BlackRock Inc. purchased a new stake in shares of Blaize Holdings, Inc. (NASDAQ:BZAI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,387,308 shares of the company's stock, valued at approximately $10,194,000. BlackRock Inc. owned approximately 5.19% of Blaize as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in BZAI. Geode Capital Management LLC raised its stake in shares of Blaize by 0.5% in the second quarter. Geode Capital Management LLC now owns 655,679 shares of the company's stock worth $1,955,000 after purchasing an additional 3,031 shares during the last quarter. Legal & General Group Plc purchased a new stake in shares of Blaize during the third quarter valued at $26,000. Bank of America Corp DE increased its holdings in Blaize by 11.4% in the 1st quarter. Bank of America Corp DE now owns 93,844 shares of the company's stock worth $171,000 after buying an additional 9,598 shares in the last quarter. Virtu Financial LLC bought a new stake in Blaize in the 3rd quarter worth about $42,000. Finally, Resurgent Financial Advisors LLC purchased a new position in Blaize in the 4th quarter worth about $26,000. 97.12% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
BZAI has been the topic of a number of recent analyst reports. DA Davidson reaffirmed a "neutral" rating and set a $1.00 price target (down from $3.00) on shares of Blaize in a report on Friday, August 14th. B. Riley Financial lowered their price objective on shares of Blaize from $4.00 to $2.00 and set a "buy" rating on the stock in a research report on Friday, August 14th. Roth Capital reiterated a "buy" rating and set a $4.50 price objective on shares of Blaize in a research report on Friday, May 15th. Wall Street Zen downgraded Blaize from a "sell" rating to a "strong sell" rating in a report on Saturday, May 16th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Blaize in a research report on Wednesday, June 24th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $3.38.
Read Our Latest Stock Report on Blaize
Blaize Price Performance
Shares of NASDAQ BZAI opened at $0.46 on Friday. Blaize Holdings, Inc. has a 1 year low of $0.42 and a 1 year high of $6.76. The firm has a 50-day simple moving average of $0.90 and a two-hundred day simple moving average of $1.33. The company has a market cap of $66.67 million, a P/E ratio of -0.68 and a beta of 0.08.
Blaize (NASDAQ:BZAI - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.01). Blaize had a negative net margin of 160.85% and a negative return on equity of 306.51%. The business had revenue of $11.99 million for the quarter. As a group, equities research analysts expect that Blaize Holdings, Inc. will post -0.76 EPS for the current year.
Trending Headlines about Blaize
Here are the key news stories impacting Blaize this week:
- Neutral Sentiment: Several firms, including Rosen, Kaplan Fox, Bronstein Gewirtz & Grossman, SBS, Faruqi & Faruqi and Pomerantz, are soliciting investors who purchased Blaize securities between July 18, 2025, and April 28, 2026. The notices concern a federal securities class action and do not establish that Blaize or its officers are liable. Bronstein Gewirtz & Grossman class-action announcement
- Negative Sentiment: Rosen Law Firm reiterated that October 5, 2026, is the deadline for investors to seek appointment as lead plaintiff. The repeated notices increase visibility around the litigation and may reinforce concerns about potential financial and management distractions for Blaize. Rosen Law Firm Blaize deadline announcement
- Negative Sentiment: The legal news compounds Blaize’s existing financial-risk profile: the company recently reported a quarterly loss of $0.21 per share, revenue of $11.99 million and a deeply negative net margin. Shares are trading well below their 50-day and 200-day moving averages and close to their one-year low, leaving the stock particularly sensitive to adverse headlines.
Insider Transactions at Blaize
In other news, CFO Harminder Sehmi sold 40,609 shares of the business's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $1.37, for a total value of $55,634.33. Following the completion of the sale, the chief financial officer owned 259,773 shares in the company, valued at approximately $355,889.01. The trade was a 13.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Cannestra sold 50,000 shares of Blaize stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $1.68, for a total transaction of $84,000.00. Following the transaction, the director directly owned 50,000 shares in the company, valued at approximately $84,000. The trade was a 50.00% 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. Insiders have sold a total of 140,609 shares of company stock worth $207,134 in the last three months. Insiders own 17.40% of the company's stock.
About Blaize
(
Free Report)
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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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