Tudor Investment Corp ET AL Buys 581,622 Shares of Blend Labs, Inc. $BLND

Tudor Investment Corp ET AL lifted its holdings in Blend Labs, Inc. (NYSE:BLND) by 81.0% during the 3rd 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 purchasing an additional 581,622 shares during the period. Tudor Investment Corp ET AL owned about 0.50% of Blend Labs worth $4,745,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BLND. Park West Asset Management LLC bought a new position in shares of Blend Labs in the 3rd quarter worth approximately $6,205,000. Marshall Wace LLP lifted its stake in shares of Blend Labs by 157.6% in the 2nd quarter. Marshall Wace LLP now owns 2,522,141 shares of the company’s stock worth $8,323,000 after purchasing an additional 1,543,220 shares during the period. Prospect Capital Advisors LLC lifted its stake in shares of Blend Labs by 338.2% in the 3rd quarter. Prospect Capital Advisors LLC now owns 1,820,150 shares of the company’s stock worth $6,644,000 after purchasing an additional 1,404,750 shares during the period. Summit Partners Public Asset Management LLC bought a new position in shares of Blend Labs in the 3rd quarter worth approximately $4,490,000. Finally, Mirabella Financial Services LLP lifted its stake in shares of Blend Labs by 64.5% in the 3rd quarter. Mirabella Financial Services LLP now owns 2,643,777 shares of the company’s stock worth $9,650,000 after purchasing an additional 1,036,777 shares during the period. Institutional investors own 52.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BLND shares. UBS Group lowered their price objective on shares of Blend Labs from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Blend Labs in a research note on Wednesday, January 21st. Wells Fargo & Company lowered their price objective on shares of Blend Labs from $5.00 to $4.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 11th. Finally, Citizens Jmp lowered their price objective on shares of Blend Labs from $7.00 to $5.00 and set a “market outperform” rating on the stock in a research note on Wednesday, March 11th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.13.

Insider Transactions at Blend Labs

In related news, insider Brian Kneafsey sold 25,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $3.06, for a total value of $76,500.00. Following the completion of the sale, 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 35.52% of the company’s stock.

Blend Labs Trading Down 2.6%

Blend Labs stock opened at $1.68 on Thursday. The firm has a 50 day moving average of $1.78 and a 200 day moving average of $2.70. The firm has a market capitalization of $430.66 million, a price-to-earnings ratio of -16.75 and a beta of 1.22. Blend Labs, Inc. has a 12-month low of $1.44 and a 12-month high of $4.49.

About Blend Labs

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.