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

Blaize Holdings, Inc. (NASDAQ:BZAI) Director Anthony Cannestra sold 50,000 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 50,000 shares of the company’s stock, valued at approximately $92,500. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anthony Cannestra also recently made the following trade(s):

• On Monday, April 6th, Anthony Cannestra sold 50,000 shares of Blaize stock. The shares were sold at an average price of $1.75, for a total value of $87,500.00.

Blaize Trading Up 2.8%

NASDAQ:BZAI opened at $1.68 on Thursday. Blaize Holdings, Inc. has a 12-month low of $1.00 and a 12-month high of $6.76. The stock’s 50 day simple moving average is $1.65 and its 200-day simple moving average is $1.99. The firm has a market cap of $205.61 million, a P/E ratio of -0.77 and a beta of 0.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BZAI. Legal & General Group Plc acquired a new stake in Blaize in the third quarter valued at $26,000. Resurgent Financial Advisors LLC acquired a new position in shares of Blaize during the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Blaize in the 4th quarter valued at about $29,000. Bank of Montreal Can acquired a new stake in shares of Blaize in the fourth quarter valued at about $30,000. Finally, Abel Hall LLC acquired a new stake in shares of Blaize in the first quarter valued at about $32,000. Institutional investors and hedge funds own 97.12% of the company’s stock.

Analyst Ratings Changes

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

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.