William A. Heyburn Sells 103,670 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) Stock

Blade Air Mobility, Inc. (NASDAQ:BLDE - Get Free Report) CFO William A. Heyburn sold 103,670 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $5.02, for a total value of $520,423.40. Following the transaction, the chief financial officer now owns 1,223,120 shares in the company, valued at $6,140,062.40. This trade represents a 7.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Blade Air Mobility Trading Down 11.7 %

BLDE stock traded down $0.55 during midday trading on Wednesday, hitting $4.15. The company had a trading volume of 914,699 shares, compared to its average volume of 1,171,059. Blade Air Mobility, Inc. has a 52 week low of $2.45 and a 52 week high of $5.17. The stock has a market cap of $324.99 million, a price-to-earnings ratio of -6.01 and a beta of 1.13. The stock's 50 day moving average price is $4.02 and its 200 day moving average price is $3.53.

Institutional Investors Weigh In On Blade Air Mobility

A number of large investors have recently added to or reduced their stakes in BLDE. Bank of New York Mellon Corp lifted its holdings in Blade Air Mobility by 16.3% in the second quarter. Bank of New York Mellon Corp now owns 187,940 shares of the company's stock worth $654,000 after buying an additional 26,326 shares during the period. American Century Companies Inc. increased its holdings in shares of Blade Air Mobility by 20.9% in the 2nd quarter. American Century Companies Inc. now owns 83,250 shares of the company's stock worth $290,000 after purchasing an additional 14,372 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Blade Air Mobility by 24.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 937,856 shares of the company's stock worth $3,264,000 after purchasing an additional 181,630 shares during the period. Renaissance Technologies LLC lifted its holdings in Blade Air Mobility by 19.0% during the second quarter. Renaissance Technologies LLC now owns 291,300 shares of the company's stock valued at $1,014,000 after purchasing an additional 46,600 shares in the last quarter. Finally, Sei Investments Co. bought a new position in shares of Blade Air Mobility during the 2nd quarter valued at about $38,000. Institutional investors own 47.36% of the company's stock.

Analysts Set New Price Targets

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 research note on Tuesday, October 29th.

Blade Air Mobility Company 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.

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