Blink Charging Co. (NASDAQ:BLNK – Get Rating) CEO Mahidhar Reddy sold 10,815 shares of the firm's stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $21.98, for a total transaction of $237,713.70. Following the transaction, the chief executive officer now directly owns 188,919 shares of the company's stock, valued at approximately $4,152,439.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Mahidhar Reddy also recently made the following trade(s):
Get Blink Charging alerts:- On Thursday, September 15th, Mahidhar Reddy sold 10,815 shares of Blink Charging stock. The shares were sold at an average price of $23.89, for a total transaction of $258,370.35.
Blink Charging Trading Down 1.1 %
Shares of BLNK stock opened at $21.80 on Tuesday. Blink Charging Co. has a 12-month low of $13.60 and a 12-month high of $49.00. The firm's 50 day moving average is $21.26 and its 200 day moving average is $20.44. The stock has a market capitalization of $931.75 million, a P/E ratio of -12.90 and a beta of 3.35.
Institutional Investors Weigh In On Blink Charging
Several institutional investors and hedge funds have recently added to or reduced their stakes in BLNK. Hexagon Capital Partners LLC boosted its holdings in Blink Charging by 14,328.6% in the first quarter. Hexagon Capital Partners LLC now owns 1,010 shares of the company's stock worth $27,000 after purchasing an additional 1,003 shares during the last quarter. Wolff Wiese Magana LLC boosted its holdings in Blink Charging by 5,666.7% in the second quarter. Wolff Wiese Magana LLC now owns 1,730 shares of the company's stock worth $29,000 after purchasing an additional 1,700 shares during the last quarter. San Luis Wealth Advisors LLC purchased a new stake in Blink Charging in the first quarter worth approximately $49,000. Lazard Asset Management LLC purchased a new stake in Blink Charging in the second quarter worth approximately $52,000. Finally, Concourse Financial Group Securities Inc. boosted its holdings in Blink Charging by 753.2% in the first quarter. Concourse Financial Group Securities Inc. now owns 2,005 shares of the company's stock worth $53,000 after purchasing an additional 1,770 shares during the last quarter. Hedge funds and other institutional investors own 36.30% of the company's stock.Analyst Ratings Changes
BLNK has been the subject of a number of analyst reports. B. Riley initiated coverage on shares of Blink Charging in a research note on Friday, June 17th. They set a "neutral" rating and a $15.00 target price for the company. Needham & Company LLC raised their target price on shares of Blink Charging from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Wednesday, June 15th. Stifel Nicolaus raised their price target on shares of Blink Charging from $19.00 to $23.00 and gave the company a "hold" rating in a research report on Tuesday, August 16th. Finally, DA Davidson raised their price target on shares of Blink Charging to $19.00 in a research report on Monday, August 15th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $29.67.
About Blink Charging
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Blink Charging Co, through its subsidiaries, owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States and internationally. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types.
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