Strata Critical Medical (NASDAQ:SRTA) Director Sells $29,273.25 in Stock

Strata Critical Medical (NASDAQ:SRTA) Director Reginald Love sold 5,091 shares of Strata Critical Medical stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $5.75, for a total value of $29,273.25. Following the completion of the transaction, the director owned 146,481 shares of the company’s stock, valued at $842,265.75. The trade was a 3.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Strata Critical Medical Stock Performance

Shares of Strata Critical Medical stock opened at $5.90 on Friday. Strata Critical Medical has a one year low of $3.85 and a one year high of $6.50. The firm has a market capitalization of $510.53 million, a P/E ratio of -147.50 and a beta of 2.25. The stock’s 50-day moving average is $5.44.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Strata Critical Medical from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $8.00.

Hedge Funds Weigh In On Strata Critical Medical

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in Strata Critical Medical by 11.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,617,104 shares of the company’s stock valued at $6,759,000 after acquiring an additional 172,154 shares during the period. Principal Financial Group Inc. acquired a new stake in Strata Critical Medical during the 1st quarter worth approximately $537,000. AWM Investment Company Inc. purchased a new position in shares of Strata Critical Medical in the 2nd quarter valued at approximately $14,869,000. Bank of America Corp DE grew its stake in shares of Strata Critical Medical by 16.2% in the 1st quarter. Bank of America Corp DE now owns 181,574 shares of the company’s stock valued at $759,000 after purchasing an additional 25,379 shares during the last quarter. Finally, Allied Private Wealth LLC purchased a new position in shares of Strata Critical Medical in the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 47.36% of the company’s stock.

Strata Critical Medical Company Profile

Blade Air Mobility, Inc provides air transportation alternatives to the congested ground routes in the United States. It provides its services through charter and by-the-seat flights using helicopters, jets, turboprops, and amphibious seaplanes. The company was founded in 2014 and is headquartered in New York, New York.