Blade Air Mobility, Inc. (NASDAQ:BLDE) CFO William A. Heyburn Sells 39,285 Shares

Blade Air Mobility, Inc. (NASDAQ:BLDE) CFO William A. Heyburn sold 39,285 shares of Blade Air Mobility stock in a transaction on Monday, December 9th. The stock was sold at an average price of $5.02, for a total transaction of $197,210.70. Following the transaction, the chief financial officer now directly owns 1,336,826 shares in the company, valued at $6,710,866.52. This represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Blade Air Mobility Price Performance

Shares of NASDAQ BLDE traded down $0.15 during mid-day trading on Wednesday, reaching $4.33. 857,043 shares of the company’s stock were exchanged, compared to its average volume of 716,509. The firm has a market capitalization of $339.10 million, a price-to-earnings ratio of -6.49 and a beta of 1.13. Blade Air Mobility, Inc. has a 52 week low of $2.45 and a 52 week high of $5.17. The firm has a 50-day moving average price of $3.74 and a two-hundred day moving average price of $3.37.

Institutional Investors Weigh In On Blade Air Mobility

A number of hedge funds have recently made changes to their positions in BLDE. CWM LLC raised its stake in shares of Blade Air Mobility by 764.5% during the 2nd quarter. CWM LLC now owns 7,374 shares of the company’s stock worth $26,000 after purchasing an additional 6,521 shares during the period. Cobblestone Capital Advisors LLC NY bought a new stake in shares of Blade Air Mobility during the 3rd quarter worth $35,000. Sei Investments Co. bought a new stake in Blade Air Mobility in the 2nd quarter valued at about $38,000. EverSource Wealth Advisors LLC bought a new stake in Blade Air Mobility in the 2nd quarter valued at about $40,000. Finally, 1620 Investment Advisors Inc. bought a new stake in Blade Air Mobility in the 2nd quarter valued at about $50,000. 47.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lifted their price objective on shares of Blade Air Mobility from $5.00 to $6.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th.

About Blade Air Mobility

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.