Brian Kneafsey Sells 25,000 Shares of Blend Labs (NYSE:BLND) Stock

Key Points

• Insider Selling: Blend Labs insider Brian Kneafsey sold 25,000 shares for $71,750 at an average price of $2.87, reducing his ownership by 3.46%.
• Recent Earnings Report: The company reported a loss of $0.03 EPS, missing estimates of $0.02, with revenues of $31.52 million, below expectations of $31.93 million.
• Analyst Ratings: Blend Labs has received mixed ratings from analysts, with price targets ranging from $3.50 to $7.00 and a consensus rating of "Moderate Buy."

Blend Labs, Inc. (NYSE:BLND - Get Free Report) insider Brian Kneafsey sold 25,000 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $2.87, for a total value of $71,750.00. Following the transaction, the insider owned 696,598 shares in the company, valued at $1,999,236.26. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Brian Kneafsey also recently made the following trade(s):

• On Tuesday, July 15th, Brian Kneafsey sold 25,000 shares of Blend Labs stock. The stock was sold at an average price of $3.63, for a total value of $90,750.00.
• On Monday, July 14th, Brian Kneafsey sold 20,000 shares of Blend Labs stock. The stock was sold at an average price of $3.42, for a total value of $68,400.00.
• On Monday, July 7th, Brian Kneafsey sold 20,000 shares of Blend Labs stock. The stock was sold at an average price of $3.46, for a total value of $69,200.00.
• On Monday, June 30th, Brian Kneafsey sold 20,000 shares of Blend Labs stock. The stock was sold at an average price of $3.31, for a total value of $66,200.00.
• On Monday, June 23rd, Brian Kneafsey sold 20,000 shares of Blend Labs stock. The stock was sold at an average price of $3.17, for a total value of $63,400.00.

Blend Labs Trading Up 5.9%

Shares of Blend Labs stock traded up $0.2050 during trading hours on Friday, reaching $3.6750. The stock had a trading volume of 5,607,128 shares, compared to its average volume of 3,352,807. The firm has a 50 day simple moving average of $3.35 and a two-hundred day simple moving average of $3.43. The firm has a market capitalization of $954.25 million, a price-to-earnings ratio of -24.50 and a beta of 1.24. Blend Labs, Inc. has a 1 year low of $2.63 and a 1 year high of $5.53.

Blend Labs (NYSE:BLND - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.03) 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. Sell-side analysts forecast that Blend Labs, Inc. will post -0.19 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Blend Labs

Several hedge funds have recently modified their holdings of BLND. Captrust Financial Advisors purchased a new stake in Blend Labs during the 2nd quarter worth approximately $35,000. Merit Financial Group LLC acquired a new stake in shares of Blend Labs during the first quarter worth approximately $36,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Blend Labs in the second quarter worth $37,000. Jump Financial LLC acquired a new stake in Blend Labs in the second quarter valued at $38,000. Finally, Quadrature Capital Ltd acquired a new stake in Blend Labs in the second quarter valued at $40,000. 52.56% of the stock is currently owned by hedge funds and other institutional investors.

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.