Themes Management Co LLC Invests $1.53 Million in Blaize Holdings, Inc. $BZAI

Themes Management Co LLC acquired a new position in shares of Blaize Holdings, Inc. (NASDAQ:BZAI) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 841,000 shares of the company’s stock, valued at approximately $1,531,000. Blaize makes up approximately 0.9% of Themes Management Co LLC’s holdings, making the stock its 20th biggest position. Themes Management Co LLC owned 0.68% of Blaize as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc bought a new position in shares of Blaize during the 3rd quarter worth approximately $26,000. Resurgent Financial Advisors LLC bought a new position in Blaize in the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new position in Blaize in the fourth quarter valued at $29,000. Bank of Montreal Can acquired a new stake in Blaize in the 4th quarter valued at $30,000. Finally, Abel Hall LLC acquired a new stake in Blaize in the 1st quarter valued at $32,000. Institutional investors own 97.12% of the company’s stock.

Insider Activity

In other news, CFO Harminder Sehmi sold 40,609 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was 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 directly owned 259,773 shares of the company’s stock, valued at $355,889.01. This trade represents a 13.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Cannestra sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $1.35, for a total value of $67,500.00. Following the completion of the sale, the director directly owned 50,000 shares of the company’s stock, valued at approximately $67,500. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 271,827 shares of company stock valued at $453,542 over the last quarter. 17.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BZAI. Wall Street Zen downgraded shares of Blaize from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. DA Davidson reaffirmed a “buy” rating and issued a $3.00 target price on shares of Blaize in a research report on Wednesday, April 29th. Roth Capital reiterated a “buy” rating and set a $4.50 target price on shares of Blaize in a report on Friday, May 15th. Zacks Research cut Blaize from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $6.00 price target on shares of Blaize in a research note on Thursday, April 16th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $4.62.

Blaize Price Performance

Shares of BZAI stock opened at $0.90 on Friday. The stock has a market cap of $128.57 million, a P/E ratio of -1.20 and a beta of 0.08. The company has a fifty day moving average price of $1.41 and a two-hundred day moving average price of $1.55. Blaize Holdings, Inc. has a one year low of $0.90 and a one year high of $6.76.

Blaize (NASDAQ:BZAI) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). The firm had revenue of $2.74 million during the quarter. Blaize had a negative net margin of 202.65% and a negative return on equity of 551.04%. As a group, equities research analysts anticipate that Blaize Holdings, Inc. will post -0.66 EPS for the current fiscal year.

Blaize Company Profile

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.