Key Points
- Blaize CFO Harminder Sehmi sold 40,609 shares on July 1 at an average price of $1.37, totaling about $55,634. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Sehmi has been actively selling shares in recent months, including similar-sized sales on June 1 and May 1, plus a much larger sale in April. After the latest transaction, he still held 259,773 shares valued at about $355,889.
- Blaize continues to face weak operating results, reporting a wider-than-expected quarterly loss of $0.19 per share on $2.74 million in revenue. Analysts remain mixed, with an average “Moderate Buy” rating and a consensus price target of $4.62 versus the stock’s recent trading price around $1.31.
Blaize Holdings, Inc. (NASDAQ:BZAI - Get Free Report) CFO Harminder Sehmi sold 40,609 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $1.37, for a total transaction of $55,634.33. Following the completion of the transaction, the chief financial officer owned 259,773 shares of the company's stock, valued at $355,889.01. This represents a 13.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Harminder Sehmi also recently made the following trade(s):
- On Monday, June 1st, Harminder Sehmi sold 40,609 shares of Blaize stock. The shares were sold at an average price of $1.82, for a total value of $73,908.38.
- On Friday, May 1st, Harminder Sehmi sold 40,609 shares of Blaize stock. The shares were sold at an average price of $1.97, for a total transaction 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 transaction of $281,488.80.
Blaize Price Performance
Shares of Blaize stock opened at $1.31 on Tuesday. Blaize Holdings, Inc. has a 1 year low of $1.00 and a 1 year high of $6.76. The business has a 50 day moving average price of $1.63 and a 200 day moving average price of $1.65. The company has a market capitalization of $187.12 million, a P/E ratio of -1.77 and a beta of 0.08.
Blaize (NASDAQ:BZAI - Get Free Report) last announced its 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 net margin of 202.65% and a negative return on equity of 551.04%. The company had revenue of $2.74 million for the quarter. As a group, research analysts expect that Blaize Holdings, Inc. will post -0.66 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the stock. B. Riley Financial cut their target price on shares of Blaize from $8.00 to $5.00 and set a "buy" rating for the company in a research note on Wednesday, March 25th. Roth Capital reissued a "buy" rating and set a $4.50 price objective on shares of Blaize in a research note on Friday, May 15th. DA Davidson restated a "buy" rating and issued a $3.00 price target on shares of Blaize in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of Blaize from a "sell" rating to a "strong sell" rating in a research note on Saturday, May 16th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Blaize in a research note on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $4.62.
Check Out Our Latest Stock Analysis on Blaize
Institutional Trading of Blaize
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Legal & General Group Plc acquired a new position in shares of Blaize in the 3rd quarter worth approximately $26,000. Virtu Financial LLC acquired a new position in Blaize in the third quarter valued at approximately $42,000. Resurgent Financial Advisors LLC bought a new position in shares of Blaize during the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Blaize during the fourth quarter valued at approximately $29,000. Finally, Bank of Montreal Can acquired a new stake in shares of Blaize during the 4th quarter worth approximately $30,000. 97.12% of the stock is owned by institutional investors.
Blaize Company Profile
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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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