Tudor Investment Corp ET AL Boosts Stake in Blend Labs, Inc. $BLND

Tudor Investment Corp ET AL increased its holdings in shares of Blend Labs, Inc. (NYSE:BLND) by 81.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,300,087 shares of the company’s stock after acquiring an additional 581,622 shares during the period. Tudor Investment Corp ET AL owned approximately 0.50% of Blend Labs worth $4,745,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new position in Blend Labs in the 3rd quarter worth about $32,000. Captrust Financial Advisors acquired a new stake in Blend Labs in the second quarter valued at approximately $35,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Blend Labs in the second quarter valued at approximately $37,000. Savvy Advisors Inc. purchased a new stake in shares of Blend Labs in the third quarter valued at approximately $37,000. Finally, Jump Financial LLC acquired a new position in shares of Blend Labs during the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 52.56% of the company’s stock.

Insider Buying and Selling

In related news, insider Brian Kneafsey sold 25,000 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $3.06, for a total value of $76,500.00. Following the completion of the transaction, the insider directly owned 649,824 shares of the company’s stock, valued at approximately $1,988,461.44. This represents a 3.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 33,125 shares of company stock valued at $93,169. 35.52% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

BLND has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their target price on Blend Labs from $5.00 to $4.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Blend Labs in a report on Wednesday, January 21st. Citizens Jmp reduced their price objective on shares of Blend Labs from $7.00 to $5.00 and set a “market outperform” rating for the company in a research report on Wednesday, March 11th. Finally, UBS Group decreased their price objective on shares of Blend Labs from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $4.13.

Blend Labs Price Performance

Shares of Blend Labs stock opened at $1.76 on Thursday. The stock has a market capitalization of $451.23 million, a P/E ratio of -17.55 and a beta of 1.27. The business has a 50 day simple moving average of $2.00 and a two-hundred day simple moving average of $2.87. Blend Labs, Inc. has a 12 month low of $1.44 and a 12 month high of $4.49.

Blend Labs Profile

Blend Labs, Inc operates as a financial technology company that offers a digital consumer banking platform designed to simplify and automate the lending and account opening processes for banks and credit unions. Its cloud-native software enables financial institutions to deliver a more seamless customer experience by consolidating multiple steps—such as application intake, identity verification, document collection and underwriting—into a unified digital workflow. Blend’s platform is built to integrate with existing core banking systems and third-party data providers, allowing clients to accelerate loan origination and deposit account opening while maintaining compliance and security standards.

The company’s product suite includes solutions for mortgage origination, home equity lending, consumer personal lending and deposit account opening.