BlackRock Inc. expanded its position in neobank Dave Inc. by purchasing 741,845 shares on May 31, 2026. The asset manager paid $282.45 per share for the transaction. This purchase brings BlackRock's total holdings in the company to 1,570,442 shares.
The move reflects a broader trend of institutional interest in the financial technology sector. Despite the purchase size, the trade had a 0% impact on BlackRock’s overall portfolio scale.
Since the May 31 transaction, Dave Inc. shares have declined by 8.57%. The stock is currently considered significantly overvalued by some metrics despite having strong growth prospects. Reports of the transaction surfaced on June 6, 2026.