Quarry LP Buys New Position in Blaize Holdings, Inc. $BZAI

Key Points

• Quarry LP has acquired a new stake in Blaize Holdings, Inc. by purchasing 675,464 shares valued at approximately $1.36 million, marking a 0.66% ownership in the company.
• Other institutional investors, including ATW Spac Management and Charles Schwab Investment Management, also established new positions in Blaize during the first quarter.
• Blaize's stock is currently rated as a "Buy" with an average price target of $6.83, and it recently reported a fiscal loss of ($0.28) EPS with quarterly revenue of $1.98 million.

Quarry LP bought a new stake in Blaize Holdings, Inc. (NASDAQ:BZAI - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 675,464 shares of the company's stock, valued at approximately $1,364,000. Quarry LP owned approximately 0.66% of Blaize at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. ATW Spac Management LLC bought a new position in shares of Blaize in the first quarter worth approximately $694,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Blaize during the 1st quarter valued at $644,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Blaize during the 1st quarter valued at $123,000. Finally, HighTower Advisors LLC bought a new stake in shares of Blaize during the 1st quarter valued at $81,000. 97.12% of the stock is owned by hedge funds and other institutional investors.

Blaize Price Performance

Shares of NASDAQ:BZAI opened at $3.57 on Friday. Blaize Holdings, Inc. has a fifty-two week low of $1.70 and a fifty-two week high of $19.25. The business has a 50-day simple moving average of $3.47 and a two-hundred day simple moving average of $3.04.

Blaize (NASDAQ:BZAI - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.28) EPS for the quarter. The firm had revenue of $1.98 million for the quarter. Blaize has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities reaffirmed a "buy" rating and issued a $6.00 price target on shares of Blaize in a research report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. According to MarketBeat.com, Blaize presently has a consensus rating of "Buy" and an average price target of $6.83.

About Blaize

Blaize® has created a transformative new compute solution that unites silicon and software to optimize AI from the edge to the core. We're partnering with customers to transform their products so they can deliver better experiences and better lives.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.