Blend Labs, Inc. (NYSE:BLND) Insider Oxana Tkach Sells 18,324 Shares

Blend Labs, Inc. (NYSE:BLND) insider Oxana Tkach sold 18,324 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $5.18, for a total value of $94,918.32. Following the completion of the transaction, the insider now owns 88,677 shares of the company’s stock, valued at $459,346.86. The trade was a 17.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Oxana Tkach also recently made the following trade(s):

• On Monday, September 23rd, Oxana Tkach sold 4,303 shares of Blend Labs stock. The stock was sold at an average price of $3.98, for a total value of $17,125.94.

Blend Labs Trading Up 0.2 %

BLND stock opened at $5.19 on Friday. The firm’s 50-day moving average price is $4.01 and its two-hundred day moving average price is $3.37. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -15.26 and a beta of 1.16. Blend Labs, Inc. has a 12-month low of $1.21 and a 12-month high of $5.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC boosted its holdings in Blend Labs by 15.8% in the third quarter. FMR LLC now owns 26,148 shares of the company’s stock valued at $98,000 after acquiring an additional 3,576 shares in the last quarter. ClariVest Asset Management LLC lifted its position in shares of Blend Labs by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 252,059 shares of the company’s stock worth $595,000 after purchasing an additional 6,988 shares during the period. Dark Forest Capital Management LP bought a new stake in shares of Blend Labs during the 2nd quarter valued at about $31,000. Xponance Inc. purchased a new position in shares of Blend Labs during the second quarter valued at about $35,000. Finally, EP Wealth Advisors LLC raised its stake in Blend Labs by 8.2% in the second quarter. EP Wealth Advisors LLC now owns 212,841 shares of the company’s stock worth $502,000 after buying an additional 16,084 shares in the last quarter. Institutional investors own 52.56% of the company’s stock.

Analyst Ratings Changes

BLND has been the topic of several research reports. William Blair raised shares of Blend Labs from a “market perform” rating to an “outperform” rating in a research note on Friday, August 9th. Wells Fargo & Company lifted their target price on shares of Blend Labs from $3.50 to $4.50 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods upped their price target on shares of Blend Labs from $3.25 to $3.85 and gave the company a “market perform” rating in a research report on Thursday, November 7th. UBS Group raised their price objective on Blend Labs from $3.00 to $4.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Canaccord Genuity Group raised Blend Labs from a “hold” rating to a “buy” rating and boosted their target price for the company from $3.00 to $4.75 in a research note on Monday, August 12th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $4.46.

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.