Backblaze, Inc. (NASDAQ:BLZE) is P.A.W. Capital Corp's 8th Largest Position

P.A.W. Capital Corp lifted its position in shares of Backblaze, Inc. (NASDAQ:BLZE - Free Report) by 25.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 400,000 shares of the company's stock after purchasing an additional 80,000 shares during the period. Backblaze accounts for approximately 4.8% of P.A.W. Capital Corp's portfolio, making the stock its 8th largest position. P.A.W. Capital Corp owned 0.74% of Backblaze worth $1,932,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BLZE. Tower Research Capital LLC TRC boosted its holdings in shares of Backblaze by 300.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,052 shares of the company's stock worth $42,000 after purchasing an additional 5,293 shares during the period. Summit Trail Advisors LLC purchased a new stake in shares of Backblaze during the first quarter worth about $48,000. ProShare Advisors LLC purchased a new stake in shares of Backblaze during the fourth quarter worth about $68,000. Quantbot Technologies LP boosted its holdings in shares of Backblaze by 60.6% during the fourth quarter. Quantbot Technologies LP now owns 11,648 shares of the company's stock worth $70,000 after purchasing an additional 4,393 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Backblaze by 15.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,780 shares of the company's stock worth $89,000 after purchasing an additional 1,992 shares during the period. 54.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JMP Securities assumed coverage on shares of Backblaze in a report on Tuesday, June 24th. They set a "market outperform" rating and a $7.00 target price for the company. Citizens Jmp started coverage on shares of Backblaze in a report on Tuesday, June 24th. They issued a "strong-buy" rating and a $7.00 price objective for the company. Finally, Needham & Company LLC started coverage on shares of Backblaze in a report on Tuesday, March 11th. They issued a "buy" rating and a $8.00 price objective for the company. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $9.88.

Backblaze Stock Up 1.4%

BLZE traded up $0.08 on Friday, hitting $5.50. The company had a trading volume of 257,874 shares, compared to its average volume of 386,690. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 1.09. Backblaze, Inc. has a 52-week low of $3.94 and a 52-week high of $8.08. The stock has a fifty day simple moving average of $5.30 and a 200-day simple moving average of $5.65. The firm has a market capitalization of $301.68 million, a P/E ratio of -5.44 and a beta of 1.14.

Backblaze Profile

Backblaze, Inc, a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases.