Blend Labs Insider Sells Off Entire Holding in Past Year
Insiders at Blend Labs, Inc. (NYSE:BLND) have been more focused on selling rather than buying shares over the past year. While this isn’t always a deal-breaker in terms of long-term investments, keeping an eye on insider activity can provide some valuable insights.
One notable sale came from Co-Founder Nima Ghamsari, who sold off US$2.0 million worth of shares at around US$2.84 per share. This move signals a desire to cash in, even below the current price per share of US$5.18. Insiders selling below the current price can sometimes raise alarm bells, as it suggests they believe the stock may be overvalued.
It’s worth noting that the largest single sale represented 100% of Nima Ghamsari’s holdings, making it a significant transaction. In fact, Nima Ghamsari was the sole insider to sell shares in the past year.
Insider ownership can provide additional context for investors. Insiders currently hold about 5.7% of Blend Labs shares, valued at approximately US$77 million. While this isn’t the highest level of insider ownership we’ve seen, it does indicate some alignment between insiders and other shareholders.
Looking ahead, it’s important to consider all factors before making an investment decision. Blend Labs does have a couple of warning signs that investors should be aware of. It’s always a good idea to thoroughly research a stock and its risks before jumping in.
As a reminder, insider transactions include only direct interest transactions reported to regulatory bodies, omitting derivative transactions or indirect interests. Remember, this article is for informational purposes only and does not constitute financial advice. Feel free to reach out to us with any feedback or concerns.
