Backblaze Inc’s recently made public that its CEO and Chairperson Budman Gleb unloaded Company’s shares for reported $22044.0 on Feb 28 ’25. In the deal valued at $6.30 per share,3,499 shares were sold. As a result of this transaction, Budman Gleb now holds 1,863,857 shares worth roughly $9.51 million.
Then, Budman Gleb sold 2,863 shares, generating $18,924 in total proceeds. Upon selling the shares at $6.61, the CEO and Chairperson now owns 1,867,356 shares.
Before that, Suidan Marc sold 2,413 shares. Backblaze Inc shares valued at $15,202 were divested by the Chief Financial Officer at a price of $6.30 per share. As a result of the transaction, Suidan Marc now holds 305,791 shares, worth roughly $1.56 million.
Needham initiated its Backblaze Inc [BLZE] rating to a Buy in a research note published on March 11, 2025; the price target was $8. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in early December with a ‘”an Outperform”‘ rating. Raymond James began covering BLZE with “an Outperform” recommendation on December 06, 2021. Oppenheimer started covering the stock on December 06, 2021. It rated BLZE as “an Outperform”.
Price Performance Review of BLZE
On Tuesday, Backblaze Inc [NASDAQ:BLZE] saw its stock jump 2.41% to $5.10. Over the last five days, the stock has lost -17.61%. Backblaze Inc shares have fallen nearly -15.28% since the year began. Nevertheless, the stocks have fallen -56.71% over the past one year. While a 52-week high of $11.70 was reached on 02/18/25, a 52-week low of $4.91 was recorded on 03/10/25. SMA at 50 days reached $6.41, while 200 days put it at $6.44.
Levels Of Support And Resistance For BLZE Stock
The 24-hour chart illustrates a support level at 4.99, which if violated will result in even more drops to 4.89. On the upside, there is a resistance level at 5.22. A further resistance level may holdings at 5.34. The Relative Strength Index (RSI) on the 14-day chart is 31.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.88%. Stochastics %K at 6.00% indicates the stock is a buying.
The most recent change occurred on December 06, 2021 when Lake Street began covering the stock and recommended ‘”a Buy”‘ rating along with a $28 price target.
