Blade Air Mobility, Inc. $BLDE Shares Acquired by Boston Partners

Boston Partners grew its holdings in Blade Air Mobility, Inc. (NASDAQ:BLDE - Free Report) by 88.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 387,609 shares of the company's stock after purchasing an additional 181,819 shares during the quarter. Boston Partners owned about 0.49% of Blade Air Mobility worth $1,058,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in Blade Air Mobility in the 4th quarter worth approximately $34,000. Sunbelt Securities Inc. lifted its stake in Blade Air Mobility by 66,255.0% in the 4th quarter. Sunbelt Securities Inc. now owns 13,271 shares of the company's stock worth $58,000 after purchasing an additional 13,251 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in Blade Air Mobility in the 4th quarter worth approximately $62,000. ProShare Advisors LLC lifted 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. Finally, Chapin Davis Inc. purchased a new position in Blade Air Mobility in the 1st quarter worth approximately $55,000. 47.36% of the stock is owned by hedge funds and other institutional investors.

Blade Air Mobility Stock Up 4.2%

BLDE traded up $0.18 during trading on Friday, reaching $4.42. The company's stock had a trading volume of 519,641 shares, compared to its average volume of 1,916,204. The firm has a fifty day simple moving average of $4.13 and a two-hundred day simple moving average of $3.52. Blade Air Mobility, Inc. has a 1 year low of $2.35 and a 1 year high of $5.17. The company has a market cap of $361.11 million, a price-to-earnings ratio of -18.42 and a beta of 1.69.

Blade Air Mobility (NASDAQ:BLDE - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported ($0.05) earnings per share 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 business had revenue of $70.80 million during the quarter, compared to analysts' expectations of $64.09 million. Blade Air Mobility has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Blade Air Mobility, Inc. will post -0.35 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO William A. Heyburn sold 46,918 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $4.94, for a total transaction of $231,774.92. Following the completion of the sale, the chief financial officer owned 1,340,845 shares in the company, valued at $6,623,774.30. This trade represents a 3.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Melissa M. Tomkiel sold 47,995 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $4.94, for a total transaction of $237,095.30. Following the sale, the general counsel owned 1,148,834 shares of the company's stock, valued at $5,675,239.96. This represents a 4.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 294,913 shares of company stock valued at $1,283,870 in the last 90 days. Insiders own 17.50% of the company's stock.

Blade Air Mobility Profile

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.