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

Blend Labs, Inc. (NYSE:BLND) insider Oxana Tkach sold 18,324 shares of Blend Labs stock in a transaction on Monday, November 25th. The stock was sold at an average price of $5.18, for a total value of $94,918.32. Following the transaction, the insider now owns 88,677 shares in the company, valued at approximately $459,346.86. This represents a 17.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 %

BLND stock traded down $0.10 during trading on Tuesday, hitting $5.18. The company had a trading volume of 4,134,977 shares, compared to its average volume of 2,327,540. Blend Labs, Inc. has a 1-year low of $1.21 and a 1-year high of $5.40. The firm has a 50-day moving average price of $3.96 and a 200-day moving average price of $3.34. The firm has a market cap of $1.33 billion, a PE ratio of -15.53 and a beta of 1.16.

Analyst Ratings Changes

BLND has been the topic of several recent analyst reports. Canaccord Genuity Group upgraded shares of Blend Labs from a “hold” rating to a “buy” rating and boosted their target price for the company from $3.00 to $4.75 in a report on Monday, August 12th. William Blair upgraded Blend Labs from a “market perform” rating to an “outperform” rating in a report on Friday, August 9th. UBS Group raised their target price on Blend Labs from $3.00 to $4.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company upped their price target on Blend Labs from $3.50 to $4.50 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Canaccord Genuity Group increased their price target on Blend Labs from $4.75 to $5.75 and gave the stock a “buy” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $4.46.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BLND. Dark Forest Capital Management LP purchased a new stake in Blend Labs during the second quarter worth $31,000. Xponance Inc. purchased a new stake in shares of Blend Labs in the 2nd quarter worth about $35,000. Virtu Financial LLC acquired a new stake in Blend Labs in the 3rd quarter valued at about $63,000. Caxton Associates LP purchased a new position in Blend Labs during the 1st quarter valued at about $60,000. Finally, RiverPark Advisors LLC purchased a new stake in shares of Blend Labs in the third quarter valued at about $77,000. 52.56% of the stock is owned by hedge funds and other institutional investors.

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.