Blade Air Mobility, Inc. (NASDAQ:BLDE) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC boosted its holdings in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE - Free Report) by 610.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 303,439 shares of the company's stock after buying an additional 260,699 shares during the quarter. Cerity Partners LLC owned 0.39% of Blade Air Mobility worth $892,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. 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. Sei Investments Co. acquired a new position in shares of Blade Air Mobility in the second quarter worth about $38,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Blade Air Mobility during the 2nd quarter worth about $40,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Blade Air Mobility during the 2nd quarter valued at about $50,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Blade Air Mobility during the 3rd quarter valued at about $52,000. 47.36% of the stock is currently owned by institutional investors and hedge funds.

Blade Air Mobility Price Performance

NASDAQ BLDE traded up $0.33 on Friday, hitting $4.72. The company had a trading volume of 1,742,229 shares, compared to its average volume of 711,193. The company has a market capitalization of $369.64 million, a PE ratio of -6.78 and a beta of 1.13. Blade Air Mobility, Inc. has a 12-month low of $2.45 and a 12-month high of $5.17. The company's fifty day moving average price is $3.64 and its 200-day moving average price is $3.34.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised their price objective on Blade Air Mobility from $5.00 to $6.00 and gave the company an "overweight" rating in a report on Tuesday, October 29th.

Insider Buying and Selling

In other Blade Air Mobility news, General Counsel Melissa M. Tomkiel sold 22,135 shares of Blade Air Mobility stock in a transaction on Friday, November 29th. The shares were sold at an average price of $5.02, for a total transaction of $111,117.70. Following the sale, the general counsel now owns 1,061,626 shares of the company's stock, valued at $5,329,362.52. The trade was a 2.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO William A. Heyburn sold 23,815 shares of the company's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $5.02, for a total transaction of $119,551.30. Following the sale, the chief financial officer now directly owns 1,376,111 shares of the company's stock, valued at $6,908,077.22. The trade was a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,292,445 shares of company stock worth $7,571,262 in the last 90 days. Insiders own 17.50% of the company's stock.

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.