Blend Labs head of revenue Kneafsey sells $69,182 in stock

Blend Labs, Inc. NASDAQ:BLND Head of Revenue Brian Kneafsey, sold 20,000 shares of Class A Common Stock on July 7, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $3.4591, for a total value of $69,182. The fintech company, currently valued at $922 million, has shown strong financial health with more cash than debt on its balance sheet, according to InvestingPro data.

The prices for the sale ranged from $3.44 to $3.495 per share. Following the transaction, Kneafsey directly owns 766,598 shares of Blend Labs, Inc.

The sale was executed under a Rule 10b5-1 trading plan adopted on March 14, 2025.

In other recent news, Blend Labs has announced the appointment of Reva Rao as Head of Digital Transformation for Credit Unions. Rao, with over 20 years of experience, is set to strengthen Blend’s offerings for credit unions, enhancing digital experiences and growth strategies. Meanwhile, Blend Labs has maintained its Market Outperform rating with a $7.00 price target from Citizens JMP, despite a 16% decline in stock performance year-to-date. Analysts from Citizens JMP remain confident in Blend Labs’ growth potential following investor meetings with the company’s finance leadership.

Additionally, Keefe, Bruyette & Woods (KBW) has raised Blend Labs’ price target to $4.00 from $3.50, reflecting a positive outlook on the company’s recent performance and future prospects. This upgrade comes as Blend Labs’ non-GAAP operating income exceeded expectations, despite a slight shortfall in second-quarter revenue guidance. The company is also in an exclusive process to sell Title365, aiming to streamline its focus on software solutions.

Furthermore, JMP analysts have reiterated their Market Outperform rating for Blend Labs, projecting a steady increase in revenue from continuing operations over the next few years. Their forecasts suggest significant year-over-year growth, with revenues expected to rise to $213.1 million by 2027. These developments underscore Blend Labs’ ongoing efforts to enhance its financial performance and strategic positioning in the financial services industry.

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