Blend Labs, Inc. (NYSE:BLND – Get Free Report) insider Brian Kneafsey sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $5.05, for a total transaction of $151,500.00. Following the sale, the insider now owns 907,439 shares in the company, valued at $4,582,566.95. The trade was a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Brian Kneafsey also recently made the following trade(s):
- On Tuesday, December 10th, Brian Kneafsey sold 30,000 shares of Blend Labs stock. The shares were sold at an average price of $5.12, for a total value of $153,600.00.
Blend Labs Stock Down 6.7 %
Blend Labs stock opened at $4.70 on Thursday. The firm has a fifty day simple moving average of $4.41 and a two-hundred day simple moving average of $3.59. Blend Labs, Inc. has a twelve month low of $2.08 and a twelve month high of $5.53. The company has a market capitalization of $1.20 billion, a PE ratio of -13.82 and a beta of 1.33.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on Blend Labs
Institutional Investors Weigh In On Blend Labs
Institutional investors have recently bought and sold shares of the stock. FMR LLC increased its stake in Blend Labs by 15.8% in the 3rd quarter. FMR LLC now owns 26,148 shares of the company’s stock worth $98,000 after purchasing an additional 3,576 shares during the period. ClariVest Asset Management LLC grew its holdings in shares of Blend Labs by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 252,059 shares of the company’s stock worth $595,000 after purchasing an additional 6,988 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Blend Labs in the second quarter worth $31,000. Xponance Inc. bought a new stake in Blend Labs during the 2nd quarter valued at $35,000. Finally, EP Wealth Advisors LLC boosted its position in Blend Labs by 8.2% during the 2nd quarter. EP Wealth Advisors LLC now owns 212,841 shares of the company’s stock valued at $502,000 after buying an additional 16,084 shares during the period. 52.56% of the stock is currently owned by hedge funds and other 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.
Featured Articles
- Five stocks we like better than Blend Labs
- Top Biotech Stocks: Exploring Innovation Opportunities
- Hidden Gems: 2 Green Energy Stocks Fueling the Future
- What is Forex and How Does it Work?
- Top 3 High-ROIC Stocks to Supercharge Your Wealth Compounding
- How to Calculate Stock Profit
- Aurora Innovation’s Driverless Tech Is Driving Investor Buzz
Receive News & Ratings for Blend Labs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blend Labs and related companies with MarketBeat.com's FREE daily email newsletter.