ARK Investment Management LLC Has $22.92 Million Stake in Blade Air Mobility, Inc. (NASDAQ:BLDE)

ARK Investment Management LLC lowered its position in Blade Air Mobility, Inc. (NASDAQ:BLDE) by 4.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,493,785 shares of the company’s stock after selling 299,941 shares during the period. ARK Investment Management LLC owned 0.09% of Blade Air Mobility worth $22,923,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Blade Air Mobility by 8.7% in the 2nd quarter. BlackRock Inc. now owns 3,995,565 shares of the company’s stock worth $15,743,000 after purchasing an additional 321,472 shares during the period. Vanguard Group Inc. lifted its position in shares of Blade Air Mobility by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,817,988 shares of the company’s stock worth $7,299,000 after purchasing an additional 22,090 shares during the period. State Street Corp lifted its position in shares of Blade Air Mobility by 62.7% in the 2nd quarter. State Street Corp now owns 2,038,744 shares of the company’s stock worth $8,033,000 after purchasing an additional 785,343 shares during the period. Northern Right Capital Management L.P. acquired a new position in shares of Blade Air Mobility in the 2nd quarter worth approximately $4,521,000. Finally, Geode Capital Management LLC lifted its position in shares of Blade Air Mobility by 7.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,114,257 shares of the company’s stock worth $4,390,000 after purchasing an additional 81,713 shares during the period. Institutional investors and hedge funds own 47.36% of the company’s stock.

Blade Air Mobility Trading Up 8.3 %

NASDAQ:BLDE opened at $2.86 on Thursday. The company has a fifty day moving average of $3.10 and a 200-day moving average of $2.97. Blade Air Mobility, Inc. has a twelve month low of $2.06 and a twelve month high of $4.54.

Insider Activity

In other news, CEO Robert S. Wiesenthal sold 68,387 shares of Blade Air Mobility stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $2.76, for a total value of $188,748.12. Following the completion of the sale, the chief executive officer now owns 7,241,843 shares in the company, valued at approximately $19,987,486.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, General Counsel Melissa M. Tomkiel sold 26,191 shares of Blade Air Mobility stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $2.76, for a total value of $72,287.16. Following the completion of the sale, the general counsel now owns 1,256,179 shares in the company, valued at approximately $3,467,054.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert S. Wiesenthal sold 68,387 shares of Blade Air Mobility stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $2.76, for a total transaction of $188,748.12. Following the completion of the sale, the chief executive officer now owns 7,241,843 shares of the company’s stock, valued at approximately $19,987,486.68. The disclosure for this sale can be found here. Insiders sold 129,267 shares of company stock worth $352,565 in the last quarter. 17.50% of the stock is owned by corporate insiders.

Blade Air Mobility Company Profile

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.