Blaize Holdings, Inc. (NASDAQ:BZAI - Get Free Report) CFO Harminder Sehmi sold 123,460 shares of Blaize stock in a transaction on Monday, April 20th. The shares were sold at an average price of $2.28, for a total value of $281,488.80. Following the completion of the sale, the chief financial officer directly owned 381,600 shares of the company's stock, valued at approximately $870,048. This represents a 24.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Blaize Price Performance
Shares of NASDAQ:BZAI opened at $2.14 on Thursday. The company has a market cap of $262.69 million and a P/E ratio of -0.99. Blaize Holdings, Inc. has a 52 week low of $1.00 and a 52 week high of $6.76. The business has a fifty day simple moving average of $1.46 and a 200-day simple moving average of $2.29.
Institutional Investors Weigh In On Blaize
Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in shares of Blaize by 0.5% in the second quarter. Geode Capital Management LLC now owns 655,679 shares of the company's stock worth $1,955,000 after buying an additional 3,031 shares during the period. Legal & General Group Plc purchased a new stake in shares of Blaize in the third quarter worth about $26,000. Virtu Financial LLC purchased a new stake in shares of Blaize in the third quarter worth about $42,000. ProShare Advisors LLC purchased a new stake in shares of Blaize in the third quarter worth about $43,000. Finally, Voya Investment Management LLC purchased a new stake in shares of Blaize in the third quarter worth about $44,000. Hedge funds and other institutional investors own 97.12% of the company's stock.
Wall Street Analyst Weigh In
BZAI has been the subject of a number of research reports. Zacks Research raised Blaize from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 30th. Rosenblatt Securities reissued a "buy" rating and set a $6.00 price target on shares of Blaize in a research report on Thursday, April 16th. Weiss Ratings reissued a "sell (e+)" rating on shares of Blaize in a research report on Friday, March 27th. B. Riley Financial lowered their price target on Blaize from $8.00 to $5.00 and set a "buy" rating for the company in a research report on Wednesday, March 25th. Finally, Wall Street Zen raised Blaize from a "sell" rating to a "hold" rating in a research report on Saturday, April 11th. One equities 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 company. Based on data from MarketBeat, Blaize has an average rating of "Moderate Buy" and an average target price of $6.50.
View Our Latest Stock Report on Blaize
Blaize Company Profile
(
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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