Melissa M. Tomkiel Sells 89,242 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) Stock

Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Melissa M. Tomkiel sold 89,242 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $4.38, for a total transaction of $390,879.96. Following the sale, the general counsel now directly owns 1,083,761 shares of the company’s stock, valued at approximately $4,746,873.18. This trade represents a 7.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Blade Air Mobility Stock Up 8.0 %

BLDE stock opened at $4.74 on Friday. Blade Air Mobility, Inc. has a 52 week low of $2.45 and a 52 week high of $5.17. The firm has a market capitalization of $371.19 million, a P/E ratio of -6.87 and a beta of 1.05. The company has a fifty day simple moving average of $3.49 and a two-hundred day simple moving average of $3.31.

Institutional Trading of Blade Air Mobility

Several hedge funds have recently made changes to their positions in the business. Tidal Investments LLC increased its stake in Blade Air Mobility by 15.4% during the third quarter. Tidal Investments LLC now owns 655,616 shares of the company’s stock worth $1,928,000 after acquiring an additional 87,496 shares during the last quarter. Barclays PLC increased its position in shares of Blade Air Mobility by 50.9% during the 3rd quarter. Barclays PLC now owns 166,154 shares of the company’s stock valued at $488,000 after purchasing an additional 56,079 shares during the last quarter. Geode Capital Management LLC raised its holdings in Blade Air Mobility by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,375,295 shares of the company’s stock valued at $4,044,000 after buying an additional 52,274 shares during the period. XTX Topco Ltd lifted its position in Blade Air Mobility by 384.7% in the third quarter. XTX Topco Ltd now owns 73,763 shares of the company’s stock worth $217,000 after buying an additional 58,545 shares during the last quarter. Finally, Zacks Investment Management purchased a new position in Blade Air Mobility during the third quarter worth $89,000. 47.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.