Backblaze (NASDAQ:BLZE) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Posted by Stanley Muller on Oct 29th, 2026

Backblaze, Inc. (NASDAQ:BLZE – Get Free Report) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $9.15 and traded as high as $9.44. Backblaze shares last traded at $9.25, with a volume of 2,307,963 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BLZE shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Backblaze in a report on Wednesday, August 12th. Citigroup reiterated a “market outperform” rating on shares of Backblaze in a research report on Monday, September 14th. Oppenheimer raised their price objective on Backblaze from $15.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. William Blair restated a “market perform” rating on shares of Backblaze in a report on Friday, October 2nd. Finally, B. Riley Financial boosted their target price on Backblaze from $16.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Backblaze currently has a consensus rating of “Moderate Buy” and an average target price of $19.71.

View Our Latest Stock Analysis on BLZE

Backblaze Trading Down 4.1%

The company’s 50-day moving average is $12.80 and its 200 day moving average is $9.17. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.34. The firm has a market cap of $540.39 million, a PE ratio of -25.68 and a beta of 1.56.

Backblaze (NASDAQ:BLZE – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.06. The firm had revenue of $42.71 million for the quarter, compared to analysts’ expectations of $39.94 million. Backblaze had a negative net margin of 13.07% and a negative return on equity of 16.73%. As a group, sell-side analysts predict that Backblaze, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In other news, CEO Gleb Budman sold 12,855 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $15.82, for a total value of $203,366.10. Following the transaction, the chief executive officer directly owned 2,192,103 shares of the company’s stock, valued at approximately $34,679,069.46. This represents a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Marc Suidan sold 2,110 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $15.82, for a total value of $33,380.20. Following the sale, the chief financial officer owned 349,518 shares of the company’s stock, valued at approximately $5,529,374.76. This represents a 0.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 4.20% of the stock is owned by corporate insiders.

Institutional Trading of Backblaze

A number of institutional investors have recently bought and sold shares of BLZE. State of Wyoming acquired a new position in shares of Backblaze during the 3rd quarter worth $75,000. Sterling Capital Management LLC lifted its stake in shares of Backblaze by 842.2% in the 3rd quarter. Sterling Capital Management LLC now owns 1,941 shares of the company’s stock valued at $27,000 after purchasing an additional 1,735 shares during the last quarter. Halter Ferguson Financial Inc. lifted its stake in shares of Backblaze by 176.7% in the 3rd quarter. Halter Ferguson Financial Inc. now owns 1,266,421 shares of the company’s stock valued at $17,717,000 after purchasing an additional 808,668 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Backblaze in the third quarter worth $215,000. Finally, Vanguard Capital Wealth Advisors bought a new stake in Backblaze in the third quarter worth $1,406,000. Institutional investors and hedge funds own 54.03% of the company’s stock.

About Backblaze

(Get Free Report)

Backblaze, Inc provides cloud storage and data backup services for businesses, developers and individual users. The company’s offerings are designed to help customers protect, store, manage and access data without maintaining their own extensive storage infrastructure.

Its primary products include Backblaze Computer Backup, a subscription service that automatically backs up data from computers, and Backblaze B2 Cloud Storage, an object-storage platform used for applications such as backup, archiving, content storage and media workflows.