Blend Labs Inc.’s recently made public that its Head of Blend Ghamsari Nima unloaded Company’s shares for reported $0.15 million on Jul 31. In the deal valued at $1.32 per share,114,504 shares were sold. As a result of this transaction, Ghamsari Nima now holds 0 shares worth roughly $ 0.0.
Top 5 EV Tech Stocks to Buy for 2023
The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".
Click Here to Download the FREE Report.
Sponsored
Then, Ghamsari Nima sold 153,531 shares, generating $147,344 in total proceeds. Upon selling the shares at $0.96, the Head of Blend now owns 0 shares.
Before that, Ghamsari Nima sold 151,316 shares. Blend Labs Inc. shares valued at $144,461 were divested by the Head of Blend at a price of $0.95 per share. As a result of the transaction, Ghamsari Nima now holds 0 shares, worth roughly $0.0.
Keefe Bruyette upgraded its Blend Labs Inc. [BLND] rating to a Mkt perform from a an Underperform in a research note published on Tuesday. PT values the company’s stock at a premium of 48.89 to its Tuesday closing price.
Price Performance Review of BLND
On Tuesday, Blend Labs Inc. [NYSE:BLND] saw its stock jump 0.88% to $1.15. On the same session, the stock had its day’s lowest price of $1.13, but rose to a high of $1.185. Over the last five days, the stock has gained 9.52%. Blend Labs Inc. shares have fallen nearly -20.14% since the year began. Nevertheless, the stocks have fallen -62.30% over the past one year. While a 52-week high of $3.36 was reached on 02/06/23, a 52-week low of $0.53 was recorded on 05/05/23. SMA at 50 days reached $1.1966, while 200 days put it at $1.2345. A total of 0.73 million shares were traded, compared to the trading of 0.47 million shares in the previous session.
Levels Of Support And Resistance For BLND Stock
The 24-hour chart illustrates a support level at 1.1250, which if violated will result in even more drops to 1.1000. On the upside, there is a resistance level at 1.1800. A further resistance level may holdings at 1.2100. The Relative Strength Index (RSI) on the 14-day chart is 46.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0100, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.49%. Stochastics %K at 32.46% indicates the stock is a holding.
How much short interest is there in Blend Labs Inc.?
A steep rise in short interest was recorded in Blend Labs Inc. stocks on Aug 14, 2023, dropping by -0.45 million shares to a total of 9.97 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 10.42 million shares. There was a decline of -4.51%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.46% of the overall stock float, the days-to-cover ratio (short ratio) fell to 9.56.
Blend Labs Inc. [BLND] – Who Are The Largest Shareholders?
In filings from Edgepoint Investment Group, Inc., it is revealed that the company now owns 12,208,096 shares, or roughly 5.23% of the outstanding BLND shares. In other words, the investor’s shares have risen by 4,600,766 from its previous 13-F filing of 7607330.0. Over the last quarter, The Vanguard Group, Inc. sold -731,057 shares of Blend Labs Inc., while Millennium Management LLC sold 3,338,357 shares. At present, J. Goldman & Co. LP is holding 2,853,750 shares valued at $3.77 million. Metavasi Capital LP owned 2,458,570 shares of the company at the time of its most recent 13F filing, worth $3.25 million.
According to FactSet, Blend Labs Inc.’s share price will average $1.49 in the next year, based on opinions of analysts polled by the firm. This is up nearly 31.58 percent from its previous closing price of $1.14. Analysts expect Blend Labs Inc. stock to reach the higher price of $2.00, while the lowest price estimate is $1.00.