Blend Labs Insider Sells Off Entire Holding in Past Year
Insiders at Blend Labs, Inc. (NYSE:BLND) were busy selling shares over the past year, with more sales than purchases taking place. While insider transactions are not the be-all and end-all of investing decisions, it’s still helpful to keep an eye on what those on the inside are up to. Let’s take a closer look at what’s been going on at Blend Labs.
One of the most significant insider sales in the last 12 months came from Co-Founder Nima Ghamsari, who sold off about US$2.0 million worth of shares at around US$2.84 per share. This sale happened below the current market price of US$5.18, indicating that Ghamsari might have felt the price was reasonable. It’s worth noting that this particular sale represented 100% of Ghamsari’s holdings, making it a substantial move.
In total, insiders hold about 5.7% of Blend Labs shares, valued at around US$77 million. While this isn’t as high as some companies, it still shows a good level of alignment between insiders and other shareholders. It’s always a positive sign when company insiders have a significant stake in the business.
Despite the recent lack of insider activity in the last quarter, our analysis of Blend Labs’ insider transactions has left us a bit cautious. The relatively low level of insider ownership provides some comfort, but it’s essential to consider all factors before making any investment decisions.
Blend Labs may not be the perfect stock to invest in, considering it has a few warning signs to be aware of. If you’re interested in exploring other investment opportunities, don’t miss out on our list of high-quality companies that insiders are buying into.
Remember, our analysis is based on factual data and historical trends, and it’s always a good idea to do your research before making any financial decisions. If you have any feedback or concerns about this article, feel free to reach out to us. Happy investing!
