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

Stifel Financial Corp grew its position in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 18.9% in the third quarter, according to its most recent filing with the SEC. The fund 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 reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Maven Securities LTD purchased a new position in shares of Blade Air Mobility in the 3rd quarter worth $206,000. Cobblestone Capital Advisors LLC NY bought a new stake in Blade Air Mobility during the third quarter worth approximately $35,000. Cerity Partners LLC increased its stake in Blade Air Mobility by 610.0% during the third quarter. Cerity Partners LLC now owns 303,439 shares of the company’s stock worth $892,000 after acquiring an additional 260,699 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Blade Air Mobility by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 170,117 shares of the company’s stock valued at $500,000 after purchasing an additional 10,272 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of Blade Air Mobility in the 3rd quarter valued at approximately $52,000. 47.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their target price on Blade Air Mobility from $5.00 to $6.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th.

Insider Activity at Blade Air Mobility

In other Blade Air Mobility news, CEO Robert S. Wiesenthal sold 2,100,000 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $3.22, for a total value of $6,762,000.00. Following the sale, the chief executive officer now owns 4,812,892 shares in the company, valued at $15,497,512.24. This trade represents a 30.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Melissa M. Tomkiel sold 44,621 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $3.40, for a total transaction of $151,711.40. Following the sale, the general counsel now directly owns 1,173,003 shares of the company’s stock, valued at $3,988,210.20. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,341,584 shares of company stock worth $7,845,126. Insiders own 17.50% of the company’s stock.

Blade Air Mobility Trading Down 0.7 %

Shares of BLDE opened at $4.38 on Tuesday. The company’s fifty day simple moving average is $3.91 and its 200-day simple moving average is $3.47. The company has a market cap of $343.02 million, a P/E ratio of -6.35 and a beta of 1.13. Blade Air Mobility, Inc. has a twelve month low of $2.45 and a twelve month high of $5.17.

About Blade Air Mobility

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.