Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Sells $408,000.00 in Stock

Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Melissa M. Tomkiel sold 100,000 shares of Blade Air Mobility stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $4.08, for a total value of $408,000.00. Following the transaction, the general counsel now owns 1,151,204 shares of the company’s stock, valued at $4,696,912.32. The trade was a 7.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Blade Air Mobility Stock Down 2.5%

Blade Air Mobility stock opened at $3.89 on Friday. The stock has a market cap of $315.16 million, a P/E ratio of -5.64 and a beta of 1.65. Blade Air Mobility, Inc. has a twelve month low of $2.35 and a twelve month high of $5.17. The company’s 50-day moving average price is $3.17 and its two-hundred day moving average price is $3.54.

Blade Air Mobility (NASDAQ:BLDE) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.07. The firm had revenue of $54.31 million for the quarter, compared to analysts’ expectations of $49.30 million. Blade Air Mobility had a negative net margin of 21.28% and a negative return on equity of 12.16%. Equities analysts anticipate that Blade Air Mobility, Inc. will post -0.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Lake Street Capital began coverage on Blade Air Mobility in a report on Wednesday, February 26th. They set a “buy” rating and a $6.50 price target for the company.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Deutsche Bank AG raised its holdings in Blade Air Mobility by 57.1% in the 4th quarter. Deutsche Bank AG now owns 37,776 shares of the company’s stock valued at $161,000 after acquiring an additional 13,724 shares during the period. Rhumbline Advisers raised its holdings in Blade Air Mobility by 5.3% in the 4th quarter. Rhumbline Advisers now owns 140,779 shares of the company’s stock valued at $598,000 after acquiring an additional 7,037 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of Blade Air Mobility during the fourth quarter worth approximately $62,000. Raymond James Financial Inc. acquired a new stake in shares of Blade Air Mobility in the fourth quarter valued at approximately $833,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Blade Air Mobility in the fourth quarter valued at approximately $34,000. 47.36% of the stock is owned by institutional investors.

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.