---
title: "Blend Labs (NYSE:BLND) Trading Down 5.4% on Insider Selling"
description: "Blend Labs (NYSE:BLND) shares fell 5.4% amid insider selling, with 20,000 shares sold by insider Winnie Ling at $0.33 each. The stock traded as low as $0.69, with a significant drop in trading volume."
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/214438918.md"
published_at: "2024-09-16T17:05:41.000Z"
---

# Blend Labs (NYSE:BLND) Trading Down 5.4% on Insider Selling

> Blend Labs (NYSE:BLND) shares fell 5.4% amid insider selling, with 20,000 shares sold by insider Winnie Ling at $0.33 each. The stock traded as low as $0.69, with a significant drop in trading volume. Analysts have mixed ratings, with some upgrading the stock to 'buy' and raising price targets. The company reported a quarterly EPS of -$0.06, slightly better than expected, but with a negative net margin of 77.63%. Institutional investors hold over 52% of the stock, indicating significant interest in the company.

Blend Labs, Inc. (NYSE:BLND - Get Free Report) traded down 5.4% during mid-day trading on Monday following insider selling activity. The company traded as low as $3.69 and last traded at $3.70. 897,526 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 2,313,856 shares. The stock had previously closed at $3.91.

Specifically, insider Winnie Ling sold 20,000 shares of Blend Labs stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $3.33, for a total transaction of $66,600.00. Following the transaction, the insider now owns 286,416 shares of the company's stock, valued at approximately $953,765.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

## Wall Street Analysts Forecast Growth

Several analysts have issued reports on BLND shares. William Blair raised shares of Blend Labs from a "market perform" rating to an "outperform" rating in a research report on Friday, August 9th. Keefe, Bruyette & Woods lifted their price objective on shares of Blend Labs from $3.00 to $3.25 and gave the company a "market perform" rating in a research note on Monday, August 12th. Canaccord Genuity Group upgraded Blend Labs from a "hold" rating to a "buy" rating and lifted their price target for the company from $3.00 to $4.75 in a research note on Monday, August 12th. Canaccord Genuity Group raised Blend Labs from a "hold" rating to a "buy" rating and boosted their target price for the stock from $3.00 to $4.75 in a research note on Monday, August 12th. Finally, The Goldman Sachs Group lifted their price target on shares of Blend Labs from $3.00 to $3.40 and gave the company a "buy" rating in a report on Friday, August 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $3.93.

**Get Our Latest Stock Report on BLND**

## Blend Labs Stock Performance

The firm has a 50-day moving average price of $3.26 and a 200-day moving average price of $2.91. The stock has a market cap of $941.37 million, a P/E ratio of -6.74 and a beta of 1.15.

Blend Labs (NYSE:BLND - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.10) by $0.04. The company had revenue of $40.48 million for the quarter, compared to analysts' expectations of $39.50 million. Blend Labs had a negative net margin of 77.63% and a negative return on equity of 595.99%. On average, research analysts predict that Blend Labs, Inc. will post -0.27 earnings per share for the current year.

## Institutional Investors Weigh In On Blend Labs

Several institutional investors have recently made changes to their positions in the company. Formation8 GP LLC acquired a new stake in Blend Labs during the 4th quarter valued at approximately $41,362,000. Vanguard Group Inc. increased its position in Blend Labs by 0.5% during the first quarter. Vanguard Group Inc. now owns 9,249,111 shares of the company's stock worth $30,060,000 after purchasing an additional 46,526 shares during the last quarter. ShawSpring Partners LLC raised its holdings in Blend Labs by 58.7% in the 2nd quarter. ShawSpring Partners LLC now owns 6,716,144 shares of the company's stock valued at $15,850,000 after buying an additional 2,485,283 shares during the period. Acadian Asset Management LLC lifted its stake in Blend Labs by 8.6% during the 2nd quarter. Acadian Asset Management LLC now owns 780,274 shares of the company's stock worth $1,840,000 after acquiring an additional 62,000 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Blend Labs by 3,799.4% in the second quarter. Bank of New York Mellon Corp now owns 654,897 shares of the company's stock valued at $1,546,000 after purchasing an additional 638,102 shares in the last quarter. Institutional investors own 52.56% of the company's stock.

## Blend Labs Company Profile

(Get 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.

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*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

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## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Blend Labs 的收入負責人 Brian Kneafsey 報告了出售普通股的消息 | Blend Labs Inc. 的收入負責人 Brian Kneafsey 報告了該公司 A 類普通股的出售。完整的文件可通過提供的鏈接獲取。此消息由公共技術公司生成，僅供參考，不應視為財務或法律建議。Blend Labs Inc. 對於  | [Link](https://longbridge.com/en/news/273131927.md) |
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| 內部人士買入：British Land（LON:BLND）的一位內部人士收購了 37 股股票 | 英國土地公司（British Land Company PLC，倫敦證券交易所代碼：BLND）內部人士西蒙·卡特（Simon Carter）於 2 月 16 日以平均價格 406 便士購買了 37 股，總計 150.22 英鎊。此前，他在  | [Link](https://longbridge.com/en/news/276157034.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
