Blaize (NASDAQ:BZAI) Director Anthony Cannestra Sells 50,000 Shares of Stock

Blaize Holdings, Inc. (NASDAQ:BZAI) Director Anthony Cannestra sold 50,000 shares of Blaize stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $1.75, for a total value of $87,500.00. Following the transaction, the director owned 50,000 shares in the company, valued at approximately $87,500. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Blaize Stock Up 6.2%

NASDAQ:BZAI opened at $2.05 on Thursday. Blaize Holdings, Inc. has a 52 week low of $1.00 and a 52 week high of $6.76. The company has a market capitalization of $251.64 million and a P/E ratio of -0.94. The stock’s fifty day moving average is $1.31 and its two-hundred day moving average is $2.41.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $6.00 price objective on shares of Blaize in a report on Wednesday, March 25th. Zacks Research raised Blaize from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 30th. B. Riley Financial lowered their target price on Blaize from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Blaize in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.50.

Institutional Trading of Blaize

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in Blaize by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 655,679 shares of the company’s stock valued at $1,955,000 after acquiring an additional 3,031 shares during the last quarter. Legal & General Group Plc purchased a new stake in Blaize during the 3rd quarter valued at approximately $26,000. Virtu Financial LLC purchased a new stake in Blaize during the 3rd quarter valued at approximately $42,000. ProShare Advisors LLC purchased a new stake in Blaize during the 3rd quarter valued at approximately $43,000. Finally, Voya Investment Management LLC purchased a new stake in Blaize during the 3rd quarter valued at approximately $44,000. 97.12% of the stock is owned by institutional investors and hedge funds.

About Blaize

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.