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

Key Points

• Short interest jumped 15.3% in April to 9,177,045 shares as of April 15, representing about 9.1% of the stock sold short and a days-to-cover ratio of 1.5 based on average daily volume.
• Corporate insiders sold a total of 223,460 shares in the past three months (including the CEO and CFO executing sales under Rule 10b5-1 plans), reducing their combined stake to 17.40% of the company.
• The stock carries a consensus analyst rating of “Moderate Buy” with a consensus price target of $5.63, versus the recent market price around $1.96 (52‑week range $1.00–$6.76).

Blaize Holdings, Inc. (NASDAQ:BZAI - Get Free Report) was the recipient of a large growth in short interest during 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. Approximately 9.1% of the shares of the stock are sold short. Based on an average daily volume of 6,123,441 shares, the days-to-cover ratio is currently 1.5 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Blaize in a research note on Friday, March 27th. Zacks Research cut shares of Blaize from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. DA Davidson reissued a "buy" rating and issued a $3.00 price target on shares of Blaize in a research note on Wednesday. B. Riley Financial cut their price target on shares of Blaize from $8.00 to $5.00 and set a "buy" rating for the company in a research report on Wednesday, March 25th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set 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 issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $5.63.

Blaize Stock Performance

NASDAQ:BZAI opened at $1.96 on Friday. Blaize has a fifty-two week low of $1.00 and a fifty-two week high of $6.76. The firm has a market cap of $240.59 million and a PE ratio of -0.90. The business has a 50 day moving average price of $1.55 and a 200-day moving average price of $2.18.

Insider Activity at Blaize

In related news, CEO Dinakar Munagala sold 50,000 shares of the business's stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $2.54, for a total value of $127,000.00. Following the completion of the sale, the chief executive officer owned 551,422 shares in the company, valued at $1,400,611.88. The trade was a 8.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Harminder Sehmi sold 123,460 shares of the company's stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $2.28, for a total value of $281,488.80. Following the completion of the sale, the chief financial officer directly owned 381,600 shares of the company's stock, valued at approximately $870,048. This represents a 24.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 223,460 shares of company stock valued at $495,989. Corporate insiders own 17.40% of the company's stock.

Institutional Investors Weigh In On Blaize

Institutional investors have recently added to or reduced their stakes in the company. AlphaCore Capital LLC raised its stake in shares of Blaize by 79.9% during the fourth quarter. AlphaCore Capital LLC now owns 328,727 shares of the company's stock valued at $641,000 after acquiring an additional 146,000 shares during the last quarter. UBS Group AG grew its stake 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 purchasing an additional 813,121 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Blaize by 1,951.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 29,498 shares of the company's stock valued at $102,000 after purchasing an additional 28,060 shares during the period. RK Capital Management LLC FL bought a new position in Blaize during the 3rd quarter valued at approximately $844,000. Finally, Quantbot Technologies LP bought a new position in Blaize during the 3rd quarter valued at approximately $239,000. Hedge funds and other institutional investors own 97.12% of the company's stock.

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.

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