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

Blaize Holdings, Inc. (NASDAQ:BZAI) CFO Harminder Sehmi sold 40,609 shares of Blaize stock in a transaction on Friday, May 1st. The shares were sold at an average price of $1.97, for a total value of $79,999.73. Following the completion of the sale, the chief financial officer directly owned 340,991 shares of the company’s stock, valued at $671,752.27. This trade represents a 10.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 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 Price Performance

Shares of NASDAQ BZAI traded down $0.02 during midday trading on Tuesday, hitting $2.31. The stock had a trading volume of 11,469,430 shares, compared to its average volume of 13,216,122. The company’s 50-day simple moving average is $1.57 and its 200 day simple moving average is $2.12. The firm has a market cap of $283.55 million, a P/E ratio of -1.06 and a beta of 0.08. Blaize Holdings, Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $6.76.

Analyst Ratings Changes

BZAI has been the subject of a number of analyst reports. Zacks Research cut Blaize from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. DA Davidson reaffirmed a “buy” rating and set a $3.00 price objective on shares of Blaize in a research note on Wednesday, April 29th. Wall Street Zen cut Blaize from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Rosenblatt Securities reaffirmed a “buy” rating and set a $6.00 price objective on shares of Blaize in a research note on Thursday, April 16th. Finally, B. Riley Financial decreased their price objective on Blaize from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Blaize by 301.9% during the third quarter. Vanguard Group Inc. now owns 3,587,998 shares of the company’s stock worth $12,379,000 after acquiring an additional 2,695,204 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Blaize by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 1,536,900 shares of the company’s stock worth $2,997,000 after acquiring an additional 66,178 shares in the last quarter. UBS Group AG lifted its holdings in Blaize by 153.4% during the fourth quarter. UBS Group AG now owns 1,343,035 shares of the company’s stock worth $2,619,000 after acquiring an additional 813,121 shares in the last quarter. State Street Corp lifted its holdings in Blaize by 2.3% during the fourth quarter. State Street Corp now owns 1,292,591 shares of the company’s stock worth $2,521,000 after acquiring an additional 29,222 shares in the last quarter. Finally, Millennium Management LLC bought a new position in Blaize during the fourth quarter worth about $1,887,000. 97.12% of the stock is currently owned by institutional investors.

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.