Melissa M. Tomkiel Sells 44,621 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) Stock

Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Melissa M. Tomkiel sold 44,621 shares of Blade Air Mobility stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $3.40, for a total transaction of $151,711.40. Following the sale, the general counsel now directly owns 1,173,003 shares in the company, valued at approximately $3,988,210.20. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Blade Air Mobility Trading Down 6.6 %

NASDAQ BLDE opened at $3.42 on Friday. Blade Air Mobility, Inc. has a 52 week low of $2.45 and a 52 week high of $4.24. The business’s fifty day simple moving average is $3.40 and its 200-day simple moving average is $3.30.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. CWM LLC raised its holdings in Blade Air Mobility by 764.5% in the 2nd quarter. CWM LLC now owns 7,374 shares of the company’s stock valued at $26,000 after buying an additional 6,521 shares during the period. Sei Investments Co. purchased a new stake in Blade Air Mobility in the 2nd quarter valued at about $38,000. EverSource Wealth Advisors LLC purchased a new stake in Blade Air Mobility in the 2nd quarter valued at about $40,000. Cobblestone Capital Advisors LLC NY purchased a new stake in Blade Air Mobility during the third quarter worth about $35,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in Blade Air Mobility during the second quarter worth about $50,000. Hedge funds and other institutional investors own 47.36% of the company’s stock.

Blade Air Mobility Company Profile

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.