Insider Selling: Blend Labs (NYSE:BLND) Insider Sells $76,500.00 in Stock

Blend Labs, Inc. (NYSE:BLND) insider Brian Kneafsey sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $3.06, for a total value of $76,500.00. Following the transaction, the insider owned 649,824 shares of the company’s stock, valued at $1,988,461.44. This trade represents a 3.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Blend Labs Price Performance

Shares of NYSE:BLND opened at $2.91 on Friday. The business’s fifty day moving average price is $3.08 and its two-hundred day moving average price is $3.35. Blend Labs, Inc. has a fifty-two week low of $2.50 and a fifty-two week high of $4.49. The stock has a market capitalization of $755.87 million, a price-to-earnings ratio of -29.10 and a beta of 1.24.

Institutional Trading of Blend Labs

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ShawSpring Partners LLC lifted its position in Blend Labs by 10.4% during the 3rd quarter. ShawSpring Partners LLC now owns 9,840,605 shares of the company’s stock valued at $35,918,000 after purchasing an additional 929,566 shares during the period. Whitebark Investors LP raised its stake in shares of Blend Labs by 14.7% during the third quarter. Whitebark Investors LP now owns 5,566,198 shares of the company’s stock worth $20,317,000 after buying an additional 712,315 shares during the last quarter. Mirabella Financial Services LLP raised its stake in shares of Blend Labs by 64.5% during the third quarter. Mirabella Financial Services LLP now owns 2,643,777 shares of the company’s stock worth $9,650,000 after buying an additional 1,036,777 shares during the last quarter. Marshall Wace LLP lifted its holdings in Blend Labs by 157.6% in the second quarter. Marshall Wace LLP now owns 2,522,141 shares of the company’s stock valued at $8,323,000 after buying an additional 1,543,220 shares during the period. Finally, Prospect Capital Advisors LLC boosted its stake in Blend Labs by 338.2% in the third quarter. Prospect Capital Advisors LLC now owns 1,820,150 shares of the company’s stock valued at $6,644,000 after acquiring an additional 1,404,750 shares during the last quarter. 52.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BLND has been the subject of several analyst reports. UBS Group cut their price target on shares of Blend Labs from $3.50 to $3.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Blend Labs in a research note on Wednesday. Canaccord Genuity Group restated a “buy” rating and set a $5.25 price target on shares of Blend Labs in a research report on Tuesday, October 28th. Finally, Wall Street Zen raised Blend Labs from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $4.80.

Blend Labs Company Profile

Blend Labs, Inc operates as a financial technology company that offers a digital consumer banking platform designed to simplify and automate the lending and account opening processes for banks and credit unions. Its cloud-native software enables financial institutions to deliver a more seamless customer experience by consolidating multiple steps—such as application intake, identity verification, document collection and underwriting—into a unified digital workflow. Blend’s platform is built to integrate with existing core banking systems and third-party data providers, allowing clients to accelerate loan origination and deposit account opening while maintaining compliance and security standards.

The company’s product suite includes solutions for mortgage origination, home equity lending, consumer personal lending and deposit account opening.