Blend Labs, Inc. (NYSE:BLND – Get Free Report) insider Winnie Ling sold 20,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $3.33, for a total transaction of $66,600.00. Following the completion of the sale, the insider now directly owns 286,416 shares of the company’s stock, valued at approximately $953,765.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Blend Labs Price Performance
NYSE:BLND traded up $0.51 during trading hours on Friday, hitting $3.91. The company’s stock had a trading volume of 4,503,890 shares, compared to its average volume of 2,322,033. The company has a market capitalization of $994.08 million, a P/E ratio of -6.19 and a beta of 1.15. Blend Labs, Inc. has a twelve month low of $1.10 and a twelve month high of $4.22. The stock has a fifty day simple moving average of $3.23 and a 200-day simple moving average of $2.89.
Blend Labs (NYSE:BLND – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. The company had revenue of $40.48 million for the quarter, compared to the consensus estimate of $39.50 million. Blend Labs had a negative net margin of 77.63% and a negative return on equity of 595.99%. On average, equities analysts predict that Blend Labs, Inc. will post -0.27 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on Blend Labs
Institutional Trading of Blend Labs
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPL Wealth Management LLC acquired a new position in shares of Blend Labs in the fourth quarter valued at approximately $26,000. Dark Forest Capital Management LP bought a new position in shares of Blend Labs during the second quarter valued at $31,000. Xponance Inc. bought a new position in shares of Blend Labs during the second quarter valued at $35,000. AMG National Trust Bank acquired a new position in shares of Blend Labs during the fourth quarter worth $37,000. Finally, Berylson Capital Partners LLC bought a new stake in shares of Blend Labs in the fourth quarter worth $52,000. Institutional investors own 52.56% of the company’s stock.
About Blend Labs
Blend Labs, Inc engages in the provision of cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company's Blend Builder Platform offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts; and offers mortgage products to facilitate the homeownership journey for consumers comprising close, income verification for mortgage, homeowners' insurance, and realty.
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