UBS Group AG Has $2.62 Million Stake in Blaize Holdings, Inc. $BZAI

UBS Group AG increased its position in Blaize Holdings, Inc. (NASDAQ:BZAI) by 153.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,343,035 shares of the company’s stock after purchasing an additional 813,121 shares during the period. UBS Group AG owned about 1.21% of Blaize worth $2,619,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new position in Blaize in the 3rd quarter worth approximately $26,000. Virtu Financial LLC acquired a new position in Blaize in the 3rd quarter worth approximately $42,000. ProShare Advisors LLC acquired a new position in Blaize in the 3rd quarter worth approximately $43,000. Strs Ohio acquired a new position in Blaize in the 3rd quarter worth approximately $46,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Blaize during the 3rd quarter valued at $56,000. Institutional investors and hedge funds own 97.12% of the company’s stock.

Wall Street Analysts Forecast Growth

BZAI has been the subject of a number of research reports. Roth Mkm reissued a “buy” rating and set a $4.50 target price on shares of Blaize in a research note on Friday, May 15th. Wall Street Zen lowered shares of Blaize from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Zacks Research lowered shares of Blaize from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. B. Riley Financial decreased their target price on shares of Blaize from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $6.00 target price on shares of Blaize in a research note on Thursday, April 16th. 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 stock. According to data from MarketBeat, Blaize currently has a consensus rating of “Moderate Buy” and an average price target of $4.63.

Insider Activity at Blaize

In related news, Director Anthony Cannestra sold 50,000 shares of Blaize stock in a transaction on Monday, May 11th. The shares were sold at an average price of $1.85, for a total value of $92,500.00. Following the completion of the sale, the director owned 50,000 shares of the company’s stock, valued at approximately $92,500. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction 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 approximately $671,752.27. The trade was a 10.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 314,069 shares of company stock valued at $668,489. Insiders own 17.40% of the company’s stock.

Blaize Trading Up 12.9%

BZAI stock opened at $1.66 on Wednesday. Blaize Holdings, Inc. has a 1 year low of $1.00 and a 1 year high of $6.76. The company has a fifty day simple moving average of $1.71 and a 200 day simple moving average of $1.83. The firm has a market cap of $236.22 million, a PE ratio of -2.21 and a beta of 0.08.

Blaize (NASDAQ:BZAI) last released its quarterly earnings data 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 net margin of 202.65% and a negative return on equity of 551.04%. The business had revenue of $2.74 million during the quarter. As a group, analysts forecast that Blaize Holdings, Inc. will post -0.48 EPS for the current fiscal year.

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.