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Haveli Investments, a ten-percent owner and director in Blend Labs, Inc. (NYSE:BLND), has recently purchased shares of the company’s Class A Common Stock for a total of $4.19 million. The purchases occurred in two transactions on November 18 and 19, 2025. Notably, these insider purchases were made at prices between $3.00-$3.05, while BLND currently trades at $2.84, representing a 7% discount from the insider purchase price.
On November 18, Haveli Investments acquired 293,459 shares at prices ranging from $3.04 to $3.05, for a total value of $894,033. On November 19, the firm bought 1,088,738 shares at prices ranging from $3.005 and $3.05, amounting to $3,299,896. InvestingPro data shows Blend Labs holds more cash than debt on its balance sheet, with a healthy current ratio of 2.54, indicating strong liquidity.
Following these transactions, Haveli Investments now holds 9,469,116 shares of Blend Labs, Inc. Class A Common Stock indirectly through Haveli Brooks Aggregator, L.P. Additionally, Brian N. Sheth’s family trust holds 130,000 shares.While Blend Labs is not profitable over the last twelve months, analysts predict the company will be profitable this year, according to InvestingPro data. The company has shown strong revenue growth of 37.61% in the last twelve months. Discover more insights with InvestingPro’s comprehensive research report, available for Blend Labs and 1,400+ other US equities.
In other recent news, Blend Labs Inc. announced its Q3 2025 earnings, reporting a revenue of $32.9 million. This figure slightly surpassed the analysts’ forecast of $32.78 million. Despite the revenue beat, Blend Labs is facing investor concerns due to anticipated market challenges and competitive pressures. The company’s focus on AI-driven product innovation was highlighted during the earnings call. There were no reports of mergers or acquisitions involving Blend Labs in the recent updates. Additionally, there were no analyst upgrades or downgrades reported for Blend Labs at this time. These developments reflect the current landscape for Blend Labs as it navigates the evolving market conditions.
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