William A. Heyburn Sells 46,918 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) Stock

Key Points

• Blade Air Mobility's CFO, William A. Heyburn, sold 46,918 shares of stock for approximately $231,775, resulting in a 3.38% decrease in his holdings.
• The company's stock fell 6.1% to $4.16, with a trading volume significantly higher than its average, indicating increased market activity.
• Blade reported a loss of $0.05 EPS for the last quarter, missing expectations, despite generating revenue of $70.8 million, surpassing analyst predictions.

Blade Air Mobility, Inc. (NASDAQ:BLDE - Get Free Report) CFO William A. Heyburn sold 46,918 shares of Blade Air Mobility stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $4.94, for a total value of $231,774.92. Following the transaction, the chief financial officer owned 1,340,845 shares of the company's stock, valued at approximately $6,623,774.30. This represents a 3.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Blade Air Mobility Stock Up 4.5%

Shares of NASDAQ BLDE traded up $0.17 during midday trading on Friday, reaching $3.94. 972,550 shares of the stock were exchanged, compared to its average volume of 1,833,254. The firm has a market cap of $319.22 million, a price-to-earnings ratio of -16.42 and a beta of 1.69. The firm has a 50-day simple moving average of $4.05 and a two-hundred day simple moving average of $3.50. Blade Air Mobility, Inc. has a twelve month low of $2.35 and a twelve month high of $5.17.

Blade Air Mobility (NASDAQ:BLDE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01). Blade Air Mobility had a negative return on equity of 8.45% and a negative net margin of 7.46%. The firm had revenue of $70.80 million for the quarter, compared to analysts' expectations of $64.09 million. Research analysts expect that Blade Air Mobility, Inc. will post -0.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Blade Air Mobility

Institutional investors and hedge funds have recently bought and sold shares of the business. Deutsche Bank AG raised its holdings in shares of Blade Air Mobility by 57.1% during the 4th quarter. Deutsche Bank AG now owns 37,776 shares of the company's stock worth $161,000 after acquiring an additional 13,724 shares during the period. Bank of America Corp DE increased its position in Blade Air Mobility by 39.5% during the fourth quarter. Bank of America Corp DE now owns 55,974 shares of the company's stock worth $238,000 after purchasing an additional 15,857 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in Blade Air Mobility during the fourth quarter worth about $62,000. Raymond James Financial Inc. acquired a new position in Blade Air Mobility in the 4th quarter valued at about $833,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Blade Air Mobility in the 4th quarter valued at approximately $34,000. 47.36% of the stock is currently owned by institutional investors and hedge funds.

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.