Blaize (NASDAQ:BZAI) CFO Sells $73,908.38 in Stock

Blaize Holdings, Inc. (NASDAQ:BZAI) CFO Harminder Sehmi sold 40,609 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1.82, for a total transaction of $73,908.38. Following the transaction, the chief financial officer owned 300,382 shares in the company, valued at approximately $546,695.24. This represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Harminder Sehmi also recently made the following trade(s):

• On Friday, May 1st, Harminder Sehmi sold 40,609 shares of Blaize stock. The shares were 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 shares were sold at an average price of $2.28, for a total transaction of $281,488.80.

Blaize Trading Down 8.3%

Shares of NASDAQ:BZAI opened at $1.66 on Friday. The stock has a market capitalization of $236.22 million, a PE ratio of -2.21 and a beta of 0.05. Blaize Holdings, Inc. has a 1 year low of $1.00 and a 1 year high of $6.76. The firm has a fifty day moving average price of $1.82 and a 200 day moving average price of $1.77.

Blaize (NASDAQ:BZAI) last issued its quarterly earnings data 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 business had revenue of $2.74 million during the quarter. Blaize had a negative return on equity of 551.04% and a negative net margin of 202.65%. On average, sell-side analysts forecast that Blaize Holdings, Inc. will post -0.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BZAI has been the subject of a number of recent research reports. Roth Mkm reiterated a “buy” rating and issued a $4.50 price objective on shares of Blaize in a report on Friday, May 15th. Zacks Research cut shares of Blaize from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $6.00 price objective on shares of Blaize in a report on Thursday, April 16th. DA Davidson reiterated a “buy” rating and issued a $3.00 price objective on shares of Blaize in a report on Wednesday, April 29th. Finally, B. Riley Financial decreased their price objective on shares of Blaize from $8.00 to $5.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $4.63.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. UBS Group AG lifted its position in Blaize by 153.4% during the 4th quarter. UBS Group AG now owns 1,343,035 shares of the company’s stock worth $2,619,000 after acquiring an additional 813,121 shares during the last quarter. X Square Capital LLC acquired a new position in Blaize during the 4th quarter worth $390,000. ProShare Advisors LLC lifted its position in Blaize by 571.7% during the 4th quarter. ProShare Advisors LLC now owns 84,109 shares of the company’s stock worth $164,000 after acquiring an additional 71,587 shares during the last quarter. BRC Group Holdings Inc. acquired a new position in Blaize during the 4th quarter worth $163,000. Finally, Leonteq Securities AG acquired a new position in Blaize during the 4th quarter worth $39,000. Institutional investors and hedge funds own 97.12% of the company’s stock.

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.