Blade Air Mobility, Inc. (NASDAQ:BLDE) CFO Sells $520,423.40 in Stock

Blade Air Mobility, Inc. (NASDAQ:BLDE) CFO William A. Heyburn sold 103,670 shares of Blade Air Mobility stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $5.02, for a total transaction of $520,423.40. Following the transaction, the chief financial officer now directly owns 1,223,120 shares of the company’s stock, valued at approximately $6,140,062.40. This represents a 7.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Blade Air Mobility Price Performance

Blade Air Mobility stock opened at $3.82 on Friday. The stock has a market cap of $299.16 million, a price-to-earnings ratio of -5.54 and a beta of 1.14. Blade Air Mobility, Inc. has a 1 year low of $2.45 and a 1 year high of $5.17. The firm has a 50-day moving average of $4.05 and a two-hundred day moving average of $3.55.

Institutional Investors Weigh In On Blade Air Mobility

Large investors have recently added to or reduced their stakes in the stock. Cobblestone Capital Advisors LLC NY purchased a new stake in Blade Air Mobility in the 3rd quarter valued at about $35,000. Sei Investments Co. bought a new position in shares of Blade Air Mobility during the 2nd quarter worth approximately $38,000. EverSource Wealth Advisors LLC acquired a new position in Blade Air Mobility during the 2nd quarter valued at approximately $40,000. SG Americas Securities LLC acquired a new position in Blade Air Mobility during the 3rd quarter valued at approximately $52,000. Finally, Intech Investment Management LLC acquired a new position in Blade Air Mobility during the 3rd quarter valued at approximately $52,000. 47.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lifted 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 note on Tuesday, October 29th.

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.