Blade Air Mobility, Inc. (NASDAQ:BLDE) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its position in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 13.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,079 shares of the company’s stock after selling 4,662 shares during the period. Jane Street Group LLC’s holdings in Blade Air Mobility were worth $88,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Wolverine Trading LLC purchased a new stake in shares of Blade Air Mobility during the third quarter worth approximately $119,000. State Street Corp grew its holdings in shares of Blade Air Mobility by 2.5% during the third quarter. State Street Corp now owns 1,280,842 shares of the company’s stock worth $3,766,000 after buying an additional 31,313 shares in the last quarter. Stifel Financial Corp raised its position in shares of Blade Air Mobility by 18.9% in the third quarter. Stifel Financial Corp now owns 35,755 shares of the company’s stock valued at $105,000 after buying an additional 5,683 shares during the last quarter. Maven Securities LTD purchased a new position in shares of Blade Air Mobility in the third quarter worth about $206,000. Finally, Cobblestone Capital Advisors LLC NY acquired a new position in Blade Air Mobility during the third quarter worth about $35,000. Institutional investors and hedge funds own 47.36% of the company’s stock.

Insider Activity

In other Blade Air Mobility news, General Counsel Melissa M. Tomkiel sold 44,621 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $3.40, for a total value of $151,711.40. Following the transaction, the general counsel now directly owns 1,173,003 shares in the company, valued at $3,988,210.20. The trade was a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO William A. Heyburn sold 23,815 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $5.02, for a total transaction of $119,551.30. Following the completion of the sale, the chief financial officer now directly owns 1,376,111 shares of the company’s stock, valued at approximately $6,908,077.22. This trade represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,445,254 shares of company stock valued at $8,365,549. 17.50% of the stock is currently owned by insiders.

Blade Air Mobility Stock Performance

NASDAQ BLDE opened at $3.71 on Wednesday. The stock’s fifty day moving average is $4.05 and its two-hundred day moving average is $3.55. The firm has a market capitalization of $290.54 million, a P/E ratio of -5.38 and a beta of 1.14. Blade Air Mobility, Inc. has a fifty-two week low of $2.45 and a fifty-two week high of $5.17.

Analyst Upgrades and Downgrades

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

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.