Melissa M. Tomkiel Sells 22,135 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) Stock

Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Melissa M. Tomkiel sold 22,135 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $5.02, for a total value of $111,117.70. Following the completion of the transaction, the general counsel now directly owns 1,061,626 shares of the company’s stock, valued at approximately $5,329,362.52. This trade represents a 2.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Blade Air Mobility Price Performance

Shares of BLDE opened at $4.74 on Monday. The firm has a 50 day simple moving average of $3.52 and a two-hundred day simple moving average of $3.31. Blade Air Mobility, Inc. has a one year low of $2.45 and a one year high of $5.17. The company has a market cap of $371.21 million, a P/E ratio of -6.87 and a beta of 1.05.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Blade Air Mobility

Hedge funds and other institutional investors have recently modified their holdings of the business. ARK Investment Management LLC lifted its position in shares of Blade Air Mobility by 12.0% during the 3rd quarter. ARK Investment Management LLC now owns 7,217,251 shares of the company’s stock worth $21,219,000 after buying an additional 774,114 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Blade Air Mobility by 10.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,060,282 shares of the company’s stock worth $14,130,000 after acquiring an additional 381,308 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Blade Air Mobility by 1.0% in the first quarter. Vanguard Group Inc. now owns 2,967,500 shares of the company’s stock worth $8,457,000 after acquiring an additional 28,622 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Blade Air Mobility by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,375,295 shares of the company’s stock valued at $4,044,000 after purchasing an additional 52,274 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Blade Air Mobility by 2.5% during the 3rd quarter. State Street Corp now owns 1,280,842 shares of the company’s stock valued at $3,766,000 after purchasing an additional 31,313 shares during the last quarter. Institutional investors 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.