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

Blaize Holdings, Inc. (NASDAQ:BZAI) CFO Harminder Sehmi sold 40,609 shares of Blaize stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1.82, for a total transaction of $73,908.38. Following the transaction, the chief financial officer directly owned 300,382 shares of the company’s stock, valued at approximately $546,695.24. This trade represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 stock was 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 stock was sold at an average price of $2.28, for a total transaction of $281,488.80.

Blaize Stock Performance

Shares of Blaize stock opened at $1.81 on Friday. The firm has a 50-day moving average of $1.81 and a 200-day moving average of $1.77. The stock has a market cap of $257.56 million, a PE ratio of -2.41 and a beta of 0.05. Blaize Holdings, Inc. has a 52-week low of $1.00 and a 52-week high of $6.76.

Blaize (NASDAQ:BZAI) last announced its earnings results 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). The business had revenue of $2.74 million during the quarter. Blaize had a negative net margin of 202.65% and a negative return on equity of 551.04%. Equities research analysts predict that Blaize Holdings, Inc. will post -0.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Blaize in a research report on Friday, March 27th. B. Riley Financial reduced their target price on shares of Blaize from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Wall Street Zen cut shares of Blaize from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Zacks Research cut shares of Blaize from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $6.00 target price on shares of Blaize in a research report on Thursday, April 16th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Blaize currently has an average rating of “Moderate Buy” and a consensus target price of $4.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Blaize by 301.9% in the third quarter. Vanguard Group Inc. now owns 3,587,998 shares of the company’s stock valued at $12,379,000 after purchasing an additional 2,695,204 shares in the last quarter. Geode Capital Management LLC raised its stake in Blaize by 4.5% in the fourth quarter. Geode Capital Management LLC now owns 1,536,900 shares of the company’s stock valued at $2,997,000 after purchasing an additional 66,178 shares in the last quarter. Renaissance Technologies LLC raised its stake in Blaize by 947.4% in the first quarter. Renaissance Technologies LLC now owns 1,404,159 shares of the company’s stock valued at $2,556,000 after purchasing an additional 1,270,096 shares in the last quarter. UBS Group AG raised its stake in Blaize by 153.4% in the fourth quarter. UBS Group AG now owns 1,343,035 shares of the company’s stock valued at $2,619,000 after purchasing an additional 813,121 shares in the last quarter. Finally, State Street Corp raised its stake in Blaize by 2.3% in the fourth quarter. State Street Corp now owns 1,292,591 shares of the company’s stock valued at $2,521,000 after purchasing an additional 29,222 shares in the last quarter. Institutional investors and hedge funds own 97.12% of the company’s stock.

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.