SG Americas Securities LLC Acquires 5,297 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE)

SG Americas Securities LLC increased its position in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 30.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,970 shares of the company’s stock after buying an additional 5,297 shares during the period. SG Americas Securities LLC’s holdings in Blade Air Mobility were worth $98,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. ARK Investment Management LLC boosted its holdings in shares of Blade Air Mobility by 12.0% during the 3rd quarter. ARK Investment Management LLC now owns 7,217,251 shares of the company’s stock worth $21,219,000 after buying an additional 774,114 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Blade Air Mobility by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,375,295 shares of the company’s stock worth $4,044,000 after buying an additional 52,274 shares during the period. State Street Corp boosted its holdings in shares of Blade Air Mobility by 2.5% during the 3rd quarter. State Street Corp now owns 1,280,842 shares of the company’s stock worth $3,766,000 after buying an additional 31,313 shares during the period. Tidal Investments LLC boosted its holdings in shares of Blade Air Mobility by 15.4% during the 3rd quarter. Tidal Investments LLC now owns 655,616 shares of the company’s stock worth $1,928,000 after buying an additional 87,496 shares during the period. Finally, GSA Capital Partners LLP boosted its holdings in shares of Blade Air Mobility by 245.6% during the 3rd quarter. GSA Capital Partners LLP now owns 378,240 shares of the company’s stock worth $1,112,000 after buying an additional 268,802 shares during the period. 47.36% of the stock is owned by institutional investors.

Insider Activity at Blade Air Mobility

In other news, CFO William A. Heyburn sold 39,285 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $5.02, for a total value of $197,210.70. Following the completion of the transaction, the chief financial officer now owns 1,336,826 shares in the company, valued at approximately $6,710,866.52. This represents a 2.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Melissa M. Tomkiel sold 22,135 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $5.02, for a total transaction of $111,117.70. Following the completion of the transaction, the general counsel now owns 1,061,626 shares of the company’s stock, valued at approximately $5,329,362.52. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 300,633 shares of company stock worth $1,451,838 in the last ninety days. 17.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped their price objective on shares of Blade Air Mobility from $5.00 to $6.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th.

Blade Air Mobility Price Performance

NASDAQ:BLDE opened at $3.58 on Thursday. The stock has a market cap of $280.35 million, a P/E ratio of -5.19 and a beta of 1.14. Blade Air Mobility, Inc. has a one year low of $2.45 and a one year high of $5.17. The company has a fifty day moving average price of $4.10 and a 200 day moving average price of $3.61.

Blade Air Mobility 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.