Insider Selling: Blaize (NASDAQ:BZAI) CEO Sells $127,000.00 in Stock

Blaize Holdings, Inc. (NASDAQ:BZAI) CEO Dinakar Munagala sold 50,000 shares of Blaize stock in a transaction on Friday, April 17th. The shares were sold at an average price of $2.54, for a total value of $127,000.00. Following the transaction, the chief executive officer owned 551,422 shares of the company’s stock, valued at $1,400,611.88. The trade was a 8.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Blaize Price Performance

BZAI stock opened at $2.14 on Thursday. Blaize Holdings, Inc. has a 1-year low of $1.00 and a 1-year high of $6.76. The business has a fifty day moving average price of $1.46 and a 200-day moving average price of $2.29. The stock has a market capitalization of $262.69 million and a P/E ratio of -0.99.

Institutional Trading of Blaize

Large investors have recently modified their holdings of the company. ProShare Advisors LLC grew its holdings in shares of Blaize by 571.7% in the fourth 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 period. BRC Group Holdings Inc. bought a new stake in shares of Blaize in the fourth quarter worth $163,000. Leonteq Securities AG bought a new stake in shares of Blaize in the fourth quarter worth $39,000. UBS Group AG grew its holdings in shares of Blaize by 153.4% in the fourth 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 period. Finally, AlphaCore Capital LLC grew its holdings in shares of Blaize by 79.9% in the fourth quarter. AlphaCore Capital LLC now owns 328,727 shares of the company’s stock worth $641,000 after acquiring an additional 146,000 shares during the period. Institutional investors own 97.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BZAI. Wall Street Zen upgraded Blaize from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. B. Riley Financial decreased their price target on Blaize from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Zacks Research upgraded Blaize from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 30th. Weiss Ratings restated a “sell (e+)” rating on shares of Blaize in a research note on Friday, March 27th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $6.00 price target on shares of Blaize in a research note on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $6.50.

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.