Blend Labs, Inc. (NYSE:BLND – Get Free Report) insider Oxana Tkach sold 4,303 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $3.98, for a total transaction of $17,125.94. Following the sale, the insider now directly owns 88,651 shares of the company’s stock, valued at approximately $352,830.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Blend Labs Stock Up 1.0 %
Shares of BLND stock traded up $0.04 on Tuesday, reaching $3.90. The company had a trading volume of 2,037,230 shares, compared to its average volume of 2,361,489. The business’s 50-day moving average is $3.43 and its 200 day moving average is $2.95. The stock has a market capitalization of $984.27 million, a PE ratio of -6.65 and a beta of 1.15. Blend Labs, Inc. has a one year low of $1.10 and a one year high of $4.22.
Blend Labs (NYSE:BLND – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. The business had revenue of $40.48 million during the quarter, compared to analyst estimates 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, sell-side analysts forecast that Blend Labs, Inc. will post -0.27 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in BLND. Dark Forest Capital Management LP bought a new position in Blend Labs in the 2nd quarter valued at approximately $31,000. Xponance Inc. bought a new position in Blend Labs in the 2nd quarter valued at approximately $35,000. Berylson Capital Partners LLC acquired a new stake in Blend Labs during the 4th quarter valued at approximately $52,000. Caxton Associates LP acquired a new stake in Blend Labs during the 1st quarter valued at approximately $60,000. Finally, Victory Capital Management Inc. increased its position in Blend Labs by 24.2% during the 4th quarter. Victory Capital Management Inc. now owns 23,812 shares of the company’s stock valued at $61,000 after purchasing an additional 4,633 shares during the period. 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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