Key Points
- Insider sale: Brian Kneafsey sold 25,000 shares of Blend Labs on Jan. 15 at an average price of $3.06 for about $76,500, reducing his ownership by 3.7% to 649,824 shares (disclosed in an SEC filing).
- Stock and analyst backdrop: BLND trades near $2.89 with a market cap of roughly $752M, a 52‑week range of $2.50–$4.49, and a consensus Hold rating with an average price target of $4.80 amid mixed analyst opinions.
Blend Labs, Inc. (NYSE:BLND - Get Free Report) insider Brian Kneafsey sold 25,000 shares of the company's stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $3.06, for a total value of $76,500.00. Following the completion of the sale, the insider directly owned 649,824 shares of the company's stock, valued at approximately $1,988,461.44. This trade represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Blend Labs Price Performance
Blend Labs stock opened at $2.89 on Wednesday. The firm has a market capitalization of $751.72 million, a price-to-earnings ratio of -28.94 and a beta of 1.24. The company's 50 day simple moving average is $3.09 and its 200 day simple moving average is $3.36. Blend Labs, Inc. has a fifty-two week low of $2.50 and a fifty-two week high of $4.49.
Analysts Set New Price Targets
A number of analysts recently commented on the stock. UBS Group lowered their price objective on shares of Blend Labs from $3.50 to $3.00 and set a "neutral" rating for the company in a research report on Monday, November 10th. Weiss Ratings reissued a "sell (d-)" rating on shares of Blend Labs in a research note on Wednesday, October 8th. Wall Street Zen raised Blend Labs from a "sell" rating to a "hold" rating in a research report on Sunday, November 16th. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a $5.25 price objective on shares of Blend Labs in a report on Tuesday, October 28th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $4.80.
Check Out Our Latest Analysis on Blend Labs
Institutional Trading of Blend Labs
Institutional investors have recently modified their holdings of the company. ShawSpring Partners LLC boosted its position in shares of Blend Labs by 10.4% during the third quarter. ShawSpring Partners LLC now owns 9,840,605 shares of the company's stock worth $35,918,000 after buying an additional 929,566 shares during the period. Whitebark Investors LP lifted its stake in Blend Labs by 14.7% in the 3rd quarter. Whitebark Investors LP now owns 5,566,198 shares of the company's stock valued at $20,317,000 after acquiring an additional 712,315 shares in the last quarter. Mirabella Financial Services LLP boosted its position in Blend Labs by 64.5% during the 3rd quarter. Mirabella Financial Services LLP now owns 2,643,777 shares of the company's stock worth $9,650,000 after acquiring an additional 1,036,777 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Blend Labs by 157.6% during the 2nd quarter. Marshall Wace LLP now owns 2,522,141 shares of the company's stock worth $8,323,000 after acquiring an additional 1,543,220 shares in the last quarter. Finally, Prospect Capital Advisors LLC raised its holdings in shares of 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 purchasing an additional 1,404,750 shares during the last quarter. 52.56% of the stock is currently owned by institutional investors.
Blend Labs Company Profile
(
Get Free Report)
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.
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