Blaize Holdings, Inc. (NASDAQ:BZAI) Short Interest Update

Blaize Holdings, Inc. (NASDAQ:BZAI) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 9,177,045 shares, a growth of 15.3% from the March 31st total of 7,960,718 shares. Based on an average daily trading volume, of 6,123,441 shares, the short-interest ratio is presently 1.5 days. Approximately 9.1% of the company’s shares are sold short.

Insider Activity

In related news, CFO Harminder Sehmi sold 123,460 shares of Blaize stock in a transaction on Monday, April 20th. The shares were sold at an average price of $2.28, for a total value of $281,488.80. Following the sale, the chief financial officer owned 381,600 shares in the company, valued at $870,048. The trade was a 24.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Dinakar Munagala sold 50,000 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $2.54, for a total transaction of $127,000.00. Following the transaction, the chief executive officer directly owned 551,422 shares in the company, valued at approximately $1,400,611.88. The trade was a 8.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 223,460 shares of company stock valued at $495,989. Company insiders own 17.40% of the company’s stock.

Institutional Investors Weigh In On Blaize

A number of hedge funds and other institutional investors have recently bought and sold shares of BZAI. Abel Hall LLC bought a new position in shares of Blaize during the first quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Blaize in the 4th quarter worth approximately $29,000. Aristides Capital LLC purchased a new stake in shares of Blaize in the 4th quarter worth approximately $86,000. Virtu Financial LLC increased its position in Blaize by 179.1% during the 4th quarter. Virtu Financial LLC now owns 33,641 shares of the company’s stock valued at $66,000 after buying an additional 21,589 shares in the last quarter. Finally, Millennium Management LLC bought a new position in Blaize during the 4th quarter valued at approximately $1,887,000. Hedge funds and other institutional investors own 97.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BZAI. Rosenblatt Securities reaffirmed a “buy” rating and set a $6.00 target price on shares of Blaize in a research note on Thursday, April 16th. B. Riley Financial decreased their price target on shares of Blaize from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. DA Davidson reaffirmed a “buy” rating and set a $3.00 price objective on shares of Blaize in a research report on Wednesday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Blaize in a report on Friday, March 27th. Finally, Zacks Research lowered Blaize from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Blaize presently has an average rating of “Moderate Buy” and a consensus target price of $5.63.

Blaize Price Performance

NASDAQ:BZAI opened at $1.96 on Friday. The firm’s 50-day moving average price is $1.55 and its 200-day moving average price is $2.18. The company has a market capitalization of $240.59 million and a PE ratio of -0.90. Blaize has a 1-year low of $1.00 and a 1-year high of $6.76.

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.