Blend Labs (BLND) News Today

Blend Labs, Inc. (NYSE:BLND - Get Free Report) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 7,070,000 shares, a drop of 6.4% from the May 15th total of 7,550,000 shares. Currently, 4.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,840,000 shares, the days-to-cover ratio is currently 3.8 days.

Blend Labs, Inc. (NYSE:BLND - Get Free Report) insider Amir Jafari bought 6,265 shares of the firm's stock in a transaction that occurred on Thursday, June 13th. The shares were acquired at an average cost of $2.66 per share, for a total transaction of $16,664.90. Following the purchase, the insider now directly owns 494,711 shares in the company, valued at approximately $1,315,931.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

G2 Investment Partners Management LLC bought a new stake in shares of Blend Labs, Inc. (NYSE:BLND - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 375,000 shares of the company's stock, valued at approximately $956,000. G2 Investment Partners

Blend Labs (NYSE:BLND) Stock Price Up 8.5%

Blend Labs (NYSE:BLND) Trading Down 4.9%

Blend Labs, Inc. (NYSE:BLND - Get Free Report) insider Nima Ghamsari sold 81,434 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $2.93, for a total value of $238,601.62. Following the sale, the insider now owns 2,103,516 shares in the company, valued at approximately $6,163,301.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Blend Labs (NYSE:BLND) Trading Down 5.5%

Formation8 GP LLC purchased a new position in Blend Labs, Inc. (NYSE:BLND - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 16,220,511 shares of the company's stock, valued at approximately $41,362,000. B

Blend Labs (NYSE:BLND) Trading 6.3% Higher

Blend Labs (NYSE:BLND) Shares Down 2.8%

Blend Labs (NYSE:BLND) Shares Down 3.5%

Keefe, Bruyette & Woods boosted their price objective on Blend Labs from $2.65 to $3.00 and gave the company a "market perform" rating in a research report on Friday.

Blend Labs (NYSE:BLND) Trading Up 15.7%

Canaccord Genuity Group reiterated a "hold" rating and set a $3.00 target price on shares of Blend Labs in a research note on Wednesday.

Blend Labs (NYSE:BLND) will be releasing earnings after the market closes on Wednesday, May 8, Zacks reports.

Blend Labs (NYSE:BLND) Shares Gap Up to $2.25

Blend Labs (NYSE:BLND) Shares Down 3.2% After Insider Selling

Blend Labs (NYSE:BLND) Shares Gap Up to $2.38

Blend Labs, Inc. (NYSE:BLND - Get Free Report) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 6,750,000 shares, a decline of 6.8% from the March 15th total of 7,240,000 shares. Based on an average daily trading volume, of 1,780,000 shares, the days-to-cover ratio is currently 3.8 days. Currently, 4.3% of the company's shares are sold short.

Blend Labs, Inc. (NYSE:BLND - Get Free Report) insider Amir Jafari acquired 6,265 shares of the stock in a transaction dated Friday, April 12th. The shares were bought at an average price of $2.65 per share, for a total transaction of $16,602.25. Following the transaction, the insider now owns 402,716 shares in the company, valued at approximately $1,067,197.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Blend Labs (NYSE:BLND) Shares Up 4.7%

Blend Labs, Inc. (NYSE:BLND - Get Free Report) insider Nima Ghamsari sold 81,700 shares of the firm's stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $2.99, for a total transaction of $244,283.00. Following the completion of the transaction, the insider now directly owns 34,774 shares in the company, valued at approximately $103,974.26. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Citigroup Inc. raised its holdings in Blend Labs, Inc. (NYSE:BLND - Free Report) by 327,281.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 379,763 shares of the company's stock after buying an additional 379,647 shares duri