Blend Labs, Inc. (NYSE:BLND – Get Free Report) insider Oxana Tkach sold 4,303 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $3.98, for a total value of $17,125.94. Following the completion of the transaction, the insider now owns 88,651 shares of the company’s stock, valued at approximately $352,830.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Blend Labs Trading Up 1.0 %
NYSE BLND opened at $3.94 on Thursday. Blend Labs, Inc. has a 1-year low of $1.10 and a 1-year high of $4.22. The firm’s fifty day simple moving average is $3.46 and its 200-day simple moving average is $2.97. The company has a market capitalization of $1.00 billion, a PE ratio of -6.79 and a beta of 1.15.
Blend Labs (NYSE:BLND – Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.04. The company had revenue of $40.48 million for the quarter, compared to analyst estimates of $39.50 million. Blend Labs had a negative return on equity of 595.99% and a negative net margin of 77.63%. As a group, analysts predict that Blend Labs, Inc. will post -0.27 EPS for the current year.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on BLND
Hedge Funds Weigh In On Blend Labs
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dark Forest Capital Management LP bought a new stake in Blend Labs in the second quarter worth approximately $31,000. Xponance Inc. bought a new stake in Blend Labs in the second quarter worth $35,000. Berylson Capital Partners LLC acquired a new position in Blend Labs during the fourth quarter worth $52,000. Caxton Associates LP bought a new position in Blend Labs during the first quarter valued at about $60,000. Finally, Victory Capital Management Inc. lifted its position in shares of Blend Labs by 24.2% in the fourth quarter. Victory Capital Management Inc. now owns 23,812 shares of the company’s stock worth $61,000 after buying an additional 4,633 shares during the last quarter. Institutional investors own 52.56% of the company’s stock.
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.
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