Insider Selling: Blade Air Mobility, Inc. (NASDAQ:BLDE) CEO Sells 7,741 Shares of Stock

Blade Air Mobility, Inc. (NASDAQ:BLDE) CEO Scott M. Wunsch sold 7,741 shares of Blade Air Mobility stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $2.85, for a total transaction of $22,061.85. Following the sale, the chief executive officer now directly owns 284,962 shares of the company’s stock, valued at $812,141.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Blade Air Mobility Stock Performance

NASDAQ BLDE opened at $3.18 on Friday. The company has a market capitalization of $247.82 million, a P/E ratio of -4.68 and a beta of 1.09. The company has a fifty day moving average of $3.19 and a 200-day moving average of $3.24. Blade Air Mobility, Inc. has a 52-week low of $2.06 and a 52-week high of $4.24.

Blade Air Mobility (NASDAQ:BLDE) last issued its earnings results on Wednesday, August 7th. The company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). The company had revenue of $67.95 million for the quarter, compared to analysts’ expectations of $62.86 million. Blade Air Mobility had a negative net margin of 20.64% and a negative return on equity of 10.86%. As a group, analysts forecast that Blade Air Mobility, Inc. will post -0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Blade Air Mobility

A number of large investors have recently added to or reduced their stakes in BLDE. AWM Investment Company Inc. raised its position in Blade Air Mobility by 53.8% in the 1st quarter. AWM Investment Company Inc. now owns 2,136,378 shares of the company’s stock worth $6,089,000 after purchasing an additional 747,743 shares during the period. Tidal Investments LLC purchased a new position in Blade Air Mobility in the 1st quarter worth $1,721,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in Blade Air Mobility by 10.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,060,282 shares of the company’s stock worth $14,130,000 after purchasing an additional 381,308 shares during the period. ARK Investment Management LLC increased its position in shares of Blade Air Mobility by 3.7% in the second quarter. ARK Investment Management LLC now owns 6,443,137 shares of the company’s stock valued at $22,422,000 after acquiring an additional 230,216 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Blade Air Mobility by 24.0% in the second quarter. Dimensional Fund Advisors LP now owns 937,856 shares of the company’s stock valued at $3,264,000 after acquiring an additional 181,630 shares during the period. Hedge funds and other 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.