841,000 Shares in Blaize Holdings, Inc. $BZAI Purchased by Themes Management Co LLC

Themes Management Co LLC purchased a new stake in Blaize Holdings, Inc. (NASDAQ:BZAI) during the first quarter, HoldingsChannel.com reports. The firm purchased 841,000 shares of the company’s stock, valued at approximately $1,531,000. Blaize makes up about 0.9% of Themes Management Co LLC’s holdings, making the stock its 20th largest position.

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

Insider Activity

In other Blaize news, Director Anthony Cannestra sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $1.35, for a total value of $67,500.00. Following the completion of the sale, the director owned 50,000 shares of the company’s stock, valued at approximately $67,500. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Harminder Sehmi sold 40,609 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1.37, for a total value of $55,634.33. Following the sale, the chief financial officer owned 259,773 shares of the company’s stock, valued at approximately $355,889.01. This represents a 13.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 271,827 shares of company stock valued at $453,542. 17.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on BZAI shares. Wall Street Zen cut 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 set a $3.00 target price on shares of Blaize in a report on Wednesday, April 29th. Zacks Research downgraded shares of Blaize from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Roth Capital reiterated a “buy” rating and issued a $4.50 price target on shares of Blaize in a research note on Friday, May 15th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $6.00 price target on shares of Blaize in a research report on Thursday, April 16th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $4.62.

Blaize Trading Down 9.2%

NASDAQ BZAI opened at $0.90 on Friday. The firm has a market capitalization of $128.57 million, a PE ratio of -1.20 and a beta of 0.08. The business’s 50-day moving average price is $1.41 and its two-hundred day moving average price is $1.55. Blaize Holdings, Inc. has a 12 month low of $0.90 and a 12 month high of $6.76.

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

Blaize 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.