Backblaze Inc’s filing revealed that its CEO and Chairperson Budman Gleb unloaded Company’s shares for reported $29199.0 on Aug 23 ’24. In the deal valued at $6.45 per share,4,527 shares were sold. As a result of this transaction, Budman Gleb now holds 1,874,967 shares worth roughly $11.83 million.
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Then, Budman Gleb sold 3,599 shares, generating $22,818 in total proceeds. Upon selling the shares at $6.34, the CEO and Chairperson now owns 1,882,976 shares.
Before that, Budman Gleb sold 3,482 shares. Backblaze Inc shares valued at $21,658 were divested by the CEO and Chairperson at a price of $6.22 per share. As a result of the transaction, Budman Gleb now holds 1,879,494 shares, worth roughly $11.86 million.
William Blair initiated its Backblaze Inc [BLZE] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in early December with a ‘”an Outperform”‘ rating. Oppenheimer began covering BLZE with “an Outperform” recommendation on December 06, 2021. Lake Street started covering the stock on December 06, 2021. It rated BLZE as “a Buy”.
Price Performance Review of BLZE
On Tuesday, Backblaze Inc [NASDAQ:BLZE] saw its stock fall -4.39% to $6.31. Backblaze Inc shares have fallen nearly -16.86% since the year began. Nevertheless, the stocks have fallen -5.96% over the past one year. While a 52-week high of $12.65 was reached on 03/08/24, a 52-week low of $4.91 was recorded on 08/06/24. SMA at 50 days reached $6.76, while 200 days put it at $7.53.
Levels Of Support And Resistance For BLZE Stock
The 24-hour chart illustrates a support level at 6.08, which if violated will result in even more drops to 5.86. On the upside, there is a resistance level at 6.61. A further resistance level may holdings at 6.92. The Relative Strength Index (RSI) on the 14-day chart is 44.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.60%. Stochastics %K at 34.37% indicates the stock is a holding.
How much short interest is there in Backblaze Inc?
A steep rise in short interest was recorded in Backblaze Inc stocks on 2024-11-15, dropping by -0.39 million shares to a total of 0.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.28 million shares. There was a decline of -43.8%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 06, 2021 when JMP Securities began covering the stock and recommended ‘”a Mkt outperform”‘ rating along with a $30 price target.
