NASDAQ:BLZE Backblaze (BLZE) Stock Price, News & Analysis $6.74 +0.02 (+0.30%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$6.61▼$6.8350-Day Range$5.44▼$7.1252-Week Range$4.19▼$12.65Volume156,664 shsAverage Volume383,964 shsMarket Capitalization$279.71 millionP/E RatioN/ADividend YieldN/APrice Target$14.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Backblaze alerts: Email Address Backblaze MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside107.7% Upside$14.00 Price TargetShort InterestBearish5.75% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.55Based on 5 Articles This WeekInsider TradingSelling Shares$131,703 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.07) to ($0.95) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.75 out of 5 starsComputer And Technology Sector478th out of 612 stocksPrepackaged Software Industry162nd out of 202 stocks 3.5 Analyst's Opinion Consensus RatingBackblaze has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageBackblaze has received no research coverage in the past 90 days.Read more about Backblaze's stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted5.75% of the float of Backblaze has been sold short.Short Interest Ratio / Days to CoverBackblaze has a short interest ratio ("days to cover") of 4.Change versus previous monthShort interest in Backblaze has recently increased by 106.40%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldBackblaze does not currently pay a dividend.Dividend GrowthBackblaze does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for BLZE. Previous Next 2.5 News and Social Media Coverage News SentimentBackblaze has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Backblaze this week, compared to 2 articles on an average week.Search Interest12 people have searched for BLZE on MarketBeat in the last 30 days. This is an increase of 500% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Backblaze to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Backblaze insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $131,703.00 in company stock.Percentage Held by InsidersOnly 5.20% of the stock of Backblaze is held by insiders.Percentage Held by Institutions54.03% of the stock of Backblaze is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Backblaze's insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Backblaze are expected to grow in the coming year, from ($1.07) to ($0.95) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Backblaze is -4.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Backblaze is -4.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioBackblaze has a P/B Ratio of 5.86. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Backblaze's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Monument Traders AllianceThis student turned $1,300 into $45,000 in just 4 Months!With the help of S.A.M. (my new AI-powered scanner) it's now easier than ever to find these unique trades... In fact, it just detected a move happening this MONDAY.See here to see the full details. About Backblaze Stock (NASDAQ:BLZE)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. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as public, hybrid, and multi-cloud data storage; application development and DevOps; content delivery and edge computing; security and ransomware protection; media management; backup, archive, and tape replacement; repository for analytics, artificial intelligence and machine learning; and Internet of Things. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides a subscription-based Software-as-a-Service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was incorporated in 2007 and is headquartered in San Mateo, California.Read More BLZE Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BLZE Stock News HeadlinesJuly 26 at 6:58 AM | americanbankingnews.comBackblaze, Inc. (NASDAQ:BLZE) Short Interest Up 106.4% in JulyJuly 23 at 9:00 AM | globenewswire.comBackblaze Names Jason Wakeam Chief Revenue OfficerJuly 26, 2024 | Porter & Company (Ad)Nvidia insiders dumping sharesAll the signs show the AI market is about to reverse. And unless you know what’s really going on in this sector, you could be wiped out. Inside this new expose, you'll discover exactly how the AI crisis will unfold... how you can prepare for it before it's too late... and how you can potentially profit from it, too. Click here to read the new expose, The Big AI Die-Up while you still can.July 18, 2024 | globenewswire.comBackblaze to Announce Second Quarter 2024 Results on August 8, 2024July 11, 2024 | investorplace.comStocks to Buy: 3 Breakout Stars to Transform Your PortfolioJune 27, 2024 | globenewswire.comBackblaze Set to Join Russell 3000 and 2000 IndexesJune 13, 2024 | globenewswire.comBackblaze Partners with Coalition to Elevate Cyber Risk Protection and ComplianceJune 6, 2024 | globenewswire.comBackblaze Introduces Live Read to Level Up Media Production and Other Cloud WorkflowsJuly 26, 2024 | Porter & Company (Ad)Nvidia insiders dumping sharesAll the signs show the AI market is about to reverse. And unless you know what’s really going on in this sector, you could be wiped out. Inside this new expose, you'll discover exactly how the AI crisis will unfold... how you can prepare for it before it's too late... and how you can potentially profit from it, too. Click here to read the new expose, The Big AI Die-Up while you still can.May 16, 2024 | finance.yahoo.comBackblaze Plugs Into Internet2 to Expand Service for Research and Education InstitutionsMay 16, 2024 | globenewswire.comBackblaze Plugs Into Internet2 to Expand Service for Research and Education InstitutionsMay 13, 2024 | globenewswire.comBackblaze to Present at the 19th Annual Needham Technology, Media, & Consumer ConferenceMay 10, 2024 | finance.yahoo.comBackblaze Inc (BLZE) Q1 2024 Earnings: Revenue Growth Exceeds Expectations, Narrowing LossesMay 10, 2024 | finance.yahoo.comBackblaze First Quarter 2024 Earnings: EPS Beats ExpectationsMay 9, 2024 | finance.yahoo.comBackblaze, Inc. (NASDAQ:BLZE) Q1 2024 Earnings Call TranscriptMay 9, 2024 | finance.yahoo.comBackblaze Inc (BLZE) Q1 2024 Earnings Call Transcript Highlights: Robust Growth and Strategic ...May 8, 2024 | investorplace.comBLZE Stock Earnings: Backblaze Beats EPS, Beats Revenue for Q1 2024May 8, 2024 | msn.comBackblaze Non-GAAP EPS of -$0.14 beats by $0.01, revenue of $30M beats by $0.28MSee More Headlines Receive BLZE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Backblaze and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/08/2024Today7/26/2024Next Earnings (Confirmed)8/08/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryComputer Software Current SymbolNASDAQ:BLZE CUSIPN/A CIK1462056 Webwww.backblaze.com Phone650-352-3738Fax650-472-8095Employees270Year FoundedN/APrice Target and Rating Average Stock Price Target$14.00 High Stock Price Target$18.00 Low Stock Price Target$11.00 Potential Upside/Downside+107.7%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($1.42) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-59,710,000.00 Net Margins-48.62% Pretax Margin-49.40% Return on Equity-105.67% Return on Assets-38.46% Debt Debt-to-Equity Ratio0.34 Current Ratio0.70 Quick Ratio0.70 Sales & Book Value Annual Sales$102.02 million Price / Sales2.74 Cash FlowN/A Price / Cash FlowN/A Book Value$1.15 per share Price / Book5.86Miscellaneous Outstanding Shares41,500,000Free Float39,342,000Market Cap$279.71 million OptionableOptionable Beta1.02 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. Gleb Budman (Age 49)Co-Founder, CEO & Chairman Comp: $429.87kMr. Tim Nufire (Age 59)Co-Founder Mr. Brian Wilson (Age 56)Co-Founder Comp: $429.87kMr. Francis P. Patchel (Age 66)Chief Financial Officer Comp: $454.15kMr. Casey JonesCo-FounderMr. Hang Ng KwokCo-FounderMr. Nilay PatelCo-Founder & VP of SalesDamon UyedaCo-FounderMs. Anu PatilVice President of Revenue Strategy & OperationsMr. Brian BeachChief Technology OfficerMore ExecutivesKey CompetitorsOomaNYSE:OOMARed VioletNASDAQ:RDVTWaterdropNYSE:WDHEdgioNASDAQ:EGIOCare.comNYSE:CRCMView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpBought 113,757 shares on 7/26/2024Ownership: 0.274%SG Americas Securities LLCBought 9,720 shares on 7/12/2024Ownership: 0.051%Francis P PatchelSold 10,328 sharesTotal: $66,615.60 ($6.45/share)Francis P PatchelSold 2,647 sharesTotal: $17,576.08 ($6.64/share)Tina CessnaSold 2,715 sharesTotal: $18,027.60 ($6.64/share)View All Insider TransactionsView All Institutional Transactions BLZE Stock Analysis - Frequently Asked Questions How have BLZE shares performed this year? Backblaze's stock was trading at $7.59 on January 1st, 2024. Since then, BLZE stock has decreased by 11.2% and is now trading at $6.74. View the best growth stocks for 2024 here. How were Backblaze's earnings last quarter? Backblaze, Inc. (NASDAQ:BLZE) announced its quarterly earnings data on Wednesday, May, 8th. The company reported ($0.27) earnings per share for the quarter, topping analysts' consensus estimates of ($0.31) by $0.04. The company had revenue of $29.97 million for the quarter, compared to analyst estimates of $29.75 million. Backblaze had a negative trailing twelve-month return on equity of 105.67% and a negative net margin of 48.62%. When did Backblaze IPO? Backblaze (BLZE) raised $101 million in an initial public offering on Thursday, November 11th 2021. The company issued 6,300,000 shares at a price of $15.00-$17.00 per share. Oppenheimer & Co., William Blair and Raymond James acted as the underwriters for the IPO and JMP Securities, Lake Street and B. Riley Securities were co-managers. Who are Backblaze's major shareholders? Top institutional investors of Backblaze include Bank of New York Mellon Corp (0.27%) and SG Americas Securities LLC (0.05%). Insiders that own company stock include Tmt Investments Plc, Gleb Budman, Brian K Wilson, Timothy M Nufire, Charles J Jones, Kwok Hang Ng, Francis P Patchel and Tina Cessna. View institutional ownership trends. How do I buy shares of Backblaze? Shares of BLZE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:BLZE) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. 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