BLZE stock icon

Backblaze
BLZE

$6.26
1.79%
 

About: Backblaze Inc provides cloud storage services. The company offers services such as Backblaze B2 Cloud Storage which enables customers to store data, developers to build applications, and partners to expand their use cases. It is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases including backups, multi-cloud, application development, and ransomware protection and Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. Geographically, it derives a majority of revenue from the United States and the rest from the United Kingdom, Canada, and other regions.

Employees: 381

0
Funds holding %
of 6,689 funds
0
Analysts bullish %
of 4 analysts
0
News positive %
of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

1,798% more call options, than puts

Call options by funds: $8.27M | Put options by funds: $436K

367% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 6

118% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 17

84% more capital invested

Capital invested by funds: $81.2M [Q4 2023] → $149M (+$67.9M) [Q1 2024]

31% more funds holding

Funds holding: 72 [Q4 2023] → 94 (+22) [Q1 2024]

10.32% more ownership

Funds ownership: 28.44% [Q4 2023] → 38.77% (+10.32%) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

Research analyst outlook

4 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$11
76%
upside
Avg. target
$12.25
96%
upside
High target
$14
124%
upside

4 analyst ratings

positive
100%
neutral
0%
negative
0%
Oppenheimer
Ittai Kidron
108%upside
$13
Outperform
Maintained
17 Apr 2024
Raymond James
Simon Leopold
124%upside
$14
Outperform
Maintained
16 Feb 2024
Oppenheimer
Ittai Kidron
76%upside
$11
Outperform
Maintained
16 Feb 2024
B. Riley Securities
Zach Cummins
76%upside
$11
Buy
Maintained
9 Feb 2024

Financial journalist opinion

Based on 3 articles about BLZE published over the past 30 days