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Blend Labs, Inc. EXCHANGE:BLND Head of Revenue Brian Kneafsey sold 25,000 shares of Class A Common Stock on August 15, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The $783 million market cap company, which InvestingPro data shows maintains a healthy balance sheet with more cash than debt and a strong current ratio of 2.4, has seen its stock trade near $3.01. The shares were sold at a weighted average price of $2.8749, for a total value of $71,872.
The prices for the sales ranged from $2.85 to $2.9162. The sale was executed under a Rule 10b5-1 trading plan adopted on March 14, 2025. Following the transaction, Kneafsey directly owns 696,598 shares of Blend Labs, Inc.
In other recent news, Blend Labs, Inc. has announced an expanded partnership with Doma Technology, LLC, integrating Doma’s AI-powered instant title decisioning into Blend’s home lending platform. This collaboration aims to streamline the title and closing process, potentially reducing title insurance costs for borrowers by 40% to 70%. Additionally, Blend Labs has entered into a definitive agreement to sell its Title365 unit to Covius Services, LLC. This acquisition, which is pending regulatory approvals, will enhance Covius’ title insurance services and technology platform integrations.
In personnel news, Blend Labs appointed Reva Rao as Head of Digital Transformation for Credit Unions, bringing over 20 years of experience in the financial services sector to the company. Her expertise is expected to strengthen Blend’s offerings to credit unions. Furthermore, Blend Labs has maintained a Market Outperform rating and a $7.00 price target from Citizens JMP, despite a year-to-date performance decline of 16%. Analysts at Citizens JMP remain confident in the company’s potential following discussions with Blend’s Head of Finance & Administration. These developments highlight Blend Labs’ strategic initiatives and ongoing confidence from analysts.
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