Key Points
- Blaize director Anthony Cannestra sold 50,000 shares on May 11 at an average price of $1.85, totaling $92,500. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Following the transaction, Cannestra’s direct ownership fell to 50,000 shares, a 50% reduction in his position. He had also sold 50,000 shares in an earlier April 6 transaction.
- Analysts remain mixed on BZAI: the stock has a consensus “Moderate Buy” rating with a $5.63 price target, while shares recently traded near $1.63, well below several bullish targets.
Blaize Holdings, Inc. (NASDAQ:BZAI - Get Free Report) Director Anthony Cannestra sold 50,000 shares of the company's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $1.85, for a total value of $92,500.00. Following the transaction, the director directly owned 50,000 shares in the company, valued at approximately $92,500. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Anthony Cannestra also recently made the following trade(s):
- On Monday, April 6th, Anthony Cannestra sold 50,000 shares of Blaize stock. The stock was sold at an average price of $1.75, for a total transaction of $87,500.00.
Blaize Price Performance
Shares of BZAI stock opened at $1.63 on Wednesday. The company has a market capitalization of $200.08 million, a P/E ratio of -0.75 and a beta of 0.08. The company's 50-day simple moving average is $1.64 and its two-hundred day simple moving average is $2.01. Blaize Holdings, Inc. has a one year low of $1.00 and a one year high of $6.76.
Analysts Set New Price Targets
Several research firms have recently commented on BZAI. DA Davidson reissued a "buy" rating and issued a $3.00 price target on shares of Blaize in a research report on Wednesday, April 29th. Rosenblatt Securities reiterated a "buy" rating and issued a $6.00 target price on shares of Blaize in a 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 decreased their target price on shares of 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 lowered shares of Blaize from a "hold" rating to a "sell" rating in a report on Saturday, April 25th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.63.
Read Our Latest Research Report on Blaize
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. ProShare Advisors LLC raised its stake in shares of Blaize by 571.7% during the 4th quarter. ProShare Advisors LLC now owns 84,109 shares of the company's stock worth $164,000 after buying an additional 71,587 shares during the period. Leonteq Securities AG acquired a new stake in shares of Blaize in the fourth quarter worth approximately $39,000. UBS Group AG raised its stake in Blaize by 153.4% in the 4th quarter. UBS Group AG now owns 1,343,035 shares of the company's stock valued at $2,619,000 after purchasing an additional 813,121 shares during the last quarter. AlphaCore Capital LLC grew its holdings in shares of Blaize by 79.9% during the fourth quarter. AlphaCore Capital LLC now owns 328,727 shares of the company's stock worth $641,000 after buying an additional 146,000 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake 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 buying an additional 28,060 shares in the last quarter. 97.12% of the stock is currently owned by hedge funds and other institutional investors.
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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