Blaize (NASDAQ:BZAI) CFO Sells $79,999.73 in Stock

Key Points

• CFO Harminder Sehmi sold 40,609 shares on May 1 under a pre-arranged Rule 10b5-1 plan at an average price of $1.97 for $79,999.73, leaving him with 340,991 shares (a 10.64% reduction).
• Sehmi also sold 123,460 shares on April 20 at an average price of $2.28 for $281,488.80, indicating multiple recent insider sales.
• Blaize (BZAI) trades near $2.31 with a market cap of about $283.6M and a 52-week range of $1.00–$6.76; analysts show a mixed outlook but a consensus rating of “Moderate Buy” with a $5.63 average price target.

Blaize Holdings, Inc. (NASDAQ:BZAI - Get Free Report) CFO Harminder Sehmi sold 40,609 shares of the firm's stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $1.97, for a total value of $79,999.73. Following the transaction, the chief financial officer owned 340,991 shares of the company's stock, valued at $671,752.27. This trade represents a 10.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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, April 20th, Harminder Sehmi sold 123,460 shares of Blaize stock. The stock was sold at an average price of $2.28, for a total value of $281,488.80.

Blaize Price Performance

Shares of Blaize stock traded down $0.02 during midday trading on Tuesday, hitting $2.31. 11,469,430 shares of the company were exchanged, compared to its average volume of 13,216,122. The firm has a 50 day simple moving average of $1.57 and a 200-day simple moving average of $2.12. Blaize Holdings, Inc. has a 52 week low of $1.00 and a 52 week high of $6.76. The firm has a market cap of $283.55 million, a P/E ratio of -1.06 and a beta of 0.08.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BZAI. Rosenblatt Securities reaffirmed a "buy" rating and set a $6.00 price target on shares of Blaize in a report on Thursday, April 16th. B. Riley Financial dropped their price target on Blaize from $8.00 to $5.00 and set a "buy" rating for the company in a report on Wednesday, March 25th. Zacks Research cut Blaize from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 28th. Wall Street Zen cut Blaize from a "hold" rating to a "sell" rating in a report on Saturday, April 25th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Blaize in a report on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Blaize presently has an average rating of "Moderate Buy" and a consensus price target of $5.63.

Institutional Investors Weigh In On Blaize

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Abel Hall LLC acquired a new stake in shares of Blaize in the 1st quarter valued at $32,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Blaize in the 4th quarter valued at $29,000. Aristides Capital LLC acquired a new stake in shares of Blaize in the 4th quarter valued at $86,000. Virtu Financial LLC increased its stake in shares of Blaize by 179.1% in 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 during the period. Finally, Millennium Management LLC acquired a new stake in shares of Blaize in the 4th quarter valued at $1,887,000. 97.12% of the stock is owned by institutional investors and hedge funds.

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.

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