Harminder Sehmi Sells 40,609 Shares of Blaize (NASDAQ:BZAI) Stock

Blaize Holdings, Inc. (NASDAQ:BZAI) CFO Harminder Sehmi sold 40,609 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1.37, for a total transaction of $55,634.33. Following the sale, the chief financial officer directly owned 259,773 shares of the company’s stock, valued at approximately $355,889.01. This trade represents a 13.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Harminder Sehmi also recently made the following trade(s):

• On Monday, June 1st, Harminder Sehmi sold 40,609 shares of Blaize stock. The stock was sold at an average price of $1.82, for a total transaction of $73,908.38.
• On Friday, May 1st, Harminder Sehmi sold 40,609 shares of Blaize stock. The shares were sold at an average price of $1.97, for a total transaction of $79,999.73.
• On Monday, April 20th, Harminder Sehmi sold 123,460 shares of Blaize stock. The shares were sold at an average price of $2.28, for a total transaction of $281,488.80.

Blaize Stock Down 6.2%

BZAI opened at $1.28 on Wednesday. The company has a market capitalization of $182.85 million, a PE ratio of -1.71 and a beta of 0.08. The firm has a 50-day simple moving average of $1.60 and a two-hundred day simple moving average of $1.63. Blaize Holdings, Inc. has a 52 week low of $1.00 and a 52 week high of $6.76.

Blaize (NASDAQ:BZAI) last issued its earnings results on Thursday, May 14th. The company reported ($0.19) earnings per share (EPS) 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 firm had revenue of $2.74 million during the quarter. As a group, sell-side analysts expect that Blaize Holdings, Inc. will post -0.66 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $6.00 target price on shares of Blaize in a report on Thursday, April 16th. Zacks Research downgraded shares of Blaize from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Wall Street Zen lowered shares of Blaize from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Weiss Ratings restated a “sell (e+)” rating on shares of Blaize in a report on Wednesday, June 24th. Finally, B. Riley Financial lowered their price target on shares of Blaize from $8.00 to $5.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $4.62.

Institutional Investors Weigh In On Blaize

Several institutional investors have recently made changes to their positions in BZAI. Vanguard Group Inc. boosted its stake in shares of Blaize by 301.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,587,998 shares of the company’s stock worth $12,379,000 after purchasing an additional 2,695,204 shares during the period. Renaissance Technologies LLC raised its position in Blaize by 947.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,404,159 shares of the company’s stock worth $2,556,000 after purchasing an additional 1,270,096 shares during the period. Lazard Asset Management LLC bought a new stake in Blaize in the first quarter worth about $2,192,000. Millennium Management LLC purchased a new position in shares of Blaize during the fourth quarter valued at approximately $1,887,000. Finally, Themes Management Co LLC purchased a new position in shares of Blaize during the first quarter valued at approximately $1,531,000. Institutional investors own 97.12% of the company’s stock.

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.