Blade Air Mobility, Inc. (NASDAQ:BLDE) CFO Sells $197,210.70 in Stock

Blade Air Mobility, Inc. (NASDAQ:BLDE) CFO William A. Heyburn sold 39,285 shares of Blade Air Mobility stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $5.02, for a total value of $197,210.70. Following the transaction, the chief financial officer now directly owns 1,336,826 shares in the company, valued at approximately $6,710,866.52. This trade represents a 2.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Blade Air Mobility Trading Down 3.1 %

NASDAQ BLDE opened at $4.04 on Friday. The company has a market capitalization of $316.37 million, a PE ratio of -5.86 and a beta of 1.13. Blade Air Mobility, Inc. has a 1-year low of $2.45 and a 1-year high of $5.17. The firm’s fifty day simple moving average is $3.79 and its 200-day simple moving average is $3.39.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BLDE. CWM LLC grew its stake in shares of Blade Air Mobility by 764.5% in the 2nd quarter. CWM LLC now owns 7,374 shares of the company’s stock valued at $26,000 after buying an additional 6,521 shares in the last quarter. Cobblestone Capital Advisors LLC NY bought a new position in Blade Air Mobility during the third quarter valued at approximately $35,000. Sei Investments Co. acquired a new stake in Blade Air Mobility in the second quarter valued at approximately $38,000. EverSource Wealth Advisors LLC bought a new stake in Blade Air Mobility in the second quarter worth approximately $40,000. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Blade Air Mobility during the 2nd quarter worth $50,000. 47.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted 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 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.