Blade Air Mobility, Inc. (NASDAQ:BLDE) CEO Scott M. Wunsch Sells 7,741 Shares

Blade Air Mobility, Inc. (NASDAQ:BLDE) CEO Scott M. Wunsch sold 7,741 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $2.85, for a total value of $22,061.85. Following the transaction, the chief executive officer now directly owns 284,962 shares in the company, valued at $812,141.70. The sale was disclosed in a document filed with the SEC, which is available at this link.

Blade Air Mobility Price Performance

Shares of NASDAQ BLDE opened at $3.18 on Monday. The stock has a market capitalization of $245.96 million, a P/E ratio of -4.68 and a beta of 1.09. Blade Air Mobility, Inc. has a one year low of $2.06 and a one year high of $4.24. The firm’s 50 day simple moving average is $3.19 and its two-hundred day simple moving average is $3.24.

Blade Air Mobility (NASDAQ:BLDE) last issued its earnings results on Wednesday, August 7th. The company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). Blade Air Mobility had a negative net margin of 20.64% and a negative return on equity of 10.86%. The company had revenue of $67.95 million for the quarter, compared to analysts’ expectations of $62.86 million. As a group, equities analysts expect that Blade Air Mobility, Inc. will post -0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Blade Air Mobility

A number of hedge funds and other institutional investors have recently modified their holdings of BLDE. AWM Investment Company Inc. grew its position 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 worth $6,089,000 after acquiring an additional 747,743 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of Blade Air Mobility during the first quarter valued at approximately $1,721,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Blade Air Mobility by 10.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,060,282 shares of the company’s stock worth $14,130,000 after purchasing an additional 381,308 shares during the last quarter. ARK Investment Management LLC increased its stake in shares of Blade Air Mobility by 3.7% in the second quarter. ARK Investment Management LLC now owns 6,443,137 shares of the company’s stock worth $22,422,000 after buying an additional 230,216 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Blade Air Mobility by 24.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 937,856 shares of the company’s stock valued at $3,264,000 after buying an additional 181,630 shares during the last quarter. 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.