Insider Selling: Strata Critical Medical (NASDAQ:SRTA) Director Sells 5,091 Shares

Strata Critical Medical (NASDAQ:SRTA) Director Reginald Love sold 5,091 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $5.75, for a total transaction of $29,273.25. Following the completion of the sale, the director directly owned 146,481 shares in the company, valued at $842,265.75. This represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Strata Critical Medical Price Performance

SRTA stock traded down $0.06 during mid-day trading on Thursday, hitting $5.97. 688,509 shares of the company were exchanged, compared to its average volume of 983,054. The firm has a market cap of $516.58 million, a P/E ratio of -149.25 and a beta of 2.25. Strata Critical Medical has a twelve month low of $3.85 and a twelve month high of $6.50. The stock’s fifty day moving average is $5.44.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Strata Critical Medical from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $8.00.

Institutional Investors Weigh In On Strata Critical Medical

Institutional investors and hedge funds have recently made changes to their positions in the company. Allied Private Wealth LLC bought a new position in Strata Critical Medical during the second quarter worth $31,000. Granite Investment Partners LLC boosted its holdings in Strata Critical Medical by 77.0% in the first quarter. Granite Investment Partners LLC now owns 18,181 shares of the company’s stock worth $76,000 after purchasing an additional 7,911 shares during the period. Seelaus Asset Management LLC increased its stake in Strata Critical Medical by 32.7% during the first quarter. Seelaus Asset Management LLC now owns 24,350 shares of the company’s stock valued at $102,000 after purchasing an additional 6,000 shares during the last quarter. Principal Financial Group Inc. bought a new stake in Strata Critical Medical during the first quarter valued at $537,000. Finally, Quantinno Capital Management LP raised its holdings in shares of Strata Critical Medical by 98.7% during the first quarter. Quantinno Capital Management LP now owns 143,239 shares of the company’s stock worth $599,000 after purchasing an additional 71,155 shares during the period. 47.36% of the stock is owned by institutional investors and hedge funds.

About Strata Critical Medical

Blade Air Mobility, Inc provides air transportation alternatives to the congested ground routes in the United States. It provides its services through charter and by-the-seat flights using helicopters, jets, turboprops, and amphibious seaplanes. The company was founded in 2014 and is headquartered in New York, New York.