GSA Capital Partners LLP Purchases 268,802 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE)

GSA Capital Partners LLP boosted its holdings in Blade Air Mobility, Inc. (NASDAQ:BLDE - Free Report) by 245.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 378,240 shares of the company's stock after purchasing an additional 268,802 shares during the quarter. GSA Capital Partners LLP owned approximately 0.49% of Blade Air Mobility worth $1,112,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BLDE. ARK Investment Management LLC boosted its position in shares of Blade Air Mobility by 12.0% during the third quarter. ARK Investment Management LLC now owns 7,217,251 shares of the company's stock worth $21,219,000 after acquiring an additional 774,114 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in shares of Blade Air Mobility by 97.4% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 45,944 shares of the company's stock valued at $135,000 after purchasing an additional 22,675 shares during the last quarter. City State Bank purchased a new position in shares of Blade Air Mobility during the third quarter valued at about $101,000. SG Americas Securities LLC purchased a new position in shares of Blade Air Mobility in the 3rd quarter worth $52,000. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of Blade Air Mobility by 77.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 38,651 shares of the company's stock worth $135,000 after buying an additional 16,922 shares during the last quarter. 47.36% of the stock is owned by hedge funds and other institutional investors.

Blade Air Mobility Price Performance

Shares of NASDAQ:BLDE traded down $0.26 during trading hours on Friday, hitting $3.16. 947,313 shares of the company's stock traded hands, compared to its average volume of 650,443. Blade Air Mobility, Inc. has a 1 year low of $2.45 and a 1 year high of $4.24. The firm has a market capitalization of $246.27 million, a P/E ratio of -4.58 and a beta of 1.05. The business has a fifty day moving average price of $3.40 and a 200-day moving average price of $3.30.

Analysts Set New Price Targets

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

Insider Transactions at Blade Air Mobility

In other Blade Air Mobility news, CEO Robert S. Wiesenthal sold 2,100,000 shares of Blade Air Mobility stock in a transaction on 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 sale, the chief executive officer now directly owns 4,812,892 shares of the company's stock, valued at $15,497,512.24. The trade was a 30.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Melissa M. Tomkiel sold 44,621 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $3.40, for a total value of $151,711.40. Following the transaction, the general counsel now directly owns 1,173,003 shares in the company, valued at $3,988,210.20. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,157,253 shares of company stock worth $6,949,713. 17.50% of the stock is currently owned by insiders.

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.