Mirabella Financial Services LLP Acquires 1,036,777 Shares of Blend Labs, Inc. $BLND

Mirabella Financial Services LLP increased its stake in shares of Blend Labs, Inc. (NYSE:BLND) by 64.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,643,777 shares of the company’s stock after acquiring an additional 1,036,777 shares during the quarter. Blend Labs comprises about 0.3% of Mirabella Financial Services LLP’s portfolio, making the stock its 23rd largest holding. Mirabella Financial Services LLP’s holdings in Blend Labs were worth $9,650,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Captrust Financial Advisors purchased a new position in Blend Labs in the second quarter worth about $35,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Blend Labs during the 2nd quarter worth about $37,000. Savvy Advisors Inc. purchased a new stake in shares of Blend Labs during the 3rd quarter worth $37,000. Jump Financial LLC bought a new stake in Blend Labs during the second quarter valued at about $38,000. Finally, Quadrature Capital Ltd purchased a new position in Blend Labs in the second quarter valued at about $40,000. 52.56% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Blend Labs news, insider Brian Kneafsey sold 25,000 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $3.06, for a total transaction of $76,500.00. Following the sale, the insider directly owned 649,824 shares in the company, valued at $1,988,461.44. This represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 33,125 shares of company stock worth $93,169. Company insiders own 35.52% of the company’s stock.

Blend Labs Stock Performance

Blend Labs stock opened at $1.47 on Tuesday. Blend Labs, Inc. has a fifty-two week low of $1.45 and a fifty-two week high of $4.49. The firm has a 50 day moving average price of $2.21 and a 200 day moving average price of $2.96. The company has a market capitalization of $380.53 million, a PE ratio of -14.65 and a beta of 1.27.

Analyst Ratings Changes

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

Blend Labs Company 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.