Blink Charging Co. (NASDAQ:BLNK) Board Member Sells $237,713.70 in Stock

Blink Charging Co. (NASDAQ:BLNKGet Rating) Board Member Mahidhar Reddy sold 10,815 shares of Blink Charging stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $21.98, for a total transaction of $237,713.70. Following the transaction, the insider now directly owns 188,919 shares in the company, valued at approximately $4,152,439.62. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Mahidhar Reddy also recently made the following trade(s):

  • On Thursday, September 15th, Mahidhar Reddy sold 10,815 shares of Blink Charging stock. The shares were sold at an average price of $23.89, for a total transaction of $258,370.35.

Blink Charging Stock Performance

Shares of NASDAQ BLNK traded down $0.24 during trading hours on Wednesday, reaching $19.96. 835,414 shares of the stock traded hands, compared to its average volume of 1,200,346. Blink Charging Co. has a 52-week low of $13.60 and a 52-week high of $49.00. The company’s 50-day simple moving average is $21.31 and its two-hundred day simple moving average is $20.44.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Needham & Company LLC lifted their price objective on shares of Blink Charging from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, June 15th. DA Davidson boosted their price target on Blink Charging to $19.00 in a research note on Monday, August 15th. B. Riley initiated coverage on Blink Charging in a research note on Friday, June 17th. They set a “neutral” rating and a $15.00 target price for the company. Finally, Stifel Nicolaus boosted their target price on Blink Charging from $19.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, August 16th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Blink Charging presently has an average rating of “Hold” and a consensus target price of $29.67.

Institutional Investors Weigh In On Blink Charging

Several hedge funds have recently made changes to their positions in BLNK. Koshinski Asset Management Inc. increased its position in Blink Charging by 32.8% in the first quarter. Koshinski Asset Management Inc. now owns 3,238 shares of the company’s stock worth $86,000 after buying an additional 800 shares in the last quarter. Spire Wealth Management increased its holdings in Blink Charging by 16.1% during the 2nd quarter. Spire Wealth Management now owns 7,144 shares of the company’s stock worth $118,000 after purchasing an additional 992 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of Blink Charging by 83.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,200 shares of the company’s stock valued at $58,000 after acquiring an additional 1,000 shares during the period. Hexagon Capital Partners LLC increased its holdings in shares of Blink Charging by 14,328.6% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,010 shares of the company’s stock valued at $27,000 after acquiring an additional 1,003 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of Blink Charging by 4.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 29,896 shares of the company’s stock worth $494,000 after purchasing an additional 1,205 shares in the last quarter. 36.30% of the stock is currently owned by institutional investors.

Blink Charging Company Profile

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Blink Charging Co, through its subsidiaries, owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States and internationally. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types.

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