Backblaze
BLZE
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: 346
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
154% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 24
138% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 13
29% more capital invested
Capital invested by funds: $115M [Q1] → $148M (+$32.9M) [Q2]
15% more funds holding
Funds holding: 111 [Q1] → 128 (+17) [Q2]
5.12% more ownership
Funds ownership: 43.96% [Q1] → 49.09% (+5.12%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
23% less call options, than puts
Call options by funds: $272K | Put options by funds: $355K
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
|
JMP Securities
Rustam Kanga
|
$8
|
Market Outperform
Maintained
|
8 Aug 2025 |
|
Needham
Mike Cikos
|
$8.5
|
Buy
Maintained
|
7 Aug 2025 |
Financial journalist opinion
Based on 9 articles about BLZE published over the past 30 days
