stifel Financial Corp now owns 35,755 shares of the company’s stock worth $105,000 after acquiring an additional 5,683 shares in the last quarter. CWM LLC increased its stake in shares of Blade Air Mobility by 764.5% in the second quarter. CWM LLC now owns 7,374 shares of the company’s stock worth $26,000 after purchasing an additional 6,521 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of Blade Air Mobility by 70.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 21,850 shares of the company’s stock worth $62,000 after purchasing an additional 9,000 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Blade Air Mobility by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 170,117 shares of the company’s stock worth $500,000 after buying an additional 10,272 shares during the period. Finally, Sei Investments Co. bought a new position in Blade Air Mobility in the 2nd quarter worth $38,000. 47.36% of the stock is owned by hedge funds and other institutional investors.

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.