In a filing, Backblaze Inc revealed its CEO and Chairperson Budman Gleb unloaded Company’s shares for reported $66261.0 on Nov 26 ’24. In the deal valued at $6.42 per share,10,321 shares were sold. As a result of this transaction, Budman Gleb now holds 1,864,646 shares worth roughly $11.8 million.
Then, Cessna Tina sold 8,874 shares, generating $56,971 in total proceeds. Upon selling the shares at $6.42, the Senior VP, Engineering now owns 144,566 shares.
Before that, Budman Gleb sold 4,527 shares. Backblaze Inc shares valued at $29,199 were divested by the CEO and Chairperson at a price of $6.45 per share. As a result of the transaction, Budman Gleb now holds 1,874,967 shares, worth roughly $11.87 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 -10.59% to $6.33. Over the last five days, the stock has lost -15.49%. Backblaze Inc shares have risen nearly 5.15% since the year began. Nevertheless, the stocks have fallen -38.66% over the past one year. While a 52-week high of $12.65 was reached on 02/18/25, a 52-week low of $4.91 was recorded on 02/03/25. SMA at 50 days reached $6.56, while 200 days put it at $6.51.
Levels Of Support And Resistance For BLZE Stock
The 24-hour chart illustrates a support level at 6.07, which if violated will result in even more drops to 5.81. On the upside, there is a resistance level at 6.82. A further resistance level may holdings at 7.31. The Relative Strength Index (RSI) on the 14-day chart is 41.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.71%. Stochastics %K at 48.54% indicates the stock is a holding.
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.
