Intellectus Partners LLC Has $876,000 Position in Blade Air Mobility, Inc. (NASDAQ:BLDE)

Intellectus Partners LLC boosted its holdings in Blade Air Mobility, Inc. (NASDAQ:BLDE) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 206,050 shares of the company’s stock after acquiring an additional 16,350 shares during the period. Intellectus Partners LLC owned 0.26% of Blade Air Mobility worth $876,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. ARK Investment Management LLC raised its position in shares of Blade Air Mobility by 11.6% in the fourth quarter. ARK Investment Management LLC now owns 8,051,099 shares of the company’s stock valued at $34,217,000 after purchasing an additional 833,848 shares during the period. Geode Capital Management LLC raised its holdings in Blade Air Mobility by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,375,295 shares of the company’s stock valued at $4,044,000 after acquiring an additional 52,274 shares during the period. State Street Corp lifted its position in Blade Air Mobility by 2.5% during the third quarter. State Street Corp now owns 1,280,842 shares of the company’s stock worth $3,766,000 after acquiring an additional 31,313 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Blade Air Mobility by 15.4% during the third quarter. Tidal Investments LLC now owns 655,616 shares of the company’s stock worth $1,928,000 after acquiring an additional 87,496 shares during the period. Finally, GSA Capital Partners LLP grew its position in shares of Blade Air Mobility by 245.6% in the third quarter. GSA Capital Partners LLP now owns 378,240 shares of the company’s stock valued at $1,112,000 after purchasing an additional 268,802 shares during the last quarter. Institutional investors and hedge funds own 47.36% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Lake Street Capital initiated coverage on Blade Air Mobility in a report on Wednesday, February 26th. They set a “buy” rating and a $6.50 price target for the company.

Insiders Place Their Bets

In other news, CFO William A. Heyburn sold 103,670 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $5.02, for a total transaction of $520,423.40. Following the completion of the sale, the chief financial officer now owns 1,223,120 shares of the company’s stock, valued at approximately $6,140,062.40. This represents a 7.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Melissa M. Tomkiel sold 22,486 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $5.01, for a total value of $112,654.86. Following the completion of the sale, the general counsel now directly owns 1,039,140 shares in the company, valued at approximately $5,206,091.40. This represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 165,441 shares of company stock worth $830,289 in the last quarter. Corporate insiders own 17.50% of the company’s stock.

Blade Air Mobility Stock Performance

BLDE stock opened at $3.12 on Friday. Blade Air Mobility, Inc. has a 52 week low of $2.45 and a 52 week high of $5.17. The company has a market capitalization of $244.34 million, a PE ratio of -4.52 and a beta of 1.22. The company’s 50-day simple moving average is $3.87 and its 200 day simple moving average is $3.66.

About Blade Air Mobility

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.