Brian Kneafsey Sells 30,000 Shares of Blend Labs, Inc. (NYSE:BLND) Stock

Blend Labs, Inc. (NYSE:BLND) insider Brian Kneafsey sold 30,000 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $3.73, for a total value of $111,900.00. Following the completion of the sale, the insider now owns 866,759 shares in the company, valued at approximately $3,233,011.07. This trade represents a 3.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Brian Kneafsey also recently made the following trade(s):

• On Tuesday, December 31st, Brian Kneafsey sold 30,000 shares of Blend Labs stock. The shares were sold at an average price of $4.27, for a total value of $128,100.00.
• On Tuesday, December 17th, Brian Kneafsey sold 30,000 shares of Blend Labs stock. The stock was sold at an average price of $5.05, for a total value of $151,500.00.
• 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 transaction of $153,600.00.

Blend Labs Trading Up 0.3 %

Shares of BLND traded up $0.01 during mid-day trading on Wednesday, reaching $3.74. The company’s stock had a trading volume of 2,926,865 shares, compared to its average volume of 4,190,433. Blend Labs, Inc. has a 1-year low of $2.08 and a 1-year high of $5.53. The business has a 50-day simple moving average of $4.59 and a two-hundred day simple moving average of $3.76. The stock has a market cap of $957.18 million, a P/E ratio of -11.00 and a beta of 1.38.

Institutional Investors Weigh In On Blend Labs

Several hedge funds have recently added to or reduced their stakes in BLND. Geode Capital Management LLC boosted its holdings in shares of Blend Labs by 6.3% during the third quarter. Geode Capital Management LLC now owns 4,767,104 shares of the company’s stock worth $17,880,000 after acquiring an additional 283,207 shares during the period. Advantage Alpha Capital Partners LP bought a new stake in Blend Labs in the 3rd quarter valued at $3,253,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Blend Labs in the 3rd quarter valued at $676,000. SG Americas Securities LLC bought a new position in Blend Labs during the 3rd quarter worth $660,000. Finally, Fullcircle Wealth LLC acquired a new stake in shares of Blend Labs during the third quarter worth $508,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

Wall Street Analyst Weigh In

BLND has been the subject of a number of analyst reports. Citizens Jmp raised shares of Blend Labs to a “strong-buy” rating in a research report on Wednesday, December 18th. Wells Fargo & Company raised their price objective on Blend Labs from $4.50 to $6.50 and gave the company an “overweight” rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods upped their target price on Blend Labs from $3.25 to $3.85 and gave the stock a “market perform” rating in a report on Thursday, November 7th. UBS Group raised their price target on Blend Labs from $3.00 to $4.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group upped their price objective on Blend Labs from $3.40 to $3.90 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5.11.

Blend Labs Company Profile

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.