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

Blaize Holdings, Inc. (NASDAQ:BZAI) CFO Harminder Sehmi sold 40,609 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $1.37, for a total transaction of $55,634.33. Following the sale, the chief financial officer directly owned 259,773 shares in the company, valued at $355,889.01. This represents a 13.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 1st, Harminder Sehmi sold 40,609 shares of Blaize stock. The shares were sold at an average price of $1.82, for a total transaction of $73,908.38.
• 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 Up 2.2%

BZAI stock traded up $0.03 during midday trading on Monday, hitting $1.37. The company’s stock had a trading volume of 2,042,273 shares, compared to its average volume of 6,732,668. The firm has a 50-day simple moving average of $1.63 and a 200-day simple moving average of $1.65. The firm has a market capitalization of $194.95 million, a P/E ratio of -1.83 and a beta of 0.08. 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 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 company had revenue of $2.74 million during the quarter. On average, sell-side analysts expect that Blaize Holdings, Inc. will post -0.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BZAI has been the topic of a number of analyst reports. B. Riley Financial reduced their price objective on shares of Blaize from $8.00 to $5.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Roth Mkm restated a “buy” rating and issued a $4.50 price target on shares of Blaize in a research note on Friday, May 15th. DA Davidson reaffirmed a “buy” rating and set a $3.00 price objective on shares of Blaize in a research report on Wednesday, April 29th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Blaize in a report on Wednesday, June 24th. Finally, Wall Street Zen cut Blaize from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Four research 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 a consensus target price of $4.62.

Institutional Investors Weigh In On Blaize

Several hedge funds have recently made changes to their positions in BZAI. Caerus Investment Advisors LLC acquired a new position in shares of Blaize in the first quarter valued at approximately $53,000. Bank of America Corp DE lifted its holdings in shares of Blaize by 11.4% during the first quarter. Bank of America Corp DE now owns 93,844 shares of the company’s stock worth $171,000 after purchasing an additional 9,598 shares during the period. Lazard Asset Management LLC purchased a new position in Blaize in the 1st quarter valued at $2,192,000. Themes Management Co LLC acquired a new position in Blaize in the 1st quarter valued at $1,531,000. Finally, Renaissance Technologies LLC increased its stake in Blaize by 947.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,404,159 shares of the company’s stock valued at $2,556,000 after buying an additional 1,270,096 shares during the period. Institutional investors and hedge funds own 97.12% of the company’s stock.

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.