On November 12, 2024, Melissa Tomkiel, President and General Counsel of Blade Air Mobility Inc (BLDE, Financial), sold 44,621 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 1,173,003 shares of Blade Air Mobility Inc.
Blade Air Mobility Inc is a company that specializes in urban air mobility, focusing on providing quick, reliable, and comfortable air transportation. The company operates a diversified fleet, offering both short and long-distance air travel solutions to reduce friction in travel.
Over the past year, the insider has sold a total of 166,985 shares and has not made any purchases. This recent sale is part of a broader trend within Blade Air Mobility Inc, where there have been 21 insider sells and only 2 insider buys over the past year.
Shares of Blade Air Mobility Inc were trading at $3.4 on the day of the sale, giving the company a market cap of $285.239 million. According to the GF Value, the intrinsic value estimate for the stock is $6.43, indicating that the stock is significantly undervalued with a price-to-GF-Value ratio of 0.53.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company’s past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale could be of interest to investors tracking insider behaviors and evaluating the valuation metrics of Blade Air Mobility Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
