BackblazeBLZE
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
0
Funds holding %
of 7,323 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 2 (+1) [Q1 2025]
76% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 29
1.88% less ownership
Funds ownership: 45.84% [Q4 2024] → 43.96% (-1.88%) [Q1 2025]
6% less funds holding
Funds holding: 118 [Q4 2024] → 111 (-7) [Q1 2025]
11% less call options, than puts
Call options by funds: $313K | Put options by funds: $352K
18% less capital invested
Capital invested by funds: $140M [Q4 2024] → $115M (-$24.5M) [Q1 2025]
19% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 21
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$7
36%
upside
Avg. target
$7
36%
upside
High target
$7
36%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
JMP Securities Rustam Kanga | 36%upside $7 | Market Outperform Initiated | 24 Jun 2025 |
Financial journalist opinion
Based on 10 articles about BLZE published over the past 30 days
Neutral
Business Wire
1 day ago
Backblaze Advances Key Enterprise Security Features in Latest Platform Update
SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #AI--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced a suite of powerful new security features to help customers prevent, detect, and mitigate security risks related to their data. These product enhancements add to Backblaze's existing robust foundational security capabilities, including SOC 2 certified architecture and physical security, server-side encryption for data at r.
Neutral
Business Wire
6 days ago
Backblaze Launches Legal Hold to Support Data Loss Prevention and Litigation Readiness for Businesses
SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #Backup--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator delivering a modern alternative to traditional backup providers, today introduced Legal Hold for Backblaze Computer Backup with Enterprise Control. The feature empowers businesses to preserve a user's entire backup, including every historical version captured, with a single click, ensuring rapid compliance with legal, regulatory, or HR data-retention requirements while maintaining the same predictabl.
Neutral
Business Wire
1 week ago
Backblaze Fuels Open Cloud Revolution with Data Region Expansion, Doubling Down on High-Performance Storage for AI, High Performance Compute (HPC), and Media Workflows
SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #Ai--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced a significant expansion of its data center presence in its US-East region. This strategic growth further strengthens Backblaze's commitment to the open cloud and enhances the high-speed data transfer capabilities available for B2 Overdrive customers, the Backblaze Cloud Storage platform, and members of the Internet2 commun.
Neutral
Business Wire
1 week ago
Backblaze to Announce Second Quarter 2025 Results on August 7, 2025
SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, will report financial results for its second quarter ending June 30, 2025 on Thursday, August 7, 2025 before market open. Following the release of results, Backblaze will host a conference call and webcast at 5:00 a.m. PT (8:00 a.m. ET) on August 7, 2025 to discuss the results. Attend the webcast: https://events.q4inc.com/attendee/6664988.
Neutral
PRNewsWire
2 weeks ago
Rosen Law Firm Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE
NEW YORK , July 13, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public. So What: If you purchased Backblaze securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
Neutral
GlobeNewsWire
2 weeks ago
Backblaze Investor News: If You Have Suffered Losses in Backblaze, Inc. (NASDAQ: BLZE), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
NEW YORK, July 09, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public.
Neutral
PRNewsWire
3 weeks ago
Rosen Law Firm Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE
NEW YORK , July 8, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public. So What: If you purchased Backblaze securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
Neutral
GlobeNewsWire
3 weeks ago
Backblaze Investor News: If You Have Suffered Losses in Backblaze, Inc. (NASDAQ: BLZE), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
NEW YORK, July 06, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public.
Neutral
GlobeNewsWire
3 weeks ago
Backblaze Investor News: If You Have Suffered Losses in Backblaze, Inc. (NASDAQ: BLZE), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
NEW YORK, July 03, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public.
Neutral
PRNewsWire
4 weeks ago
Rosen Law Firm Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE
NEW YORK , July 2, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public. So What: If you purchased Backblaze securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
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