IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 23,269 shares of the company’s stock, valued at approximately $81,000.
A number of other institutional investors have also modified their holdings of BLDE. ARK Investment Management LLC grew its stake in shares of Blade Air Mobility by 3.7% during the second quarter. ARK Investment Management LLC now owns 6,443,137 shares of the company’s stock worth $22,422,000 after purchasing an additional 230,216 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Blade Air Mobility by 16.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 187,940 shares of the company’s stock valued at $654,000 after purchasing an additional 26,326 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in Blade Air Mobility during the second quarter worth about $50,000. Raymond James & Associates increased its stake in shares of Blade Air Mobility by 6.0% during the 2nd quarter. Raymond James & Associates now owns 653,887 shares of the company’s stock worth $2,276,000 after purchasing an additional 37,243 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Blade Air Mobility by 10.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,060,282 shares of the company’s stock valued at $14,130,000 after purchasing an additional 381,308 shares in the last quarter. 47.36% of the stock is owned by institutional investors and hedge funds.
Blade Air Mobility Stock Performance
Shares of BLDE traded down $0.02 during trading hours on Friday, hitting $3.13. The stock had a trading volume of 198,121 shares, compared to its average volume of 689,272. The firm has a market cap of $242.09 million, a P/E ratio of -4.63 and a beta of 1.09. Blade Air Mobility, Inc. has a 12-month low of $2.06 and a 12-month high of $4.24. The company’s fifty day simple moving average is $3.26 and its 200 day simple moving average is $3.26.
Insider Activity
In other Blade Air Mobility news, CAO Amir Cohen sold 11,008 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $3.05, for a total transaction of $33,574.40. Following the completion of the transaction, the chief accounting officer now directly owns 84,374 shares of the company’s stock, valued at approximately $257,340.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 17.50% of the company’s stock.
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.
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