Blaize (NASDAQ:BZAI) CEO Dinakar Munagala Sells 50,000 Shares of Stock

Blaize Holdings, Inc. (NASDAQ:BZAI) 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 value of $127,000.00. Following the completion of the transaction, the chief executive officer directly owned 551,422 shares of the company’s stock, valued at approximately $1,400,611.88. This represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Blaize Price Performance

NASDAQ BZAI opened at $2.32 on Tuesday. The stock has a 50-day moving average of $1.43 and a two-hundred day moving average of $2.31. The company has a market cap of $284.78 million and a P/E ratio of -1.07. Blaize Holdings, Inc. has a 1-year low of $1.00 and a 1-year high of $6.76.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BZAI shares. Zacks Research upgraded shares of Blaize from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 30th. Wall Street Zen upgraded shares of Blaize from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $6.00 price target on shares of Blaize in a report on Thursday, April 16th. B. Riley Financial lowered their price target on Blaize from $8.00 to $5.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Blaize in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Blaize has a consensus rating of “Moderate Buy” and a consensus target price of $6.50.

Hedge Funds Weigh In On Blaize

Several large investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd acquired a new position in Blaize in the fourth quarter valued at $29,000. Aristides Capital LLC acquired a new position in Blaize in the fourth quarter valued at $86,000. Virtu Financial LLC boosted its stake in Blaize by 179.1% in the fourth quarter. Virtu Financial LLC now owns 33,641 shares of the company’s stock valued at $66,000 after acquiring an additional 21,589 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Blaize in the fourth quarter valued at approximately $1,887,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of Blaize in the fourth quarter valued at approximately $759,000. Institutional investors and hedge funds own 97.12% of the company’s stock.

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.