1 week Ago By Defense World Staff
Norges Bank acquired a new position in Backblaze, Inc. (NASDAQ:BLZE – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 129,500 shares of the company’s stock, valued at approximately $780,000.
Norges Bank owned about 0.29% of Backblaze at the end of the most recent quarter. Other institutional investors have also recently bought and sold shares of the company.
Blair William & Co. IL bought a new stake in shares of Backblaze in the 4th quarter worth approximately $185,000. JPMorgan Chase & Co.
raised its stake in shares of Backblaze by 114.7% in the fourth quarter. JPMorgan Chase & Co.
now owns 269,074 shares of the company’s stock valued at $1,620,000 after buying an additional 143,754 shares during the period. EntryPoint Capital LLC lifted its position in shares of Backblaze by 20.8% during the 4th quarter.
EntryPoint Capital LLC now owns 23,558 shares of the company’s stock valued at $142,000 after buying an additional 4,054 shares during the last quarter. Perkins Capital Management Inc. increased its holdings in Backblaze by 167.
0% in the 4th quarter. Perkins Capital Management Inc. now owns 285,225 shares of the company’s stock worth $1,717,000 after acquiring an additional 178,390 shares during the last quarter.
Finally, Quantbot Technologies LP increased its holdings in Backblaze by 60.6% in the 4th quarter. Quantbot Technologies LP now owns 11,648 shares of the company’s stock worth $70,000 after acquiring an additional 4,393 shares during the last quarter.
Institutional investors own 54.03% of the company’s stock. Backblaze Price PerformanceNASDAQ:BLZE opened at $4.
56 on Friday. Backblaze, Inc. has a 52-week low of $4.
07 and a 52-week high of $10.00. The stock has a fifty day moving average of $5.
81 and a 200 day moving average of $6.34. The company has a debt-to-equity ratio of 0.
39, a quick ratio of 0.54 and a current ratio of 0.54.
The firm has a market capitalization of $247.61 million, a price-to-earnings ratio of -4.11 and a beta of 1.
02. Wall Street Analyst Weigh InSeveral research firms have recently weighed in on BLZE. Lake Street Capital reduced their target price on shares of Backblaze from $12.
00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. B.
Riley reduced their price objective on shares of Backblaze from $11.50 to $11.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th.
Finally, Needham & Company LLC assumed coverage on shares of Backblaze in a report on Tuesday, March 11th. They set a “buy” rating and a $8.00 target price on the stock.
Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $10.83.
View Our Latest Analysis on BackblazeBackblaze Profile (Free Report)Backblaze, Inc, a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases.
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