Tudor Investment Corp ET AL Grows Holdings in Blend Labs, Inc. $BLND

Tudor Investment Corp ET AL increased its position in Blend Labs, Inc. (NYSE:BLND) by 81.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,300,087 shares of the company’s stock after acquiring an additional 581,622 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Blend Labs were worth $4,745,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BLND. Revolve Wealth Partners LLC purchased a new stake in Blend Labs in the 4th quarter worth approximately $132,000. AQR Capital Management LLC lifted its holdings in shares of Blend Labs by 32.2% in the first quarter. AQR Capital Management LLC now owns 883,296 shares of the company’s stock worth $2,959,000 after buying an additional 214,998 shares in the last quarter. Creative Planning lifted its holdings in shares of Blend Labs by 81.4% in the second quarter. Creative Planning now owns 34,036 shares of the company’s stock worth $112,000 after buying an additional 15,276 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Blend Labs by 18.4% during the second quarter. Legal & General Group Plc now owns 241,030 shares of the company’s stock worth $795,000 after acquiring an additional 37,373 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Blend Labs by 587.0% during the second quarter. Prudential Financial Inc. now owns 123,220 shares of the company’s stock worth $407,000 after acquiring an additional 105,285 shares during the last quarter. 52.56% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Blend Labs news, insider Brian Kneafsey sold 25,000 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $3.06, for a total transaction of $76,500.00. Following the completion of the transaction, the insider owned 649,824 shares in the company, valued at $1,988,461.44. This trade represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 35.52% of the stock is owned by company insiders.

Blend Labs Stock Performance

BLND stock opened at $1.68 on Thursday. The firm has a fifty day moving average price of $1.78 and a 200 day moving average price of $2.70. Blend Labs, Inc. has a fifty-two week low of $1.44 and a fifty-two week high of $4.49. The firm has a market cap of $430.66 million, a PE ratio of -16.75 and a beta of 1.22.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BLND shares. UBS Group dropped their target price on shares of Blend Labs from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Wednesday, March 11th. Wells Fargo & Company dropped their target price on shares of Blend Labs from $5.00 to $4.00 and set an “overweight” rating for the company in a research report on Wednesday, March 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Blend Labs in a research report on Wednesday, January 21st. Finally, Citizens Jmp dropped their target price on shares of Blend Labs from $7.00 to $5.00 and set a “market outperform” rating for the company in a research report on Wednesday, March 11th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $4.13.

Blend Labs Profile

Blend Labs, Inc operates as a financial technology company that offers a digital consumer banking platform designed to simplify and automate the lending and account opening processes for banks and credit unions. Its cloud-native software enables financial institutions to deliver a more seamless customer experience by consolidating multiple steps—such as application intake, identity verification, document collection and underwriting—into a unified digital workflow. Blend’s platform is built to integrate with existing core banking systems and third-party data providers, allowing clients to accelerate loan origination and deposit account opening while maintaining compliance and security standards.

The company’s product suite includes solutions for mortgage origination, home equity lending, consumer personal lending and deposit account opening.