Blend Labs, Inc. (NYSE:BLND – Get Free Report) insider Nima Ghamsari sold 25,098 shares of Blend Labs stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $0.97, for a total value of $24,345.06. Following the sale, the insider directly owned 7,778,468 shares of the company’s stock, valued at approximately $7,545,113.96. This represents a 0.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Nima Ghamsari also recently made the following trade(s):
- On Monday, October 5th, Nima Ghamsari sold 24,272 shares of Blend Labs stock. The shares were sold at an average price of $1.02, for a total value of $24,757.44.
- On Monday, September 28th, Nima Ghamsari sold 22,523 shares of Blend Labs stock. The shares were sold at an average price of $1.10, for a total value of $24,775.30.
- On Monday, September 21st, Nima Ghamsari sold 21,009 shares of Blend Labs stock. The shares were sold at an average price of $1.19, for a total value of $25,000.71.
Blend Labs Stock Down 3.2%
Shares of NYSE:BLND traded down $0.03 during trading on Wednesday, hitting $0.92. The stock had a trading volume of 1,755,638 shares, compared to its average volume of 3,148,900. Blend Labs, Inc. has a 12-month low of $0.89 and a 12-month high of $3.62. The stock has a market capitalization of $218.54 million, a price-to-earnings ratio of -10.27 and a beta of 1.08. The stock has a 50-day simple moving average of $1.35 and a two-hundred day simple moving average of $1.55.
Institutional Investors Weigh In On Blend Labs
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on BLND. The Goldman Sachs Group set a $3.00 price target on shares of Blend Labs in a research report on Friday, August 7th. Citizens Jmp reiterated a “market outperform” rating and issued a $4.00 price objective on shares of Blend Labs in a research note on Tuesday, July 21st. Zacks Research raised shares of Blend Labs from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Wells Fargo & Company reduced their target price on shares of Blend Labs from $4.00 to $3.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Finally, Weiss Ratings downgraded shares of Blend Labs from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 25th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Blend Labs has a consensus rating of “Hold” and a consensus price target of $2.82.
Get Our Latest Analysis on Blend Labs
About Blend Labs
Blend Labs, Inc is a financial technology company that provides cloud-based software to banks, credit unions and other financial institutions. Its platform is designed to digitize and streamline the process of applying for, underwriting and closing financial products, helping institutions deliver more consistent experiences across digital and physical channels.
The company’s solutions support a range of lending and banking activities, including consumer deposit accounts, mortgages, home equity loans, personal loans, auto loans and credit cards.
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