Robert S. Wiesenthal Sells 2,100,000 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) Stock

Blade Air Mobility, Inc. (NASDAQ:BLDE) CEO Robert S. Wiesenthal sold 2,100,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $3.22, for a total transaction of $6,762,000.00. Following the transaction, the chief executive officer now directly owns 4,812,892 shares of the company’s stock, valued at approximately $15,497,512.24. This represents a 30.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Blade Air Mobility Price Performance

BLDE stock traded down $0.29 during mid-day trading on Friday, hitting $3.13. 761,711 shares of the company were exchanged, compared to its average volume of 649,597. Blade Air Mobility, Inc. has a twelve month low of $2.45 and a twelve month high of $4.24. The firm has a fifty day simple moving average of $3.40 and a 200 day simple moving average of $3.30.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their price objective on shares of 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

Several hedge funds and other institutional investors have recently modified their holdings of BLDE. ARK Investment Management LLC boosted its holdings in shares of Blade Air Mobility by 12.0% in the 3rd quarter. ARK Investment Management LLC now owns 7,217,251 shares of the company’s stock valued at $21,219,000 after buying an additional 774,114 shares during the period. AWM Investment Company Inc. boosted its stake in Blade Air Mobility by 53.8% during the 1st quarter. AWM Investment Company Inc. now owns 2,136,378 shares of the company’s stock valued at $6,089,000 after purchasing an additional 747,743 shares during the period. Tidal Investments LLC acquired a new position in Blade Air Mobility during the 1st quarter valued at about $1,721,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Blade Air Mobility by 10.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,060,282 shares of the company’s stock valued at $14,130,000 after purchasing an additional 381,308 shares during the period. Finally, GSA Capital Partners LLP boosted its stake in Blade Air Mobility by 245.6% during the 3rd quarter. GSA Capital Partners LLP now owns 378,240 shares of the company’s stock valued at $1,112,000 after purchasing an additional 268,802 shares during the period. 47.36% of the stock is owned by institutional investors and hedge funds.

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.