Blend Labs (NYSE:BLND) Insider Nima Ghamsari Sells 311,886 Shares

Key Points

• Nima Ghamsari, an insider at Blend Labs, Inc., sold 311,886 shares in a transaction valued at $904,469.40, resulting in a 5.14% decrease in their position.
• Blend Labs reported a loss of ($0.03) EPS for the last quarter, missing the consensus estimate, along with revenues of $31.52 million which also fell short of expectations.
• Analyst ratings for Blend Labs indicate a moderate buy stance, with target prices varying from $3.75 to $7.00, reflecting mixed market sentiments about the company's future performance.

Blend Labs, Inc. (NYSE:BLND - Get Free Report) insider Nima Ghamsari sold 311,886 shares of Blend Labs stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $2.90, for a total value of $904,469.40. Following the transaction, the insider owned 5,754,051 shares of the company's stock, valued at $16,686,747.90. The trade was a 5.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Nima Ghamsari also recently made the following trade(s):

• On Friday, June 13th, Nima Ghamsari sold 75,720 shares of Blend Labs stock. The stock was sold at an average price of $3.30, for a total value of $249,876.00.
• On Thursday, June 12th, Nima Ghamsari sold 44,130 shares of Blend Labs stock. The stock was sold at an average price of $3.52, for a total value of $155,337.60.

Blend Labs Trading Up 5.9%

Shares of NYSE:BLND traded up $0.2050 during trading on Friday, reaching $3.6750. 5,607,128 shares of the stock were exchanged, compared to its average volume of 3,147,042. Blend Labs, Inc. has a 12 month low of $2.63 and a 12 month high of $5.53. The firm has a market cap of $954.25 million, a PE ratio of -24.50 and a beta of 1.24. The stock has a 50-day moving average price of $3.35 and a 200-day moving average price of $3.43.

Blend Labs (NYSE:BLND - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.05). The firm had revenue of $31.52 million during the quarter, compared to the consensus estimate of $31.93 million. Blend Labs has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Blend Labs, Inc. will post -0.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BLND. Captrust Financial Advisors acquired a new position in Blend Labs during the second quarter valued at approximately $35,000. Merit Financial Group LLC acquired a new position in Blend Labs during the first quarter valued at approximately $36,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Blend Labs during the second quarter valued at approximately $37,000. Jump Financial LLC acquired a new position in Blend Labs during the second quarter valued at approximately $38,000. Finally, Quadrature Capital Ltd acquired a new position in Blend Labs during the second quarter valued at approximately $40,000. 52.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BLND shares. UBS Group reduced their price objective on Blend Labs from $4.00 to $3.50 and set a "neutral" rating for the company in a report on Friday, August 8th. Keefe, Bruyette & Woods reduced their price objective on Blend Labs from $4.00 to $3.75 and set a "market perform" rating for the company in a report on Friday, August 8th. The Goldman Sachs Group dropped their price target on shares of Blend Labs from $5.60 to $4.80 and set a "buy" rating for the company in a research report on Monday, May 12th. Canaccord Genuity Group reiterated a "buy" rating and issued a $5.25 price target on shares of Blend Labs in a research report on Friday. Finally, Wall Street Zen upgraded shares of Blend Labs from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Blend Labs presently has a consensus rating of "Moderate Buy" and a consensus target price of $4.88.

Blend Labs Company Profile

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.