Blade Air Mobility, Inc. (NASDAQ:BLDE) General Counsel Melissa M. Tomkiel Sells 47,995 Shares

Key Points

• Melissa M. Tomkiel, General Counsel of Blade Air Mobility, sold 47,995 shares valued at $237,095.30, decreasing her total ownership by 4.01% to 1,148,834 shares.
• Blade Air Mobility reported a quarterly loss of ($0.05) EPS, missing the consensus estimate, despite exceeding revenue expectations with $70.80 million for the quarter.
• Institutional investors, including Deutsche Bank AG and Bank of America Corp DE, have significantly increased their stakes in Blade Air Mobility, indicating growing interest in the company's stock.

Blade Air Mobility, Inc. (NASDAQ:BLDE - Get Free Report) General Counsel Melissa M. Tomkiel sold 47,995 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $4.94, for a total value of $237,095.30. Following the completion of the transaction, the general counsel directly owned 1,148,834 shares of the company's stock, valued at approximately $5,675,239.96. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Blade Air Mobility Trading Up 4.5%

NASDAQ:BLDE traded up $0.17 during midday trading on Friday, hitting $3.94. 972,550 shares of the company traded hands, compared to its average volume of 1,833,254. The firm has a market capitalization of $319.22 million, a P/E ratio of -16.42 and a beta of 1.69. The firm's fifty day moving average is $4.05 and its 200-day moving average is $3.50. Blade Air Mobility, Inc. has a 12-month low of $2.35 and a 12-month high of $5.17.

Blade Air Mobility (NASDAQ:BLDE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The business had revenue of $70.80 million during the quarter, compared to the consensus estimate of $64.09 million. Blade Air Mobility had a negative net margin of 7.46% and a negative return on equity of 8.45%. On average, 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 have recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new stake in Blade Air Mobility in the fourth quarter valued at about $34,000. Walleye Capital LLC acquired a new position in shares of Blade Air Mobility during the first quarter valued at about $36,000. Sunbelt Securities Inc. raised its position in shares of Blade Air Mobility by 66,255.0% in the 4th quarter. Sunbelt Securities Inc. now owns 13,271 shares of the company's stock valued at $58,000 after purchasing an additional 13,251 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Blade Air Mobility in the 4th quarter worth approximately $62,000. Finally, ProShare Advisors LLC boosted its stake in Blade Air Mobility by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 16,341 shares of the company's stock worth $69,000 after purchasing an additional 5,377 shares in the last quarter. 47.36% of the stock is owned by hedge funds and other institutional investors.

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.