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

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

Blaize Stock Down 10.3%

Shares of BZAI stock opened at $1.92 on Friday. Blaize Holdings, Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $6.76. The stock has a market cap of $235.68 million and a P/E ratio of -0.88. The business has a fifty day simple moving average of $1.48 and a 200-day simple moving average of $2.29.

Institutional Trading of Blaize

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BZAI. Goldman Sachs Group Inc. purchased a new stake in Blaize during the 1st quarter worth about $348,000. Geode Capital Management LLC boosted its stake in Blaize by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 655,679 shares of the company’s stock worth $1,955,000 after buying an additional 3,031 shares during the last quarter. XTX Topco Ltd acquired a new stake in Blaize in the 2nd quarter worth about $189,000. AQR Arbitrage LLC acquired a new stake in Blaize in the 2nd quarter worth about $298,000. Finally, Voya Investment Management LLC acquired a new stake in Blaize in the 3rd quarter worth about $44,000. Hedge funds and other institutional investors own 97.12% of the company’s stock.

Wall Street Analyst Weigh In

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

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.