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

Blaize Holdings, Inc. (NASDAQ:BZAI) CFO Harminder Sehmi sold 40,609 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1.37, for a total transaction of $55,634.33. Following the completion of the sale, the chief financial officer directly owned 259,773 shares of the company’s stock, valued at approximately $355,889.01. The trade was a 13.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 Monday, June 1st, Harminder Sehmi sold 40,609 shares of Blaize stock. The shares were sold at an average price of $1.82, for a total transaction of $73,908.38.
• 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 Stock Down 4.0%

BZAI opened at $1.31 on Tuesday. Blaize Holdings, Inc. has a twelve month low of $1.00 and a twelve month high of $6.76. The company has a 50-day moving average price of $1.63 and a 200 day moving average price of $1.65. The company has a market cap of $187.12 million, a PE ratio of -1.77 and a beta of 0.08.

Blaize (NASDAQ:BZAI) last announced 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 firm had revenue of $2.74 million for the quarter. Blaize had a negative net margin of 202.65% and a negative return on equity of 551.04%. As a group, sell-side analysts expect that Blaize Holdings, Inc. will post -0.66 earnings per share for the current year.

Institutional Trading of Blaize

Several institutional investors and hedge funds have recently made changes to their positions in BZAI. Caerus Investment Advisors LLC acquired a new stake in shares of Blaize in the 1st quarter valued at about $53,000. Bank of America Corp DE boosted its stake in Blaize by 11.4% during the 1st quarter. Bank of America Corp DE now owns 93,844 shares of the company’s stock worth $171,000 after purchasing an additional 9,598 shares during the period. Lazard Asset Management LLC purchased a new position in Blaize during the 1st quarter worth $2,192,000. Themes Management Co LLC acquired a new position in Blaize in the first quarter valued at $1,531,000. Finally, Renaissance Technologies LLC grew its stake in shares of Blaize by 947.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,404,159 shares of the company’s stock valued at $2,556,000 after purchasing an additional 1,270,096 shares during the last quarter. 97.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $6.00 price objective on shares of Blaize in a report on Thursday, April 16th. Zacks Research downgraded shares of Blaize from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. DA Davidson restated a “buy” rating and set a $3.00 price target on shares of Blaize in a research report on Wednesday, April 29th. Wall Street Zen downgraded Blaize from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Finally, B. Riley Financial lowered their target price on 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $4.62.

About Blaize

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.