UBS Group AG Purchases 813,121 Shares of Blaize Holdings, Inc. $BZAI

UBS Group AG increased its position in Blaize Holdings, Inc. (NASDAQ:BZAI) by 153.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,343,035 shares of the company’s stock after acquiring an additional 813,121 shares during the quarter. UBS Group AG’s holdings in Blaize were worth $2,619,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BZAI. Vanguard Group Inc. raised its holdings in Blaize by 301.9% in the 3rd 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 during the period. RK Capital Management LLC FL bought a new position in Blaize in the 3rd quarter worth $844,000. Raymond James Financial Inc. raised its holdings in Blaize by 93,097.5% in the 3rd quarter. Raymond James Financial Inc. now owns 186,395 shares of the company’s stock worth $643,000 after acquiring an additional 186,195 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Blaize in the 3rd quarter worth $606,000. Finally, Goldman Sachs Group Inc. bought a new position in Blaize in the 1st quarter worth $348,000. Institutional investors own 97.12% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Zacks Research downgraded shares of Blaize from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Roth Mkm restated a “buy” rating and set a $4.50 price objective on shares of Blaize in a report on Friday, May 15th. Rosenblatt Securities restated a “buy” rating and set a $6.00 price objective on shares of Blaize in a report on Thursday, April 16th. DA Davidson restated a “buy” rating and set a $3.00 price objective on shares of Blaize in a report on Wednesday, April 29th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Blaize in a report on Friday, March 27th. Four investment 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. Based on data from MarketBeat.com, Blaize currently has an average rating of “Moderate Buy” and a consensus target price of $4.63.

Insider Activity

In other news, CFO Harminder Sehmi sold 40,609 shares of Blaize stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $1.97, for a total transaction of $79,999.73. Following the sale, the chief financial officer directly owned 340,991 shares in the company, valued at approximately $671,752.27. The trade was a 10.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Dinakar Munagala sold 50,000 shares of Blaize stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $2.54, for a total transaction of $127,000.00. Following the sale, the chief executive officer owned 551,422 shares in the company, valued at approximately $1,400,611.88. This trade represents a 8.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 314,069 shares of company stock worth $668,489. Corporate insiders own 17.40% of the company’s stock.

Blaize Stock Performance

Shares of Blaize stock opened at $1.66 on Wednesday. The firm’s 50-day simple moving average is $1.71 and its 200-day simple moving average is $1.83. Blaize Holdings, Inc. has a twelve month low of $1.00 and a twelve month high of $6.76. The firm has a market cap of $236.22 million, a P/E ratio of -2.21 and a beta of 0.08.

Blaize (NASDAQ:BZAI) last issued its earnings results on Thursday, May 14th. The company reported ($0.19) earnings per share 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 for the quarter. On average, equities analysts forecast that Blaize Holdings, Inc. will post -0.48 earnings per share for the current fiscal year.

Blaize 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.