Harminder Sehmi Sells 40,609 Shares of Blaize (NASDAQ:BZAI) Stock

Blaize Holdings, Inc. (NASDAQ:BZAI) 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 sale, the chief financial officer directly owned 259,773 shares in the company, valued at $355,889.01. This represents a 13.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 1st, Harminder Sehmi sold 40,609 shares of Blaize stock. The stock was sold at an average price of $1.82, for a total value of $73,908.38.
• On Friday, May 1st, Harminder Sehmi sold 40,609 shares of Blaize stock. The stock was sold at an average price of $1.97, for a total value 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 value of $281,488.80.

Blaize Stock Up 2.2%

Shares of Blaize stock traded up $0.03 during trading on Monday, reaching $1.37. The company’s stock had a trading volume of 2,042,273 shares, compared to its average volume of 6,732,668. The business has a 50 day moving average price of $1.63 and a 200-day moving average price of $1.65. Blaize Holdings, Inc. has a 12-month low of $1.00 and a 12-month high of $6.76. The company has a market capitalization of $194.95 million, a P/E ratio of -1.83 and a beta of 0.08.

Blaize (NASDAQ:BZAI) last released its earnings results on Thursday, May 14th. The company reported ($0.19) 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 net margin of 202.65% and a negative return on equity of 551.04%. Research analysts predict that Blaize Holdings, Inc. will post -0.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Blaize

A number of institutional investors and hedge funds have recently bought and sold shares of BZAI. Goldman Sachs Group Inc. purchased a new stake in shares of Blaize in the first quarter valued at $348,000. Geode Capital Management LLC boosted its stake in Blaize by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 655,679 shares of the company’s stock worth $1,955,000 after buying an additional 3,031 shares during the last quarter. XTX Topco Ltd purchased a new stake in Blaize in the 2nd quarter valued at about $189,000. AQR Arbitrage LLC purchased a new stake in Blaize in the 2nd quarter valued at about $298,000. Finally, Rhumbline Advisers acquired a new position in shares of Blaize during the 3rd quarter valued at about $218,000. Hedge funds and other institutional investors own 97.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BZAI. Roth Mkm reissued a “buy” rating and set a $4.50 price objective on shares of Blaize in a report on Friday, May 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Blaize in a research report on Wednesday, June 24th. DA Davidson reissued a “buy” rating and set a $3.00 price target on shares of Blaize in a research note on Wednesday, April 29th. Zacks Research cut Blaize from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Blaize in a research note on Thursday, April 16th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $4.62.

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.