Key Points
- Anthony Cannestra, a Blaize director, sold 50,000 shares on April 6 at an average price of $1.75 under a pre-arranged Rule 10b5-1 plan for $87,500, cutting his stake by 50% and disclosing the trade on an SEC Form 4.
- Shares traded up about 6.2% (opening $2.05) with a market cap near $251.6M and a 12‑month range of $1.00–$6.76; the 50‑ and 200‑day moving averages are $1.31 and $2.41, respectively.
- Analyst sentiment is mixed but tilted positive—average rating "Moderate Buy" with an average target of ~$6.50—and institutional ownership is very high at 97.12%, with recent stake increases from firms like UBS and AlphaCore.
Blaize Holdings, Inc. (NASDAQ:BZAI - Get Free Report) Director Anthony Cannestra sold 50,000 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $1.75, for a total value of $87,500.00. Following the transaction, the director directly owned 50,000 shares of the company's stock, valued at approximately $87,500. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Blaize Trading Up 6.2%
Shares of BZAI stock opened at $2.05 on Thursday. The company has a market cap of $251.64 million and a price-to-earnings ratio of -0.94. The stock has a 50 day simple moving average of $1.31 and a 200-day simple moving average of $2.41. Blaize Holdings, Inc. has a 12-month low of $1.00 and a 12-month high of $6.76.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on BZAI. B. Riley Financial dropped their price objective on Blaize from $8.00 to $5.00 and set a "buy" rating for the company in a research note on Wednesday, March 25th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Blaize in a report on Friday, March 27th. Rosenblatt Securities reiterated a "buy" rating and set a $6.00 target price on shares of Blaize in a report on Wednesday, March 25th. Finally, Zacks Research upgraded Blaize from a "hold" rating to a "strong-buy" rating in a report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $6.50.
Get Our Latest Research Report on Blaize
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AlphaCore Capital LLC boosted its stake in Blaize by 79.9% in the fourth quarter. AlphaCore Capital LLC now owns 328,727 shares of the company's stock valued at $641,000 after acquiring an additional 146,000 shares during the period. UBS Group AG boosted its position in shares of Blaize by 153.4% during the fourth quarter. UBS Group AG now owns 1,343,035 shares of the company's stock worth $2,619,000 after buying an additional 813,121 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Blaize by 1,951.3% during the third quarter. JPMorgan Chase & Co. now owns 29,498 shares of the company's stock worth $102,000 after buying an additional 28,060 shares during the period. RK Capital Management LLC FL acquired a new position in shares of Blaize during the third quarter worth approximately $844,000. Finally, Quantbot Technologies LP acquired a new position in shares of Blaize during the third quarter worth approximately $239,000. Institutional investors and hedge funds own 97.12% of the company's stock.
About Blaize
(
Get Free Report)
Blaize (NASDAQ: BZAI) is a fabless semiconductor company that designs and develops hardware and software solutions for artificial intelligence (AI) and machine learning applications at the edge. The company’s core technology is centered on its proprietary Graph Streaming Processor (GSP) architecture, which combines dataflow computing with a highly parallel matrix processing engine to deliver real-time AI inference with low power consumption. Blaize’s platform is aimed at customers seeking to deploy sophisticated AI workloads in environments where power efficiency, latency and form factor are critical.
The company offers a hardware portfolio that includes standalone GSP modules, PCIe cards and M.2 form-factor boards, alongside its Blaize AI software stack.
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