1,204,204 Shares in Blaize Holdings, Inc. $BZAI Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC bought a new position in Blaize Holdings, Inc. (NASDAQ:BZAI) in the first quarter, Holdings Channel.com reports. The fund bought 1,204,204 shares of the company’s stock, valued at approximately $2,192,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BZAI. Legal & General Group Plc acquired a new position in shares of Blaize during the 3rd quarter valued at $26,000. Resurgent Financial Advisors LLC bought a new stake in shares of Blaize in the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Blaize in the fourth quarter valued at $29,000. Bank of Montreal Can acquired a new stake in shares of Blaize in the fourth quarter valued at $30,000. Finally, Abel Hall LLC bought a new position in Blaize during the first quarter valued at about $32,000. 97.12% of the stock is owned by institutional investors.

Blaize Stock Performance

Shares of BZAI opened at $0.79 on Monday. The business’s 50-day moving average price is $1.35 and its 200 day moving average price is $1.50. The stock has a market capitalization of $112.46 million, a P/E ratio of -1.05 and a beta of 0.13. Blaize Holdings, Inc. has a 1-year low of $0.74 and a 1-year high of $6.76.

Blaize (NASDAQ:BZAI) last released its quarterly earnings results 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). The firm had revenue of $2.74 million for the quarter. Blaize had a negative net margin of 202.65% and a negative return on equity of 551.04%. On average, research analysts predict that Blaize Holdings, Inc. will post -0.66 earnings per share for the current year.

Insider Transactions at Blaize

In related news, CFO Harminder Sehmi sold 40,609 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1.37, for a total transaction of $55,634.33. Following the transaction, the chief financial officer directly owned 259,773 shares of the company’s stock, valued at approximately $355,889.01. The trade was a 13.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Cannestra sold 50,000 shares of the business’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 transaction of $92,500.00. Following the transaction, the director directly owned 50,000 shares in the company, valued at $92,500. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 231,218 shares of company stock worth $373,543 in the last quarter. 17.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BZAI has been the topic of several research reports. Roth Capital reiterated a “buy” rating and issued a $4.50 price target on shares of Blaize in a research report on Friday, May 15th. Rosenblatt Securities reissued a “buy” rating and set a $6.00 target price on shares of Blaize in a research note on Thursday, April 16th. Wall Street Zen lowered shares of Blaize from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. DA Davidson reaffirmed a “buy” rating and issued a $3.00 price target on shares of Blaize in a report on Wednesday, April 29th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Blaize in a research report on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $4.62.

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.