BackblazeBLZE
Market Cap: $247M
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
106% more call options, than puts
Call options by funds: $1.67M | Put options by funds: $809K
0% more funds holding
Funds holding: 95 [Q1] → 95 (+0) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
0% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 25
0% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 28
2.36% less ownership
Funds ownership: 39.64% [Q1] → 37.28% (-2.36%) [Q2]
38% less capital invested
Capital invested by funds: $152M [Q1] → $95.2M (-$57.2M) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Craig-Hallum Chad Bennett 50% 1-year accuracy 4 / 8 met price target | 74%upside $10 | Buy Maintained | 9 Aug 2024 |
Oppenheimer Ittai Kidron 50% 1-year accuracy 20 / 40 met price target | 74%upside $10 | Outperform Maintained | 9 Aug 2024 |
Financial journalist opinion
Based on 5 articles about BLZE published over the past 30 days