Blaize (NASDAQ:BZAI) CFO Harminder Sehmi Sells 123,460 Shares of Stock

Blaize Holdings, Inc. (NASDAQ:BZAI) CFO Harminder Sehmi sold 123,460 shares of Blaize stock in a transaction on Monday, April 20th. The stock was sold at an average price of $2.28, for a total value of $281,488.80. Following the transaction, the chief financial officer directly owned 381,600 shares of the company’s stock, valued at approximately $870,048. This represents a 24.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Blaize Stock Performance

Shares of BZAI stock opened at $2.14 on Thursday. The stock has a fifty day moving average price of $1.46 and a 200 day moving average price of $2.29. The stock has a market cap of $262.69 million and a PE ratio of -0.99. Blaize Holdings, Inc. has a 1 year low of $1.00 and a 1 year high of $6.76.

Analysts Set New Price Targets

A number of analysts recently commented on BZAI shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Blaize in a research report on Friday, March 27th. Zacks Research upgraded Blaize from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 30th. Rosenblatt Securities reiterated a “buy” rating and set a $6.00 price objective on shares of Blaize in a research report on Thursday, April 16th. B. Riley Financial dropped their price objective on Blaize from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Finally, Wall Street Zen upgraded Blaize from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.50.

Institutional Investors Weigh In On Blaize

A number of hedge funds and other institutional investors have recently made changes to their positions in BZAI. Legal & General Group Plc purchased a new stake in shares of Blaize in the third quarter valued at $26,000. Resurgent Financial Advisors LLC purchased a new stake in shares of Blaize in the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Blaize in the fourth quarter valued at $29,000. Bank of Montreal Can purchased a new stake in shares of Blaize in the fourth quarter valued at $30,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Blaize in the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 97.12% of the company’s stock.

About Blaize

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.