Blaize (NASDAQ:BZAI) CFO Harminder Sehmi Sells 123,460 Shares

Blaize Holdings, Inc. (NASDAQ:BZAI) CFO Harminder Sehmi sold 123,460 shares of the company’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $2.28, for a total value of $281,488.80. Following the completion of the transaction, the chief financial officer directly owned 381,600 shares in the company, valued at approximately $870,048. This represents a 24.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Blaize Price Performance

NASDAQ BZAI traded down $0.05 on Wednesday, reaching $2.10. The stock had a trading volume of 4,071,562 shares, compared to its average volume of 6,072,361. The firm has a fifty day moving average of $1.45 and a two-hundred day moving average of $2.29. The company has a market cap of $257.15 million and a P/E ratio of -0.97. Blaize Holdings, Inc. has a 1-year low of $1.00 and a 1-year high of $6.76.

Analysts Set New Price Targets

BZAI has been the subject of a number of research analyst reports. B. Riley Financial lowered their price target on Blaize from $8.00 to $5.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Rosenblatt Securities reiterated a “buy” rating and set a $6.00 price target on shares of Blaize in a research note on Thursday, April 16th. Weiss Ratings restated a “sell (e+)” rating on shares of Blaize in a research note on Friday, March 27th. Wall Street Zen upgraded shares of Blaize from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Zacks Research raised shares of Blaize from a “hold” rating to a “strong-buy” rating in a report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $6.50.

Institutional Trading of Blaize

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BZAI. Legal & General Group Plc purchased a new stake in Blaize in the third quarter worth about $26,000. Resurgent Financial Advisors LLC bought a new position in Blaize during the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd bought a new position in Blaize during the fourth quarter valued at approximately $29,000. Bank of Montreal Can purchased a new stake in Blaize during the fourth quarter valued at approximately $30,000. Finally, Cetera Investment Advisers bought a new position in shares of Blaize in the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 97.12% of the company’s stock.

About Blaize

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.