Deutsche Bank AG Cuts Stock Position in Blade Air Mobility, Inc. $BLDE

Deutsche Bank AG decreased its holdings in Blade Air Mobility, Inc. (NASDAQ:BLDE) by 18.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,771 shares of the company’s stock after selling 7,005 shares during the quarter. Deutsche Bank AG’s holdings in Blade Air Mobility were worth $84,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Northern Trust Corp lifted its holdings in shares of Blade Air Mobility by 0.7% during the fourth quarter. Northern Trust Corp now owns 475,169 shares of the company’s stock worth $2,019,000 after purchasing an additional 3,532 shares during the period. SBI Securities Co. Ltd. increased its holdings in Blade Air Mobility by 9.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 51,604 shares of the company’s stock worth $141,000 after buying an additional 4,256 shares during the period. ProShare Advisors LLC raised its position in Blade Air Mobility by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 16,341 shares of the company’s stock worth $69,000 after buying an additional 5,377 shares during the last quarter. Deane Retirement Strategies Inc. raised its position in Blade Air Mobility by 2.5% during the 1st quarter. Deane Retirement Strategies Inc. now owns 256,237 shares of the company’s stock worth $700,000 after buying an additional 6,355 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Blade Air Mobility by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 34,058 shares of the company’s stock valued at $145,000 after acquiring an additional 7,418 shares during the period. 47.36% of the stock is currently owned by hedge funds and other institutional investors.

Blade Air Mobility Stock Performance

Shares of BLDE opened at $4.77 on Tuesday. The business’s 50-day moving average is $4.23 and its two-hundred day moving average is $3.55. The company has a market capitalization of $389.28 million, a P/E ratio of -19.85 and a beta of 1.69. Blade Air Mobility, Inc. has a fifty-two week low of $2.35 and a fifty-two week high of $5.17.

Blade Air Mobility (NASDAQ:BLDE) last issued its quarterly earnings data 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 firm had revenue of $70.80 million during the quarter, compared to analyst estimates of $64.09 million. Blade Air Mobility has set its FY 2025 guidance at EPS. Analysts forecast that Blade Air Mobility, Inc. will post -0.35 EPS for the current year.

Insider Buying and Selling

In other Blade Air Mobility news, General Counsel Melissa M. Tomkiel sold 100,000 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $4.08, for a total transaction of $408,000.00. Following the transaction, the general counsel owned 1,151,204 shares in the company, valued at approximately $4,696,912.32. This represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO William A. Heyburn sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $4.07, for a total value of $407,000.00. Following the transaction, the chief financial officer directly owned 1,360,002 shares of the company’s stock, valued at approximately $5,535,208.14. The trade was a 6.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 294,913 shares of company stock worth $1,283,870 in the last quarter. 17.50% of the stock is currently owned by company insiders.

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.