Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Melissa M. Tomkiel Sells 44,621 Shares

Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Melissa M. Tomkiel sold 44,621 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $3.40, for a total transaction of $151,711.40. Following the transaction, the general counsel now directly owns 1,173,003 shares in the company, valued at approximately $3,988,210.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Blade Air Mobility Trading Up 4.9 %

NASDAQ BLDE opened at $3.66 on Thursday. The company has a market cap of $285.22 million, a P/E ratio of -5.30 and a beta of 1.05. The company has a fifty day simple moving average of $3.39 and a 200 day simple moving average of $3.30. Blade Air Mobility, Inc. has a 12-month low of $2.45 and a 12-month high of $4.24.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BLDE. Tidal Investments LLC bought a new position in Blade Air Mobility in the 1st quarter valued at about $1,721,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Blade Air Mobility by 10.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,060,282 shares of the company’s stock valued at $14,130,000 after buying an additional 381,308 shares during the last quarter. Virtu Financial LLC bought a new position in Blade Air Mobility during the 1st quarter valued at $171,000. Dimensional Fund Advisors LP boosted its holdings in Blade Air Mobility by 24.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 937,856 shares of the company’s stock worth $3,264,000 after acquiring an additional 181,630 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Blade Air Mobility during the 1st quarter worth $66,000. 47.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their target price on Blade Air Mobility from $5.00 to $6.00 and gave the company an “overweight” rating in a research note 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.