Here is a breakdown of major shareholders in Blend Labs Inc (NYSE: BLND)

Blend Labs Inc (NYSE: BLND) is 7.06% higher on its value in year-to-date trading and has touched a low of $0.53 and a high of $2.94 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BLND stock was last observed hovering at around $2.73 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $2.73, the stock is 7.25% and 22.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 0.00% at the moment leaves the stock 94.60% off its SMA200. BLND registered 31.88% gain for a year compared to 6-month gain of 123.77%. The firm has a 50-day simple moving average (SMA 50) of $4.06 and a 200-day simple moving average (SMA200) of -$3.44.

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The stock witnessed a 5.41% loss in the last 1 month and extending the period to 3 months gives it a 84.46%, and is 5.00% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.05% over the week and 7.45% over the month.

Blend Labs Inc (BLND) has around 1546 employees, a market worth around $677.59M and $163.53M in sales. Profit margin for the company is -144.45%. Distance from 52-week low is 416.46% and -7.14% from its 52-week high. The company has generated returns on investments over the last 12 months (-101.19%).

Blend Labs Inc quarterly earnings per share for the current quarter are estimated at -$0.09 with sales reaching $36.93M over the same period.The EPS is expected to grow by 47.09% this year, but quarterly earnings will post -33.30% year-over-year. Quarterly sales are estimated to shrink -13.70% in year-over-year returns.

106 institutions hold shares in Blend Labs Inc (BLND), with institutional investors hold 51.56% of the company’s shares. The shares outstanding are 230.21M, and float is at 176.69M with Short Float at 5.49%. Institutions hold 47.88% of the Float.

The top institutional shareholder in the company is General Atlantic, L.P. with over 19.13 million shares valued at $18.12 million. The investor’s holdings represent 8.11% of the BLND Shares outstanding. As of Jun 29, 2023, the second largest holder is Lightspeed Ultimate General Partner IX, Ltd. with 14.82 million shares valued at $14.04 million to account for 6.28% of the shares outstanding. The other top investors are Edgepoint Investment Group Inc. which holds 12.21 million shares representing 5.18% and valued at over $11.56 million, while Temasek Holdings (Private) Limited holds 5.03% of the shares totaling 11.88 million with a market value of $11.25 million.

Blend Labs Inc (BLND) Insider Activity

A total of 21 insider transactions have happened at Blend Labs Inc (BLND) in the last six months, with sales accounting for 9 and purchases happening 12 times. The most recent transaction is an insider sale by Ghamsari Nima, the company’s Head of Blend. SEC filings show that Ghamsari Nima sold 97,657 shares of the company’s common stock on Jan 24 at a price of $2.52 per share for a total of $0.25 million. Following the sale, the insider now owns 0.0 shares.

Blend Labs Inc disclosed in a document filed with the SEC on Jan 12 that Jafari Amir (Head of Finance and Admin.) bought a total of 7,002 shares of the company’s common stock. The trade occurred on Jan 12 and was made at $2.43 per share for $16981.0. Following the transaction, the insider now directly holds 75559.0 shares of the BLND stock.

Still, SEC filings show that on Dec 22, Ghamsari Nima (Head of Blend) disposed off 111,608 shares at an average price of $2.35 for $0.26 million. The insider now directly holds 0 shares of Blend Labs Inc (BLND).

Blend Labs Inc (BLND): Who are the competitors?

One of the company’s main competitors (and peers) include Microsoft Corp. (MSFT) that is trading 57.40% up over the past 12 months.Alphabet Inc. Cl A (GOOGL) lies in the list of competitors of the Blend Labs Inc and is 54.29% higher over the same period from BLNDAlphabet Inc. Cl C (GOOG) is 55.20% up on the 1-year trading charts.