Key Points
- CFO Harminder Sehmi sold 40,609 shares on May 1 at an average price of $1.97 under a pre-arranged Rule 10b5-1 plan, reducing his stake by 10.64% to 340,991 shares; he also sold 123,460 shares on April 20.
- Blaize has a market cap of about $283.6M and a one-year range of $1.00–$6.76, with a consensus analyst rating of Moderate Buy and a $5.63 target, while institutional investors own 97.12% of the stock (notably UBS significantly increased its position).
Blaize Holdings, Inc. (NASDAQ:BZAI - Get Free Report) CFO Harminder Sehmi sold 40,609 shares of the company's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $1.97, for a total value of $79,999.73. Following the completion of the transaction, the chief financial officer directly owned 340,991 shares of the company's stock, valued at $671,752.27. This trade represents a 10.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Harminder Sehmi also recently made the following trade(s):
- On Monday, April 20th, Harminder Sehmi sold 123,460 shares of Blaize stock. The stock was sold at an average price of $2.28, for a total value of $281,488.80.
Blaize Stock Performance
NASDAQ BZAI opened at $2.31 on Wednesday. The firm has a market cap of $283.55 million, a PE ratio of -1.06 and a beta of 0.08. Blaize Holdings, Inc. has a one year low of $1.00 and a one year high of $6.76. The firm's fifty day moving average is $1.57 and its two-hundred day moving average is $2.12.
Institutional Trading of Blaize
A number of large investors have recently modified their holdings of the company. UBS Group AG raised its holdings in 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 purchasing an additional 813,121 shares in the last quarter. AlphaCore Capital LLC boosted its position in shares of Blaize by 79.9% in the 4th quarter. AlphaCore Capital LLC now owns 328,727 shares of the company's stock valued at $641,000 after purchasing an additional 146,000 shares during the period. JPMorgan Chase & Co. increased its position in shares of Blaize by 1,951.3% in the third quarter. JPMorgan Chase & Co. now owns 29,498 shares of the company's stock worth $102,000 after acquiring an additional 28,060 shares in the last quarter. Quantbot Technologies LP purchased a new position in Blaize during the 3rd quarter worth approximately $239,000. Finally, RK Capital Management LLC FL purchased a new position in shares of Blaize during the third quarter valued at $844,000. Institutional investors and hedge funds own 97.12% of the company's stock.
Analysts Set New Price Targets
BZAI has been the subject of several research reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $6.00 price objective on shares of Blaize in a report on Thursday, April 16th. Zacks Research lowered shares of Blaize from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 28th. DA Davidson restated a "buy" rating and issued a $3.00 price target on shares of Blaize in a report on Wednesday, April 29th. 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 report on Wednesday, March 25th. Finally, Wall Street Zen downgraded shares of Blaize from a "hold" rating to a "sell" rating in a research report on Saturday, April 25th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.63.
View Our Latest Analysis 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.
Further Reading
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