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 Wednesday, July 1st. The stock was sold at an average price of $1.37, for a total transaction of $55,634.33. Following the completion of the sale, the chief financial officer owned 259,773 shares in the company, valued at $355,889.01. The trade was a 13.52% decrease in their ownership of the stock. The transaction 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 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 transaction of $73,908.38.
- 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 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 Stock Performance
NASDAQ BZAI opened at $1.23 on Thursday. The stock has a market capitalization of $175.03 million, a P/E ratio of -1.64 and a beta of 0.08. Blaize Holdings, Inc. has a 1 year low of $1.00 and a 1 year high of $6.76. The business’s fifty day moving average is $1.59 and its two-hundred day moving average is $1.63.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $6.00 price target on shares of Blaize in a research report on Thursday, April 16th. Roth Capital restated a “buy” rating and set a $4.50 price objective on shares of Blaize in a report on Friday, May 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Blaize in a report on Wednesday, June 24th. B. Riley Financial dropped their target price on shares of Blaize from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Finally, Zacks Research downgraded shares of Blaize from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $4.62.
Get Our Latest Stock Report on BZAI
Institutional Trading of Blaize
A number of institutional investors and hedge funds have recently modified their holdings of BZAI. Legal & General Group Plc bought a new stake in Blaize during the 3rd quarter valued at approximately $26,000. Resurgent Financial Advisors LLC acquired a new stake in Blaize in the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in Blaize in the 4th quarter worth $29,000. Bank of Montreal Can bought a new position in shares of Blaize during the 4th quarter worth about $30,000. Finally, Abel Hall LLC bought a new position in shares of Blaize during the 1st quarter worth about $32,000. 97.12% of the stock is currently owned by institutional investors and hedge funds.
Blaize Company Profile
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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