Lazard Asset Management LLC Invests $2.19 Million in Blaize Holdings, Inc. $BZAI

Lazard Asset Management LLC bought a new stake in Blaize Holdings, Inc. (NASDAQ:BZAI) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,204,204 shares of the company’s stock, valued at approximately $2,192,000. Lazard Asset Management LLC owned approximately 0.98% of Blaize as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Legal & General Group Plc acquired a new position in Blaize in the third quarter worth about $26,000. Resurgent Financial Advisors LLC acquired a new stake in Blaize during the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in Blaize during the fourth quarter valued at approximately $29,000. Bank of Montreal Can bought a new position in Blaize during the 4th quarter worth approximately $30,000. Finally, Abel Hall LLC bought a new position in Blaize during the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 97.12% of the company’s stock.

Analyst Ratings Changes

BZAI has been the subject of a number of research analyst reports. Roth Capital reiterated a “buy” rating and issued a $4.50 price target on shares of Blaize in a report on Friday, May 15th. Wall Street Zen downgraded shares of Blaize from a “sell” rating to a “strong sell” rating in a report 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. Weiss Ratings reissued a “sell (e+)” rating on shares of Blaize in a report on Wednesday, June 24th. Finally, DA Davidson restated a “buy” rating and issued a $3.00 price target 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 given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Blaize has an average rating of “Moderate Buy” and a consensus price target of $4.62.

Insiders Place Their Bets

In other news, CFO Harminder Sehmi sold 40,609 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1.37, for a total value of $55,634.33. Following the completion of the transaction, the chief financial officer owned 259,773 shares of the company’s stock, valued at approximately $355,889.01. This represents a 13.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Cannestra sold 50,000 shares of Blaize stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $1.85, for a total transaction of $92,500.00. Following the sale, the director owned 50,000 shares in the company, valued at approximately $92,500. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 231,218 shares of company stock valued at $373,543 in the last quarter. 17.40% of the stock is currently owned by insiders.

Blaize Stock Performance

Shares of NASDAQ BZAI opened at $0.79 on Monday. The stock has a 50 day simple moving average of $1.35 and a 200-day simple moving average of $1.50. The company has a market cap of $112.46 million, a PE ratio of -1.05 and a beta of 0.13. Blaize Holdings, Inc. has a 12-month low of $0.74 and a 12-month high of $6.76.

Blaize (NASDAQ:BZAI) last issued its quarterly earnings data 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). Blaize had a negative return on equity of 551.04% and a negative net margin of 202.65%.The business had revenue of $2.74 million during the quarter. Sell-side analysts forecast that Blaize Holdings, Inc. will post -0.66 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.