Tina Cessna Sells 2,715 Shares of Backblaze, Inc. (NASDAQ:BLZE) Stock

Backblaze, Inc. (NASDAQ:BLZEGet Free Report) VP Tina Cessna sold 2,715 shares of Backblaze stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $6.64, for a total transaction of $18,027.60. Following the transaction, the vice president now owns 113,895 shares in the company, valued at approximately $756,262.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Tina Cessna also recently made the following trade(s):

  • On Tuesday, May 21st, Tina Cessna sold 2,212 shares of Backblaze stock. The stock was sold at an average price of $6.75, for a total value of $14,931.00.
  • On Tuesday, March 26th, Tina Cessna sold 20,000 shares of Backblaze stock. The shares were sold at an average price of $9.95, for a total value of $199,000.00.
  • On Monday, February 26th, Tina Cessna sold 2,129 shares of Backblaze stock. The stock was sold at an average price of $9.84, for a total value of $20,949.36.

Backblaze Stock Up 1.2 %

Shares of BLZE traded up $0.08 during midday trading on Thursday, hitting $6.78. The company had a trading volume of 633,864 shares, compared to its average volume of 372,313. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.34. Backblaze, Inc. has a 52 week low of $3.50 and a 52 week high of $12.65. The company’s 50 day moving average price is $9.18 and its 200 day moving average price is $8.52. The stock has a market cap of $281.37 million, a price-to-earnings ratio of -4.77 and a beta of 1.21.

Analyst Upgrades and Downgrades

BLZE has been the topic of a number of recent research reports. B. Riley boosted their target price on shares of Backblaze from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Raymond James boosted their price objective on shares of Backblaze from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Finally, Oppenheimer raised their target price on Backblaze from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th.

View Our Latest Research Report on BLZE

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Cutler Group LLC CA lifted its position in shares of Backblaze by 553.0% in the 4th quarter. Cutler Group LLC CA now owns 3,918 shares of the company’s stock worth $29,000 after buying an additional 3,318 shares during the last quarter. AJOVista LLC bought a new position in Backblaze in the fourth quarter worth about $67,000. Dynamic Technology Lab Private Ltd acquired a new position in Backblaze in the fourth quarter valued at approximately $76,000. Tower Research Capital LLC TRC bought a new position in shares of Backblaze during the fourth quarter valued at approximately $86,000. Finally, Jump Financial LLC acquired a new stake in shares of Backblaze during the 3rd quarter worth approximately $121,000. Institutional investors own 54.03% of the company’s stock.

About Backblaze

(Get Free Report)

Backblaze, Inc, a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases.

Further Reading

Insider Buying and Selling by Quarter for Backblaze (NASDAQ:BLZE)

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