Cobblestone Capital Advisors LLC NY Acquires Shares of 12,000 Blade Air Mobility, Inc. (NASDAQ:BLDE)

Cobblestone Capital Advisors LLC NY acquired a new stake in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,000 shares of the company’s stock, valued at approximately $35,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. CWM LLC boosted its position in Blade Air Mobility by 764.5% during the 2nd quarter. CWM LLC now owns 7,374 shares of the company’s stock valued at $26,000 after buying an additional 6,521 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of Blade Air Mobility by 70.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 21,850 shares of the company’s stock valued at $62,000 after acquiring an additional 9,000 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Blade Air Mobility by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 170,117 shares of the company’s stock worth $500,000 after purchasing an additional 10,272 shares during the period. Sei Investments Co. bought a new stake in shares of Blade Air Mobility in the second quarter worth about $38,000. Finally, EverSource Wealth Advisors LLC purchased a new position in Blade Air Mobility during the 2nd quarter valued at about $40,000. Institutional investors own 47.36% of the company’s stock.

Insiders Place Their Bets

In other Blade Air Mobility news, CEO Robert S. Wiesenthal sold 2,100,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 4,812,892 shares in the company, valued at approximately $15,497,512.24. This represents a 30.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Melissa M. Tomkiel sold 44,621 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $3.40, for a total value of $151,711.40. Following the completion of the transaction, the general counsel now owns 1,173,003 shares of the company’s stock, valued at approximately $3,988,210.20. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,268,630 shares of company stock worth $7,451,710. 17.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Blade Air Mobility Stock Up 8.0 %

Shares of BLDE stock opened at $4.74 on Monday. The firm has a market capitalization of $371.21 million, a price-to-earnings ratio of -6.87 and a beta of 1.05. The stock has a fifty day moving average of $3.52 and a 200 day moving average of $3.31. Blade Air Mobility, Inc. has a 52 week low of $2.45 and a 52 week high of $5.17.

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.