Blaize (NASDAQ:BZAI) Director Anthony Cannestra Sells 50,000 Shares of Stock

Blaize Holdings, Inc. (NASDAQ:BZAI) Director Anthony Cannestra sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $1.85, for a total value of $92,500.00. Following the completion of the sale, the director directly owned 50,000 shares of the company’s stock, valued at $92,500. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anthony Cannestra also recently made the following trade(s):

• On Monday, April 6th, Anthony Cannestra sold 50,000 shares of Blaize stock. The stock was sold at an average price of $1.75, for a total value of $87,500.00.

Blaize Price Performance

Shares of BZAI stock opened at $1.63 on Wednesday. The company has a market cap of $200.08 million, a P/E ratio of -0.75 and a beta of 0.08. Blaize Holdings, Inc. has a one year low of $1.00 and a one year high of $6.76. The firm has a 50-day moving average of $1.64 and a 200-day moving average of $2.01.

Hedge Funds Weigh In On Blaize

Several institutional investors have recently bought and sold shares of BZAI. Legal & General Group Plc bought a new stake in Blaize in the 3rd quarter worth approximately $26,000. Virtu Financial LLC bought a new stake in shares of Blaize in the 3rd quarter valued at approximately $42,000. ProShare Advisors LLC bought a new stake in shares of Blaize in the 3rd quarter valued at approximately $43,000. Resurgent Financial Advisors LLC bought a new position in shares of Blaize during the 4th quarter valued at approximately $26,000. Finally, Strs Ohio bought a new position in shares of Blaize during the 3rd quarter valued at approximately $46,000. 97.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BZAI. Wall Street Zen lowered Blaize from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. 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 reaffirmed a “buy” rating and issued a $3.00 price target on shares of Blaize in a research note on Wednesday, April 29th. B. Riley Financial cut their target price on Blaize from $8.00 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday, March 25th. Finally, Zacks Research downgraded Blaize from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $5.63.

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.