Key Points
- CEO Dinakar Munagala sold 50,000 shares on April 17 at an average price of $2.54 under a pre-arranged Rule 10b5-1 plan, generating $127,000 and reducing his stake by 8.31% to 551,422 shares (about $1.4M).
- BZAI shares fell 7.9%, opening at $2.32 and trading in a 12‑month range of $1.00–$6.76, with a market capitalization of roughly $284.8M and a negative P/E ratio.
- Analyst views are mixed but skew toward optimism: MarketBeat shows a consensus rating of "Moderate Buy" with a consensus price target of $6.50, while individual ratings range from "sell" to "strong-buy."
Blaize Holdings, Inc. (NASDAQ:BZAI - Get Free Report) CEO Dinakar Munagala sold 50,000 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $2.54, for a total value of $127,000.00. Following the completion of the sale, the chief executive officer directly owned 551,422 shares of the company's stock, valued at $1,400,611.88. The trade was a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Blaize Trading Down 7.9%
BZAI stock opened at $2.32 on Tuesday. Blaize Holdings, Inc. has a twelve month low of $1.00 and a twelve month high of $6.76. The company has a market capitalization of $284.78 million and a P/E ratio of -1.07. The business has a 50 day simple moving average of $1.43 and a 200-day simple moving average of $2.31.
Institutional Investors Weigh In On Blaize
Hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new stake in Blaize in the third quarter valued at about $26,000. Virtu Financial LLC acquired a new stake in Blaize in the third quarter valued at about $42,000. ProShare Advisors LLC acquired a new stake in Blaize in the third quarter valued at $43,000. Voya Investment Management LLC acquired a new stake in Blaize in the third quarter valued at $44,000. Finally, Resurgent Financial Advisors LLC acquired a new stake in Blaize in the fourth quarter valued at $26,000. Institutional investors and hedge funds own 97.12% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $6.00 target price on shares of Blaize in a research note on Thursday, April 16th. Wall Street Zen upgraded shares of Blaize from a "sell" rating to a "hold" rating in a research note on Saturday, April 11th. B. Riley Financial decreased their price target on Blaize from $8.00 to $5.00 and set a "buy" rating for the company in a report on Wednesday, March 25th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Blaize in a report on Friday, March 27th. Finally, Zacks Research raised Blaize from a "hold" rating to a "strong-buy" rating in a report on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $6.50.
View Our Latest Stock Analysis on Blaize
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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