Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Backblaze Inc shares valued at $22,044 were sold by Budman Gleb on Feb 28 ’25. At $6.30 per share, Budman Gleb sold 3,499 shares. The insider’s holdings dropped to 1,863,857 shares worth approximately $9.47 million following the completion of this transaction.
Also, Budman Gleb sold 2,863 shares, netting a total of over 18,924 in proceeds. Following the sale of shares at $6.61 each, the insider now holds 1,867,356 shares.
Before that, Suidan Marc had sold 2,413 shares from its account. In a trade valued at $15,202, the Chief Financial Officer traded Backblaze Inc shares for $6.30 each. Upon closing the transaction, the insider’s holdings decreased to 2,413 shares, worth approximately $1.55 million.
As published in their initiating research note from Needham on March 11, 2025, Backblaze Inc [BLZE] has been a Buy and the price target has been revised to $8. Analysts at William Blair started covering the stock with ‘”an Outperform”‘ outlook in a report released in early December. As of December 06, 2021, Raymond James has initiated its “an Outperform” rating for BLZE. Earlier on December 06, 2021, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for BLZE stock.
Analyzing BLZE Stock Performance
On last trading session,, Backblaze Inc [NASDAQ: BLZE] plunged -1.17% to $5.08. The stock’s lowest price that day was $4.99, but it reached a high of $5.14 in the same session. During the last five days, there has been a drop of approximately -6.45%. Over the course of the year, Backblaze Inc shares have dropped approximately -15.61%. Shares of the company reached a 52-week high of $7.83 on 02/18/25 and a 52-week low of $3.94 on 04/24/25.
Support And Resistance Levels for Backblaze Inc (BLZE)
According to the 24-hour chart, there is a support level at 5.00, which, if violated, would cause prices to drop to 4.92. In the upper region, resistance lies at 5.15. The next price resistance is at 5.22. RSI (Relative Strength Index) is 40.99 on the 14-day chart, showing neutral technical sentiment.
Is Backblaze Inc subject to short interest?
Stocks of Backblaze Inc saw a sharp steep in short interest on 2025-05-30 dropping by -0.14 million shares to 1.22 million. Data from Yahoo Finance shows that the short interest on 2025-04-30 was 1.37 million shares. A decline of -11.79% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.47 of the overall float, the days-to-cover ratio (short ratio) decline to 2.47.
Which companies own the most shares of Backblaze Inc (BLZE)?
In terms of Backblaze Inc share price expectations, FactSet research, analysts set an average price target of 8 in the next 12 months, up nearly 55.64% from the previous closing price of $5.14. Analysts anticipate Backblaze Inc stock to reach 8 by 2025, with the lowest price target being 8. In spite of this, 2 analysts ranked Backblaze Inc stock as Buy at the end of 2025. On December 06, 2021, Lake Street assigned a price target of “a Buy” to the stock and initiated coverage with a $28.
