Stifel Financial Corp Buys 5,683 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE)

Stifel Financial Corp increased its position in Blade Air Mobility, Inc. (NASDAQ:BLDE) by 18.9% during the 3rd quarter, Holdings Channel reports. The firm owned 35,755 shares of the company’s stock after acquiring an additional 5,683 shares during the quarter. Stifel Financial Corp’s holdings in Blade Air Mobility were worth $105,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sei Investments Co. bought a new position in shares of Blade Air Mobility during the 2nd quarter worth $38,000. EverSource Wealth Advisors LLC purchased a new stake in Blade Air Mobility in the second quarter worth about $40,000. Cobblestone Capital Advisors LLC NY bought a new position in Blade Air Mobility during the 3rd quarter worth about $35,000. SG Americas Securities LLC bought a new stake in shares of Blade Air Mobility in the 3rd quarter valued at about $52,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Blade Air Mobility in the 3rd quarter worth approximately $52,000. 47.36% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, General Counsel Melissa M. Tomkiel sold 22,135 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $5.02, for a total transaction of $111,117.70. Following the transaction, the general counsel now directly owns 1,061,626 shares in the company, valued at $5,329,362.52. The trade was a 2.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert S. Wiesenthal sold 2,100,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $3.22, for a total value of $6,762,000.00. Following the transaction, the chief executive officer now directly owns 4,812,892 shares in the company, valued at $15,497,512.24. This represents a 30.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,341,584 shares of company stock worth $7,845,126. 17.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lifted 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 Trading Down 0.7 %

BLDE opened at $4.38 on Tuesday. The firm has a market cap of $343.02 million, a price-to-earnings ratio of -6.35 and a beta of 1.13. Blade Air Mobility, Inc. has a 12 month low of $2.45 and a 12 month high of $5.17. The stock has a fifty day moving average price of $3.91 and a 200-day moving average price of $3.47.

Blade Air Mobility 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.