Blend Labs, Inc. $BLND Stock Holdings Raised by ShawSpring Partners LLC

Key Points

• ShawSpring Partners increased its stake in Blend Labs by 10.4% to 9.84 million shares (about 3.79% of the company), a holding valued at roughly $35.9 million and representing 5.3% of ShawSpring's portfolio.
• Insider Brian Kneafsey sold 25,000 shares at an average price of $3.06 (a 3.7% reduction in his holding); insiders now own about 35.5% of the company and have sold 33,125 shares (~$93k) in the past three months.
• Analysts show a consensus "Hold" rating with a $4.13 average price target amid mixed upgrades and downgrades; Blend missed quarterly EPS (‑$0.03 vs. $0.01 expected) but slightly beat revenue, and the stock trades near $1.60 with a market cap around $414M.

ShawSpring Partners LLC boosted its stake in shares of Blend Labs, Inc. (NYSE:BLND - Free Report) by 10.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,840,605 shares of the company's stock after purchasing an additional 929,566 shares during the quarter. Blend Labs comprises 5.3% of ShawSpring Partners LLC's portfolio, making the stock its 9th largest holding. ShawSpring Partners LLC owned approximately 3.79% of Blend Labs worth $35,918,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Revolve Wealth Partners LLC bought a new position in shares of Blend Labs during the fourth quarter valued at about $132,000. AQR Capital Management LLC grew its position in Blend Labs by 32.2% in the first quarter. AQR Capital Management LLC now owns 883,296 shares of the company's stock worth $2,959,000 after acquiring an additional 214,998 shares during the period. Savant Capital LLC boosted its stake in Blend Labs by 72.2% during the 2nd quarter. Savant Capital LLC now owns 29,694 shares of the company's stock worth $98,000 after purchasing an additional 12,452 shares during the period. Creative Planning lifted its stake in shares of Blend Labs by 81.4% during the second quarter. Creative Planning now owns 34,036 shares of the company's stock valued at $112,000 after buying an additional 15,276 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Blend Labs in the second quarter worth about $37,000. 52.56% of the stock is owned by institutional investors.

Insider Transactions at Blend Labs

In related news, insider Brian Kneafsey sold 25,000 shares of Blend Labs stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $3.06, for a total transaction of $76,500.00. Following the completion of the transaction, the insider directly owned 649,824 shares of the company's stock, valued at $1,988,461.44. This trade represents a 3.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 33,125 shares of company stock worth $93,169 over the last three months. Insiders own 35.52% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on BLND shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Blend Labs in a report on Wednesday, January 21st. UBS Group reduced their price objective on Blend Labs from $3.00 to $2.00 and set a "neutral" rating on the stock in a research note on Wednesday. Citizens Jmp lowered their price objective on Blend Labs from $7.00 to $5.00 and set a "market outperform" rating on the stock in a report on Wednesday. Wells Fargo & Company dropped their target price on Blend Labs from $5.00 to $4.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, Wall Street Zen upgraded Blend Labs from a "sell" rating to a "hold" rating in a research note on Sunday, November 16th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $4.13.

Blend Labs Stock Performance

NYSE BLND opened at $1.60 on Friday. Blend Labs, Inc. has a one year low of $1.57 and a one year high of $4.49. The company has a market capitalization of $414.30 million, a P/E ratio of -15.95 and a beta of 1.27. The stock has a 50 day moving average price of $2.28 and a 200-day moving average price of $3.00.

Blend Labs (NYSE:BLND - Get Free Report) last issued its earnings results on Tuesday, March 10th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.04). The company had revenue of $32.37 million for the quarter, compared to analysts' expectations of $31.78 million. As a group, equities analysts predict that Blend Labs, Inc. will post -0.19 EPS for the current fiscal year.

Blend Labs Profile

Blend Labs, Inc operates as a financial technology company that offers a digital consumer banking platform designed to simplify and automate the lending and account opening processes for banks and credit unions. Its cloud-native software enables financial institutions to deliver a more seamless customer experience by consolidating multiple steps—such as application intake, identity verification, document collection and underwriting—into a unified digital workflow. Blend's platform is built to integrate with existing core banking systems and third-party data providers, allowing clients to accelerate loan origination and deposit account opening while maintaining compliance and security standards.

The company's product suite includes solutions for mortgage origination, home equity lending, consumer personal lending and deposit account opening.

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