Blend Labs’ head of Blend Nima Ghamsari sells $24,470 in stock

Nima Ghamsari, the Head of Blend Labs and a director, sold 25,098 shares of the company's Class A Common Stock on October 12, 2026. The total value of the sale was $24,470, with each share priced at an average of $0.975, ranging between $0.954 and $1.005. After the sale, Ghamsari still owns 7,778,468 shares of Blend Labs Class A Common Stock.

The company's stock is trading at $0.92, close to its 52-week low of $0.89. Despite the recent insider sale, InvestingPro analysis suggests that the stock may be undervalued at this time. Over the past year, the stock has dropped by 73%. However, the company's net income is expected to increase this year, according to InvestingPro Tips.

Ghamsari adhered to a Rule 10b5-1 trading plan when making the sale. The company has more cash than debt on its balance sheet and maintains a current ratio of 1.62. The upcoming earnings report is scheduled for November 11, 2026. Blend Labs reported a 7% revenue increase in the second quarter, surpassing Wall Street's expectations.

The company's revenue reached $33.83 million, up from $33.17 million in the previous year. Additionally, non-GAAP operating income was $7.0 million, exceeding analysts' high-end estimates. However, the company issued cautious guidance due to rising churn notices and a persistently weak mortgage market, leading to investor concerns.

The stock price declined in after-hours trading. These events illustrate the ongoing challenges Blend Labs faces in its current market environment. This report was AI-generated and reviewed by an editor.