On November 20, 2024, Timothy Mayopoulos, a Director at Blend Labs Inc (BLND, Financial), sold 42,721 shares of the company, according to a SEC Filing. Following this transaction, the insider now owns 387,620 shares of Blend Labs Inc. Blend Labs Inc is a company that provides cloud-based software platform solutions for financial services firms. The company's platform is designed to streamline the customer journey for financial products, including mortgages, consumer loans, and deposit accounts. Over the past year, Timothy Mayopoulos has sold a total of 131,032 shares and has not made any purchases. This recent sale is part of a broader trend within the company, where there have been 18 insider sells compared to 9 insider buys over the past year. On the day of the recent sale, shares of Blend Labs Inc were trading at $5 each, giving the stock a market cap of $1.33 billion. The stock's GF Value is estimated at $1.53, resulting in a price-to-GF-Value ratio of 3.27. This indicates that the stock is significantly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company’s past returns and growth, as well as future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
