Blend Labs, Inc. (NYSE:BLND – Get Free Report) insider Winnie Ling sold 20,000 shares of Blend Labs stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $3.43, for a total transaction of $68,600.00. Following the completion of the sale, the insider now owns 259,169 shares of the company’s stock, valued at approximately $888,949.67. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Winnie Ling also recently made the following trade(s):
- On Thursday, September 26th, Winnie Ling sold 10,000 shares of Blend Labs stock. The shares were sold at an average price of $4.06, for a total transaction of $40,600.00.
- On Thursday, September 12th, Winnie Ling sold 20,000 shares of Blend Labs stock. The shares were sold at an average price of $3.33, for a total transaction of $66,600.00.
Blend Labs Stock Performance
Shares of NYSE:BLND opened at $3.64 on Friday. The company has a fifty day moving average of $3.62 and a 200-day moving average of $3.02. The company has a market capitalization of $925.43 million, a PE ratio of -7.43 and a beta of 1.15. Blend Labs, Inc. has a 52-week low of $1.15 and a 52-week high of $4.25.
Wall Street Analyst Weigh In
BLND has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Blend Labs from $3.00 to $3.25 and gave the company a “market perform” rating in a research note on Monday, August 12th. Canaccord Genuity Group raised shares of Blend Labs from a “hold” rating to a “buy” rating and lifted their price objective for the company from $3.00 to $4.75 in a research note on Monday, August 12th. The Goldman Sachs Group lifted their price objective on shares of Blend Labs from $3.00 to $3.40 and gave the company a “buy” rating in a research note on Friday, August 9th. Canaccord Genuity Group raised shares of Blend Labs from a “hold” rating to a “buy” rating and lifted their price objective for the company from $3.00 to $4.75 in a research note on Monday, August 12th. Finally, William Blair raised shares of Blend Labs from a “market perform” rating to an “outperform” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Blend Labs presently has an average rating of “Moderate Buy” and a consensus target price of $3.93.
Get Our Latest Stock Report on BLND
Institutional Trading of Blend Labs
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Essex Investment Management Co. LLC acquired a new stake in Blend Labs in the third quarter valued at $1,803,000. SG Americas Securities LLC acquired a new stake in Blend Labs in the third quarter valued at $660,000. EP Wealth Advisors LLC increased its holdings in Blend Labs by 8.2% in the second quarter. EP Wealth Advisors LLC now owns 212,841 shares of the company’s stock valued at $502,000 after purchasing an additional 16,084 shares during the period. Algert Global LLC increased its holdings in Blend Labs by 27.6% in the second quarter. Algert Global LLC now owns 86,156 shares of the company’s stock valued at $203,000 after purchasing an additional 18,656 shares during the period. Finally, ShawSpring Partners LLC increased its holdings in Blend Labs by 58.7% in the second quarter. ShawSpring Partners LLC now owns 6,716,144 shares of the company’s stock valued at $15,850,000 after purchasing an additional 2,485,283 shares during the period. 52.56% of the stock is currently owned by institutional investors and hedge funds.
About Blend Labs
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.
See Also
- Five stocks we like better than Blend Labs
- Health Care Stocks Explained: Why You Might Want to Invest
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
- Industrial Products Stocks Investing
- China’s EV Rally: Should Investors Chase, Avoid, or Buy the Dip?
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- MarketBeat Week in Review – 10/7 – 10/11
Receive News & Ratings for Blend Labs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blend Labs and related companies with MarketBeat.com's FREE daily email newsletter.