Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Sells $112,654.86 in Stock

Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Melissa M. Tomkiel sold 22,486 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $5.01, for a total value of $112,654.86. Following the completion of the sale, the general counsel now owns 1,039,140 shares in the company, valued at approximately $5,206,091.40. This represents a 2.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Blade Air Mobility Stock Performance

NASDAQ:BLDE opened at $4.04 on Friday. The firm’s fifty day moving average is $3.79 and its two-hundred day moving average is $3.39. The firm has a market cap of $316.37 million, a price-to-earnings ratio of -5.86 and a beta of 1.13. Blade Air Mobility, Inc. has a one year low of $2.45 and a one year high of $5.17.

Analysts Set New Price Targets

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

Institutional Trading of Blade Air Mobility

Hedge funds have recently modified their holdings of the stock. Stifel Financial Corp raised its position in Blade Air Mobility by 18.9% during the third quarter. Stifel Financial Corp now owns 35,755 shares of the company’s stock valued at $105,000 after acquiring an additional 5,683 shares in the last quarter. CWM LLC grew 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. Charles Schwab Investment Management Inc. increased its holdings in shares of Blade Air Mobility by 6.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 170,117 shares of the company’s stock valued at $500,000 after purchasing an additional 10,272 shares in the last quarter. Sei Investments Co. acquired a new position in shares of Blade Air Mobility in the 2nd quarter valued at $38,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in Blade Air Mobility during the second quarter worth $40,000. Hedge funds and other institutional investors own 47.36% of the company’s stock.

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.