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

Blade Air Mobility, Inc. (NASDAQ:BLDE) CEO Scott M. Wunsch sold 7,741 shares of Blade Air Mobility stock in a transaction on 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 owns 284,962 shares in the company, valued at $812,141.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Blade Air Mobility Stock Up 2.3 %

Shares of BLDE stock traded up $0.07 during trading hours on Friday, reaching $3.18. 97,340 shares of the company traded hands, compared to its average volume of 674,082. The firm has a 50-day moving average price of $3.19 and a 200 day moving average price of $3.24. Blade Air Mobility, Inc. has a 12-month low of $2.06 and a 12-month high of $4.24.

Blade Air Mobility (NASDAQ:BLDE) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.06) earnings per share (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 firm had revenue of $67.95 million during the quarter, compared to analysts’ expectations of $62.86 million. On average, equities research analysts forecast that Blade Air Mobility, Inc. will post -0.36 EPS for the current year.

Hedge Funds Weigh In On Blade Air Mobility

Several large investors have recently made changes to their positions in BLDE. Sanctuary Advisors LLC bought a new stake in Blade Air Mobility during the 2nd quarter valued at approximately $284,000. AQR Capital Management LLC boosted its position in shares of Blade Air Mobility by 42.4% during the second quarter. AQR Capital Management LLC now owns 546,630 shares of the company’s stock worth $1,902,000 after acquiring an additional 162,867 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in Blade Air Mobility by 77.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 38,651 shares of the company’s stock valued at $135,000 after acquiring an additional 16,922 shares during the last quarter. 272 Capital LP purchased a new stake in Blade Air Mobility in the 2nd quarter worth $337,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of Blade Air Mobility during the 2nd quarter valued at about $40,000. 47.36% of the stock is currently owned by hedge funds and other institutional investors.

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.