The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Blend Labs Inc shares valued at $3,281,285 were purchased by Haveli Investments, L.P. on Mar 10 ’25. At $3.09 per share, Haveli Investments, L.P. acquired 1,062,317 shares. The insider’s holdings grew to 3,123,242 shares worth approximately $10.99 million following the completion of this transaction.
Also, Haveli Investments, L.P. purchased 1,416,037 shares, netting a total of over 4,320,754 in proceeds. Following the buying of shares at $3.05 each, the insider now holds 2,060,925 shares.
Before that, Haveli Investments, L.P. had added 587,149 shares to its account. In a trade valued at $1,790,863, the Director bought Blend Labs Inc shares for $3.05 each. Upon closing the transaction, the insider’s holdings increased to 587,149 shares, worth approximately $2.27 million.
As published in their initiating research note from JMP Securities on December 18, 2024, Blend Labs Inc [BLND] has been a Mkt outperform and the price target has been revised to $7. Analysts at Canaccord Genuity upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid August. As of August 09, 2024, William Blair has increased its “Mkt perform” rating to a “an Outperform” for BLND. Earlier on December 20, 2023, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for BLND stock which previously was a “an Equal weight”.
Analyzing BLND Stock Performance
During the last five days, there has been a drop of approximately -0.56%. Over the course of the year, Blend Labs Inc shares have dropped approximately -16.39%. Shares of the company reached a 52-week high of $4.32 on 01/02/25 and a 52-week low of $2.79 on 03/04/25. A 50-day SMA is recorded $3.63, while a 200-day SMA reached $3.68.
Support And Resistance Levels for Blend Labs Inc (BLND)
According to the 24-hour chart, there is a support level at 3.44, which, if violated, would cause prices to drop to 3.36. In the upper region, resistance lies at 3.62. The next price resistance is at 3.72. RSI (Relative Strength Index) is 49.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 57.38%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
