Temasek Holdings Private Ltd decreased its stake in Blaize Holdings, Inc. (NASDAQ:BZAI – Free Report) by 59.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,594,264 shares of the company’s stock after selling 3,758,759 shares during the period. Temasek Holdings Private Ltd’s holdings in Blaize were worth $4,722,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Blaize by 301.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,587,998 shares of the company’s stock worth $12,379,000 after acquiring an additional 2,695,204 shares in the last quarter. Millennium Management LLC acquired a new position in Blaize in the fourth quarter valued at $1,887,000. UBS Group AG grew its holdings in shares of Blaize by 153.4% during the fourth quarter. UBS Group AG now owns 1,343,035 shares of the company’s stock worth $2,619,000 after purchasing an additional 813,121 shares during the last quarter. Cantor Fitzgerald L. P. purchased a new position in shares of Blaize during the fourth quarter worth about $1,500,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of Blaize during the fourth quarter worth about $759,000. 97.12% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Blaize news, Director Anthony Cannestra sold 50,000 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $1.35, for a total transaction of $67,500.00. Following the completion of the sale, the director directly owned 50,000 shares of the company’s stock, valued at approximately $67,500. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Harminder Sehmi sold 40,609 shares of Blaize stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1.37, for a total value of $55,634.33. Following the completion of the transaction, the chief financial officer owned 259,773 shares in the company, valued at $355,889.01. This trade represents a 13.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 271,827 shares of company stock valued at $453,542 over the last ninety days. 17.40% of the stock is owned by insiders.
Blaize Stock Performance
Blaize (NASDAQ:BZAI – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). The company had revenue of $2.74 million for the quarter. Blaize had a negative return on equity of 551.04% and a negative net margin of 202.65%. As a group, research analysts forecast that Blaize Holdings, Inc. will post -0.66 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on BZAI shares. Rosenblatt Securities restated a “buy” rating and set a $6.00 price target on shares of Blaize in a research note on Thursday, April 16th. B. Riley Financial reduced their price objective on Blaize from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of Blaize in a report on Wednesday, June 24th. Roth Capital restated a “buy” rating and set a $4.50 target price on shares of Blaize in a research report on Friday, May 15th. Finally, Zacks Research lowered 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 given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.62.
View Our Latest Report on BZAI
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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