Blend Labs, Inc. (NYSE:BLND – Get Free Report) insider Winnie Ling sold 20,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $3.43, for a total value of $68,600.00. Following the completion of the transaction, the insider now owns 259,169 shares in the company, valued at approximately $888,949.67. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.
Winnie Ling also recently made the following trade(s):
- On Thursday, September 26th, Winnie Ling sold 10,000 shares of Blend Labs stock. The stock was sold at an average price of $4.06, for a total value of $40,600.00.
- On Thursday, September 12th, Winnie Ling sold 20,000 shares of Blend Labs stock. The shares were sold at an average price of $3.33, for a total value of $66,600.00.
Blend Labs Trading Up 3.4 %
BLND opened at $3.64 on Friday. The company has a market cap of $925.43 million, a P/E ratio of -7.43 and a beta of 1.15. The business’s 50-day moving average price is $3.62 and its 200-day moving average price is $3.03. Blend Labs, Inc. has a 12 month low of $1.15 and a 12 month high of $4.25.
Institutional Investors Weigh In On Blend Labs
Hedge funds have recently made changes to their positions in the company. Berylson Capital Partners LLC purchased a new position in Blend Labs during the fourth quarter valued at $52,000. G2 Investment Partners Management LLC bought a new stake in Blend Labs in the 4th quarter worth about $956,000. EP Wealth Advisors LLC grew its stake in shares of Blend Labs by 6.7% during the 4th quarter. EP Wealth Advisors LLC now owns 182,003 shares of the company’s stock valued at $464,000 after purchasing an additional 11,448 shares during the period. Cannon Global Investment Management LLC bought a new stake in shares of Blend Labs during the 1st quarter valued at about $65,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Blend Labs by 15.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 291,502 shares of the company’s stock valued at $947,000 after purchasing an additional 38,479 shares during the period. 52.56% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. William Blair upgraded Blend Labs from a “market perform” rating to an “outperform” rating in a report on Friday, August 9th. The Goldman Sachs Group raised their target price on Blend Labs from $3.00 to $3.40 and gave the stock a “buy” rating in a research report on Friday, August 9th. Canaccord Genuity Group raised Blend Labs from a “hold” rating to a “buy” rating and raised their price target for the stock from $3.00 to $4.75 in a report on Monday, August 12th. Keefe, Bruyette & Woods lifted their price objective on Blend Labs from $3.00 to $3.25 and gave the company a “market perform” rating in a research note on Monday, August 12th. Finally, Canaccord Genuity Group raised Blend Labs from a “hold” rating to a “buy” rating and lifted their price objective for the company from $3.00 to $4.75 in a research note on Monday, August 12th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Blend Labs has an average rating of “Moderate Buy” and an average price target of $3.93.
Get Our Latest Analysis on BLND
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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