cloud backblaze nasdaq friday 650mnovetcnbc

The company’s subscription-based products compete with larger rivals like the S3 service from Amazon (NASDAQ: AMZN), Azure from Microsoft (NASDAQ: MSFT) and Google Cloud from Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). BLZE offers cloud-based computer storage and backup services to both businesses and consumers.Thursday’s rally boosted that up to about $582.5M. Assuming both carry the same price, that valued the company at about $468M on a non-diluted basis as of its IPO. Backblaze ( BLZE) will have a total of about 29.3M Class A and B shares outstanding going forward.one vote for Class A shares, giving insiders about 97% of BLZE’s voting power. The company also has Class B shares for executives and pre-IPO investors.BLZE also granted underwriters the option to buy 937,500 extra Class A shares for overallotments. The firm’s initial public offering raised $100M by selling some 6.3M Class A shares at the midpoint of their expected $15-$17/share range.Shares later pulled back, but still ended the day ahead 24.4% at $19.90. BLZE shot up to as high as a $22.25 intraday, up 39.1% from the stock’s $16-a-share IPO price.Backblaze (NASDAQ: BLZE) soared nearly 40% intraday Thursday in its first trading session following an IPO that valued the cloud-storage firm at just under $500M.Royal Bank of Canada grew its stake in shares of Backblaze by 275.9% in the first quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Backblaze in the fourth quarter worth $29,000. Institutional investors have recently modified their holdings of the business. Six equities research analysts have rated the stock with a buy rating, According to data from, Backblaze presently has a consensus rating of 'Buy' and a consensus target price of 20.38. Riley reduced their price target on shares of Backblaze from $23.00 to $16.50 in a research report on Friday, May 6th. Lake Street Capital reduced their price target on shares of Backblaze from $21.00 to $13.00 in a research report on Friday, May 6th. Several analysts have recently commented on the stock. will post -1.59 EPS for the current fiscal year. As a group, sell-side analysts forecast that Backblaze, Inc. Backblaze had a negative net margin of 52.11% and a negative return on equity of 62.67%. The company reported -0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of -0.30 by -0.07. The stock has a fifty day moving average price of 6.02 and a two-hundred day moving average price of 8.02.īackblaze ( NASDAQ:BLZE - Get Rating) last announced its earnings results on Tuesday, August 9th. has a 12-month low of 4.81 and a 12-month high of 36.50. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $235.53 million and a price-to-earnings ratio of -5.02. The stock had a trading volume of 111,200 shares, compared to its average volume of 130,632. NASDAQ BLZE traded down 0.12 on Monday, reaching 7.43. Three Techs To Buy Before Santa Comes To Town.Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Following the sale, the insider now directly owns 410,000 shares in the company, valued at approximately 3,054,500.

The shares were sold at an average price of 7.45, for a total transaction of 14,900.00. Jones sold 2,000 shares of Backblaze stock in a transaction that occurred on Monday, August 29th. ( NASDAQ:BLZE - Get Rating) major shareholder Charles J. 7 Stagflation Stocks to Help Navigate Periods of Low Growthīackblaze, Inc.7 Commodities ETFs to Help Build a Hedge Against Inflation.7 Dividend Stocks That Earn 10% Every Month.7 Dividend Aristocrats to Help You Take the Bite Out of the Bear.10 Recession-Proof Stocks That Will Let You Wait Out the Bear.7 Stocks with the Pricing Power to Push Through High Inflation.7 Blue-Chip Dividend Stocks That Won’t be Impacted by Rising Interest Rates.7 Mid-Cap Stocks That Can be the Perfect Fit at Any Time.7 Stocks to Buy to Outrun Rising Interest Rates.7 Sports Betting Stocks to Buy for Their Long-Term Possibilities.7 Water Stocks to Buy as the World Dries Up.Streaming Music is Driving Live Nation’s Domination.DocuSign Has Important Issues to Address When it Reports Earnings.Chip Gear Maker Entegris Has Potential, But Is It Buyable Now?.Will Royal Caribbean's Broadband Partnership Drive Revenue?.Is Alcoa A Buy After Strong Q2 Results And More Share Buybacks?.Could Nike Stock be Oversold, but Still Overvalued?.Could Snap Stock Rebound As Management Restructures?.

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Cloud backblaze nasdaq friday 650mnovetcnbc