Blade Air Mobility, Inc. (NASDAQ:BLDE) CFO William A. Heyburn Sells 100,000 Shares of Stock

Blade Air Mobility, Inc. (NASDAQ:BLDE) CFO William A. Heyburn sold 100,000 shares of the company’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $4.07, for a total transaction of $407,000.00. Following the completion of the transaction, the chief financial officer now owns 1,360,002 shares of the company’s stock, valued at approximately $5,535,208.14. This trade represents a 6.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Blade Air Mobility Price Performance

Blade Air Mobility stock opened at $4.13 on Thursday. The stock has a market capitalization of $334.60 million, a PE ratio of -5.99 and a beta of 1.65. The business has a 50 day simple moving average of $3.11 and a 200-day simple moving average of $3.54. Blade Air Mobility, Inc. has a 12 month low of $2.35 and a 12 month high of $5.17.

Blade Air Mobility (NASDAQ:BLDE) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.07. The company had revenue of $54.31 million during the quarter, compared to analyst estimates of $49.30 million. Blade Air Mobility had a negative net margin of 21.28% and a negative return on equity of 12.16%. On average, equities research analysts anticipate that Blade Air Mobility, Inc. will post -0.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Lake Street Capital started coverage on Blade Air Mobility in a research report on Wednesday, February 26th. They set a “buy” rating and a $6.50 target price on the stock.

Institutional Trading of Blade Air Mobility

Several institutional investors have recently modified their holdings of BLDE. Northern Trust Corp raised its position in shares of Blade Air Mobility by 0.7% during the 4th quarter. Northern Trust Corp now owns 475,169 shares of the company’s stock worth $2,019,000 after purchasing an additional 3,532 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Blade Air Mobility by 3.1% during the 4th quarter. Bank of New York Mellon Corp now owns 138,561 shares of the company’s stock worth $589,000 after buying an additional 4,118 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Blade Air Mobility by 9.0% during the first quarter. SBI Securities Co. Ltd. now owns 51,604 shares of the company’s stock valued at $141,000 after acquiring an additional 4,256 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Blade Air Mobility by 30.0% during the fourth quarter. SG Americas Securities LLC now owns 22,970 shares of the company’s stock valued at $98,000 after acquiring an additional 5,297 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of Blade Air Mobility by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 16,341 shares of the company’s stock valued at $69,000 after acquiring an additional 5,377 shares in the last quarter. Institutional investors and hedge funds own 47.36% 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.