Key Points
- Blaize CFO Harminder Sehmi sold 40,609 shares on June 1 at an average price of $1.82, totaling about $73,908. The sale was made under a pre-arranged Rule 10b5-1 plan, and Sehmi’s direct holdings fell by 11.91% to 300,382 shares.
- The company’s stock was trading around $1.79, near its 50-day and 200-day moving averages, and had a market cap of roughly $254.7 million. Shares were also reported to be down 7.3%.
- Blaize recently reported quarterly EPS of ($0.19), missing analyst expectations, while analysts currently have a Moderate Buy consensus with an average price target of $4.63.
Blaize Holdings, Inc. (NASDAQ:BZAI - Get Free Report) CFO Harminder Sehmi sold 40,609 shares of the business's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1.82, for a total value of $73,908.38. Following the completion of the sale, the chief financial officer directly owned 300,382 shares in the company, valued at approximately $546,695.24. This represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a filing 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.
Harminder Sehmi also recently made the following trade(s):
- On Friday, May 1st, Harminder Sehmi sold 40,609 shares of Blaize stock. The stock was sold at an average price of $1.97, for a total value of $79,999.73.
- 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 Down 7.3%
Shares of BZAI opened at $1.79 on Thursday. The business's 50 day moving average price is $1.79 and its 200-day moving average price is $1.78. Blaize Holdings, Inc. has a 52 week low of $1.00 and a 52 week high of $6.76. The stock has a market cap of $254.72 million, a P/E ratio of -2.39 and a beta of 0.05.
Blaize (NASDAQ:BZAI - Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.06). Blaize had a negative return on equity of 551.04% and a negative net margin of 202.65%.The company had revenue of $2.74 million during the quarter. On average, equities analysts anticipate that Blaize Holdings, Inc. will post -0.48 EPS for the current year.
Analysts Set New Price Targets
Several research firms recently issued reports on BZAI. Wall Street Zen cut Blaize from a "sell" rating to a "strong sell" rating in a research report on Saturday, May 16th. DA Davidson reaffirmed a "buy" rating and issued a $3.00 price objective on shares of Blaize in a research report on Wednesday, April 29th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $6.00 price objective on shares of Blaize in a research report on Thursday, April 16th. Roth Mkm reaffirmed a "buy" rating and issued a $4.50 price objective on shares of Blaize in a research report on Friday, May 15th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Blaize in a research report on Friday, March 27th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Blaize has an average rating of "Moderate Buy" and an average price target of $4.63.
View Our Latest Stock Analysis on Blaize
Institutional Investors Weigh In On Blaize
A number of hedge funds have recently added to or reduced their stakes in BZAI. Goldman Sachs Group Inc. purchased a new stake in Blaize during the 1st quarter valued at $348,000. Geode Capital Management LLC raised its stake in Blaize by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 655,679 shares of the company's stock valued at $1,955,000 after buying an additional 3,031 shares during the last quarter. XTX Topco Ltd purchased a new stake in Blaize during the 2nd quarter valued at $189,000. AQR Arbitrage LLC purchased a new stake in Blaize during the 2nd quarter valued at $298,000. Finally, Strs Ohio purchased a new stake in Blaize during the 3rd quarter valued at $46,000. 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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