Stocks of Backblaze Inc (NASDAQ:BLZE) traded higher last session on Wall Street, down -1.17% to $5.08.
BLZE stock price is now -0.13% away from the 50-day moving average and -15.98% away from the 200-day moving average. The market capitalization of the company currently stands at $278.90M.
With the price target of $8, Needham recently initiated with Buy rating for Backblaze Inc (NASDAQ: BLZE). , while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, Budman Gleb, CEO and Chairperson sold 3,499 shares of the company’s stock on Feb 28 ’25. The stock was sold for $22,044 at an average price of $6.30. Upon completion of the transaction, the CEO and Chairperson now directly owns 1,863,857 shares in the company, valued at $9.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 27 ’25, CEO and Chairperson Budman Gleb sold 2,863 shares of the business’s stock. A total of $18,924 was realized by selling the stock at an average price of $6.61. This leaves the insider owning 1,867,356 shares of the company worth $9.49 million. A total of 28.87% of the company’s stock is owned by insiders.
During the past 12 months, Backblaze Inc has had a low of $3.94 and a high of $8.08. As of last week, the company has a debt-to-equity ratio of 0.62, a current ratio of 1.09, and a quick ratio of 1.09. The fifty day moving average price for BLZE is $5.0864 and a two-hundred day moving average price translates $6.046375 for the stock.
The latest earnings results from Backblaze Inc (NASDAQ: BLZE) was released for 2025-03-31. The net profit margin was -35.38% and return on equity was -74.75% for BLZE. The company reported revenue of $34.61 million for the quarter, compared to $29.97 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.5 percent.
