Blade Air Mobility, Inc. (NASDAQ:BLDE) CFO Sells $119,551.30 in Stock

Blade Air Mobility, Inc. (NASDAQ:BLDE) CFO William A. Heyburn sold 23,815 shares of Blade Air Mobility stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $5.02, for a total value of $119,551.30. Following the completion of the sale, the chief financial officer now owns 1,376,111 shares of the company’s stock, valued at approximately $6,908,077.22. The trade was a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Blade Air Mobility Price Performance

Shares of NASDAQ BLDE traded down $0.18 during trading on Tuesday, hitting $4.28. 1,629,615 shares of the company traded hands, compared to its average volume of 699,917. The business’s fifty day moving average is $3.55 and its 200 day moving average is $3.32. Blade Air Mobility, Inc. has a fifty-two week low of $2.45 and a fifty-two week high of $5.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ARK Investment Management LLC lifted its holdings in shares of Blade Air Mobility by 12.0% in the 3rd quarter. ARK Investment Management LLC now owns 7,217,251 shares of the company’s stock worth $21,219,000 after purchasing an additional 774,114 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Blade Air Mobility by 10.4% in 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 in the last quarter. GSA Capital Partners LLP grew its holdings in shares of Blade Air Mobility by 245.6% during the third quarter. GSA Capital Partners LLP now owns 378,240 shares of the company’s stock valued at $1,112,000 after buying an additional 268,802 shares during the last quarter. Cerity Partners LLC increased its position in shares of Blade Air Mobility by 610.0% during the third quarter. Cerity Partners LLC now owns 303,439 shares of the company’s stock worth $892,000 after acquiring an additional 260,699 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Blade Air Mobility by 24.0% in 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. Institutional investors own 47.36% of the company’s stock.

Wall Street Analyst Weigh In

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