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

Blaize Holdings, Inc. (NASDAQ:BZAI) CFO Harminder Sehmi sold 40,609 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1.82, for a total value of $73,908.38. Following the sale, the chief financial officer owned 300,382 shares in the company, valued at $546,695.24. The trade was a 11.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 value 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 value of $281,488.80.

Blaize Trading Down 7.3%

Shares of NASDAQ:BZAI opened at $1.79 on Thursday. The stock’s 50-day moving average price is $1.79 and its 200-day moving average price is $1.78. Blaize Holdings, Inc. has a 12-month low of $1.00 and a 12-month high of $6.76. The stock has a market capitalization of $254.72 million, a P/E ratio of -2.39 and a beta of 0.05.

Blaize (NASDAQ:BZAI) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). Blaize had a negative net margin of 202.65% and a negative return on equity of 551.04%. The company had revenue of $2.74 million for the quarter. As a group, research analysts predict that Blaize Holdings, Inc. will post -0.48 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on BZAI. Weiss Ratings reissued a “sell (e+)” rating on shares of Blaize in a research note on Friday, March 27th. Rosenblatt Securities reissued a “buy” rating and issued a $6.00 target price on shares of Blaize in a research note on Thursday, April 16th. Zacks Research cut Blaize from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Wall Street Zen cut Blaize from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Finally, B. Riley Financial cut their target price on Blaize from $8.00 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday, March 25th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued 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 $4.63.

Institutional Trading of Blaize

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Blaize by 301.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,587,998 shares of the company’s stock valued at $12,379,000 after acquiring an additional 2,695,204 shares in the last quarter. Geode Capital Management LLC boosted its position in Blaize by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 1,536,900 shares of the company’s stock valued at $2,997,000 after acquiring an additional 66,178 shares in the last quarter. Renaissance Technologies LLC boosted its position in Blaize by 947.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,404,159 shares of the company’s stock valued at $2,556,000 after acquiring an additional 1,270,096 shares in the last quarter. UBS Group AG boosted its position in Blaize by 153.4% during the 4th quarter. UBS Group AG now owns 1,343,035 shares of the company’s stock valued at $2,619,000 after acquiring an additional 813,121 shares in the last quarter. Finally, State Street Corp boosted its position in Blaize by 2.3% during the 4th quarter. State Street Corp now owns 1,292,591 shares of the company’s stock valued at $2,521,000 after acquiring an additional 29,222 shares in the last quarter. 97.12% of the stock is owned by institutional investors.

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.