Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Melissa M. Tomkiel Sells 89,242 Shares

Blade Air Mobility, Inc. (NASDAQ:BLDE - Get Free Report) General Counsel Melissa M. Tomkiel sold 89,242 shares of Blade Air Mobility stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $4.38, for a total value of $390,879.96. Following the completion of the transaction, the general counsel now directly owns 1,083,761 shares in the company, valued at approximately $4,746,873.18. This represents a 7.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Blade Air Mobility Stock Up 8.0 %

BLDE traded up $0.35 during trading on Friday, hitting $4.74. 2,375,670 shares of the company traded hands, compared to its average volume of 688,351. Blade Air Mobility, Inc. has a one year low of $2.45 and a one year high of $5.17. The stock's fifty day moving average is $3.49 and its 200 day moving average is $3.31. The firm has a market cap of $371.19 million, a P/E ratio of -6.87 and a beta of 1.05.

Hedge Funds Weigh In On Blade Air Mobility

A number of large investors have recently made changes to their positions in the stock. Tidal Investments LLC increased its holdings in shares of Blade Air Mobility by 15.4% in the 3rd quarter. Tidal Investments LLC now owns 655,616 shares of the company's stock worth $1,928,000 after buying an additional 87,496 shares during the last quarter. Barclays PLC boosted its position in Blade Air Mobility by 50.9% during the 3rd quarter. Barclays PLC now owns 166,154 shares of the company's stock valued at $488,000 after buying an additional 56,079 shares during the period. Geode Capital Management LLC grew its stake in shares of Blade Air Mobility by 4.0% in the third quarter. Geode Capital Management LLC now owns 1,375,295 shares of the company's stock worth $4,044,000 after purchasing an additional 52,274 shares during the last quarter. XTX Topco Ltd lifted its stake in Blade Air Mobility by 384.7% in the third quarter. XTX Topco Ltd now owns 73,763 shares of the company's stock worth $217,000 after acquiring an additional 58,545 shares during the period. Finally, Zacks Investment Management purchased a new stake in shares of Blade Air Mobility in the 3rd quarter worth about $89,000. 47.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their target price on shares of Blade Air Mobility from $5.00 to $6.00 and gave the stock an "overweight" rating in a research note 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.

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