Blade Air Mobility, Inc. (NASDAQ:BLDE) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC boosted its position in Blade Air Mobility, Inc. (NASDAQ:BLDE) by 15.4% in the third quarter, HoldingsChannel.com reports. The firm owned 655,616 shares of the company’s stock after purchasing an additional 87,496 shares during the quarter. Tidal Investments LLC’s holdings in Blade Air Mobility were worth $1,928,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BLDE. Stifel Financial Corp raised its stake in shares of Blade Air Mobility by 18.9% in the 3rd quarter. Stifel Financial Corp now owns 35,755 shares of the company’s stock worth $105,000 after buying an additional 5,683 shares in the last quarter. CWM LLC raised its position in Blade Air Mobility by 764.5% in the second quarter. CWM LLC now owns 7,374 shares of the company’s stock worth $26,000 after acquiring an additional 6,521 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Blade Air Mobility by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 170,117 shares of the company’s stock valued at $500,000 after acquiring an additional 10,272 shares during the last quarter. Sei Investments Co. acquired a new stake in Blade Air Mobility in the 2nd quarter valued at about $38,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of Blade Air Mobility during the 2nd quarter valued at about $40,000. 47.36% of the stock is owned by institutional investors.

Blade Air Mobility Stock Up 2.0 %

BLDE opened at $4.12 on Tuesday. The firm has a market cap of $322.65 million, a PE ratio of -5.97 and a beta of 1.13. The business has a fifty day simple moving average of $3.80 and a 200-day simple moving average of $3.40. Blade Air Mobility, Inc. has a fifty-two week low of $2.45 and a fifty-two week high of $5.17.

Insider Activity

In other Blade Air Mobility news, General Counsel Melissa M. Tomkiel sold 44,621 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $3.40, for a total transaction of $151,711.40. Following the sale, the general counsel now owns 1,173,003 shares in the company, valued at approximately $3,988,210.20. The trade was a 3.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert S. Wiesenthal sold 2,100,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $3.22, for a total transaction of $6,762,000.00. Following the completion of the transaction, the chief executive officer now owns 4,812,892 shares of the company’s stock, valued at approximately $15,497,512.24. The trade was a 30.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,341,584 shares of company stock valued at $7,845,126 over the last three months. Insiders own 17.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their target price 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.

Blade Air Mobility 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.