Backblaze, Inc. (NASDAQ:BLZE – Get Free Report) CEO Gleb Budman sold 3,599 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $6.34, for a total value of $22,817.66. Following the completion of the transaction, the chief executive officer now directly owns 1,882,976 shares in the company, valued at $11,938,067.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Gleb Budman also recently made the following trade(s):
- On Friday, August 23rd, Gleb Budman sold 4,527 shares of Backblaze stock. The stock was sold at an average price of $6.45, for a total transaction of $29,199.15.
Backblaze Price Performance
NASDAQ:BLZE traded up $0.42 during midday trading on Friday, hitting $6.59. 835,527 shares of the stock were exchanged, compared to its average volume of 383,315. The business has a 50-day moving average price of $6.17 and a two-hundred day moving average price of $8.04. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $273.49 million, a price-to-earnings ratio of -4.64 and a beta of 1.03. Backblaze, Inc. has a one year low of $4.64 and a one year high of $12.65.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on BLZE. Craig Hallum boosted their price objective on Backblaze from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Oppenheimer lowered their target price on Backblaze from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $12.60.
View Our Latest Research Report on Backblaze
Institutional Investors Weigh In On Backblaze
Several hedge funds have recently modified their holdings of BLZE. AJOVista LLC purchased a new position in shares of Backblaze in the fourth quarter worth approximately $67,000. Dynamic Technology Lab Private Ltd acquired a new position in Backblaze in the 4th quarter worth approximately $76,000. The Manufacturers Life Insurance Company purchased a new position in Backblaze during the 2nd quarter worth approximately $102,000. SG Americas Securities LLC boosted its position in shares of Backblaze by 84.1% in the second quarter. SG Americas Securities LLC now owns 21,283 shares of the company’s stock worth $131,000 after buying an additional 9,720 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Backblaze during the first quarter valued at $154,000. 54.03% of the stock is owned by hedge funds and other institutional investors.
About Backblaze
Backblaze, Inc, a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases.
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