6 days Ago By ABMN Staff
Pictet Asset Management Holding SA lifted its holdings in shares of Blend Labs, Inc. ( NYSE:BLND – Free Report ) by 31.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The fund owned 28,586 shares of the company’s stock after acquiring an additional 6,763 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Blend Labs were worth $120,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also bought and sold shares of the business.
Norges Bank bought a new stake in shares of Blend Labs during the 4th quarter worth $3,058,000. JPMorgan Chase & Co. increased its holdings in Blend Labs by 45.
0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,486,222 shares of the company’s stock worth $10,467,000 after buying an additional 771,267 shares during the last quarter.
Vanguard Group Inc. raised its position in Blend Labs by 2.4% in the fourth quarter.
Vanguard Group Inc. now owns 16,811,510 shares of the company’s stock worth $70,776,000 after acquiring an additional 388,583 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Blend Labs in the fourth quarter valued at about $198,000.
Finally, Sei Investments Co. grew its position in shares of Blend Labs by 1,174.4% during the 4th quarter.
Sei Investments Co. now owns 150,405 shares of the company’s stock valued at $633,000 after acquiring an additional 138,603 shares during the period. Hedge funds and other institutional investors own 52.
56% of the company’s stock. Blend Labs Price Performance NYSE BLND opened at $3.06 on Friday.
The company’s 50 day simple moving average is $3.52 and its two-hundred day simple moving average is $3.93.
Blend Labs, Inc. has a 1 year low of $2.08 and a 1 year high of $5.
53. The stock has a market capitalization of $793.27 million, a PE ratio of -8.
99 and a beta of 1.29. Analysts Set New Price Targets Read Our Latest Report on Blend Labs Insider Buying and Selling In other Blend Labs news, insider Brian Kneafsey sold 30,000 shares of the company’s stock in a transaction dated Tuesday, January 21st.
The stock was sold at an average price of $3.59, for a total value of $107,700.00.
Following the transaction, the insider now directly owns 806,759 shares in the company, valued at $2,896,264.81. This represents a 3.
59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink . Over the last quarter, insiders have sold 90,000 shares of company stock worth $321,900.
Corporate insiders own 13.21% of the company’s stock. Blend Labs Company Profile ( Free Report ) Blend Labs, Inc engages in the provision of cloud-based software platform solutions for financial services firms in the United States.
It operates in two segments, Blend Platform and Title365. The company's Blend Builder Platform offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts; and offers mortgage products to facilitate the homeownership journey for consumers comprising close, income verification for mortgage, homeowners' insurance, and realty. Read More Want to see what other hedge funds are holding BLND? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Blend Labs, Inc. ( NYSE:BLND – Free Report ). Receive News & Ratings for Blend Labs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blend Labs and related companies with MarketBeat.
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