Oxana Tkach Sells 18,324 Shares of Blend Labs, Inc. (NYSE:BLND) Stock

Blend Labs, Inc. (NYSE:BLND) insider Oxana Tkach sold 18,324 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $5.18, for a total transaction of $94,918.32. Following the transaction, the insider now owns 88,677 shares of the company’s stock, valued at approximately $459,346.86. This represents a 17.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Oxana Tkach also recently made the following trade(s):

• On Monday, September 23rd, Oxana Tkach sold 4,303 shares of Blend Labs stock. The shares were sold at an average price of $3.98, for a total transaction of $17,125.94.

Blend Labs Stock Down 1.9 %

Shares of BLND stock opened at $5.18 on Wednesday. The company’s fifty day simple moving average is $3.96 and its 200-day simple moving average is $3.34. The firm has a market cap of $1.33 billion, a PE ratio of -15.23 and a beta of 1.16. Blend Labs, Inc. has a 12 month low of $1.21 and a 12 month high of $5.40.

Analyst Ratings Changes

Several research firms have recently weighed in on BLND. Canaccord Genuity Group upped their price target on shares of Blend Labs from $4.75 to $5.75 and gave the company a “buy” rating in a report on Thursday, November 7th. Canaccord Genuity Group upgraded shares of Blend Labs from a “hold” rating to a “buy” rating and upped their price target for the company from $3.00 to $4.75 in a report on Monday, August 12th. Wells Fargo & Company upped their price target on shares of Blend Labs from $3.50 to $4.50 and gave the company an “overweight” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their price target on shares of Blend Labs from $3.40 to $3.90 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, William Blair upgraded shares of Blend Labs from a “market perform” rating to an “outperform” rating in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Blend Labs has an average rating of “Moderate Buy” and an average target price of $4.46.

Institutional Trading of Blend Labs

Institutional investors have recently made changes to their positions in the business. Dark Forest Capital Management LP bought a new stake in shares of Blend Labs in the second quarter worth $31,000. Xponance Inc. bought a new stake in shares of Blend Labs in the second quarter worth $35,000. Virtu Financial LLC bought a new stake in shares of Blend Labs in the third quarter worth $63,000. Caxton Associates LP bought a new stake in Blend Labs during the first quarter worth $60,000. Finally, RiverPark Advisors LLC acquired a new stake in Blend Labs in the third quarter valued at $77,000. Institutional investors own 52.56% of the company’s stock.

Blend Labs Company Profile

Blend Labs, Inc engages in the provision of cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company's Blend Builder Platform offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts; and offers mortgage products to facilitate the homeownership journey for consumers comprising close, income verification for mortgage, homeowners' insurance, and realty.