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 7,425 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
173% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 11
127% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 22
34% more capital invested
Capital invested by funds: $104M [Q3] → $140M (+$35.8M) [Q4]
17% more funds holding
Funds holding: 102 [Q3] → 119 (+17) [Q4]
7.91% more ownership
Funds ownership: 37.93% [Q3] → 45.84% (+7.91%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
76% less call options, than puts
Call options by funds: $97K | Put options by funds: $403K
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$8
77%
upside
Avg. target
$10
122%
upside
High target
$11
144%
upside
3 analyst ratings
3 positive
100%
0 neutral
0%
0 negative
0%
Needham Matt Dezort 0% 1-year accuracy 0 / 10 met price target | 77%upside $8 | Buy Initiated | 11 Mar 2025 |
Lake Street Eric Martinuzzi 36% 1-year accuracy 10 / 28 met price target | 144%upside $11 | Buy Maintained | 26 Feb 2025 |
B. Riley Securities Zach Cummins 27% 1-year accuracy 4 / 15 met price target | 144%upside $11 | Buy Maintained | 18 Feb 2025 |
Financial journalist opinion
Based on 11 articles about BLZE published over the past 30 days
Neutral
PRNewsWire
2 days ago
Backblaze Investor News: Rosen Law Firm Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE
NEW YORK , April 25, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of 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
Accesswire
2 days ago
Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Backblaze, Inc. (BLZE) And Encourages Investors to Reach Out
NEW YORK, NY / ACCESS Newswire / April 25, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Backblaze, Inc. ("Backblaze" or "the Company") (NASDAQ:BLZE). Investors who purchased Backblaze securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/BLZE.
Neutral
Accesswire
2 days ago
Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Backblaze, Inc. (BLZE) And Encourages Investors to Reach Out
NEW YORK, NY / ACCESS Newswire / April 25, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Backblaze, Inc. ("Backblaze" or "the Company") (NASDAQ:BLZE). Investors who purchased Backblaze securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/BLZE.
Neutral
Business Wire
3 days ago
BLZE Investors Have Opportunity to Join Backblaze, Inc. Fraud Investigation with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)--BLZE Investors Have Opportunity to Join Backblaze, Inc. Fraud Investigation with the Schall Law Firm.
Neutral
Accesswire
3 days ago
Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Backblaze, Inc. (BLZE) And Encourages Stockholders to Reach Out
NEW YORK, NY / ACCESS Newswire / April 24, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Backblaze, Inc. ("Backblaze" or "the Company") (NASDAQ:BLZE). Investors who purchased Backblaze securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/BLZE.
Neutral
Accesswire
3 days ago
Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Backblaze, Inc. (BLZE) And Encourages Stockholders to Reach Out
NEW YORK, NY / ACCESS Newswire / April 24, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Backblaze, Inc. ("Backblaze" or "the Company") (NASDAQ:BLZE). Investors who purchased Backblaze securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/BLZE.
Neutral
Business Wire
3 days ago
Rosen Law Firm Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation – BLZE
NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of 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
Business Wire
1 week ago
Backblaze to Announce First Quarter 2025 Results on May 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 first quarter ending March 31, 2025 on Wednesday, May 7, 2025 after market close. Following the release of results, Backblaze will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) on May 7, 2025 to discuss the results. Attend the webcast: https://events.q4inc.com/attendee/343201800 Re.
Neutral
Business Wire
2 weeks ago
Backblaze B2 Cloud Storage Scalable Application Keys Innovation Wins NAB Show 2025 Product of the Year
SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #Cloud--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced they were the recipient of the National Association of Broadcasters (NAB) Show 2025 Product of the Year Award in the Cloud Computing and Storage category for the Scalable Application Keys feature released for their Backblaze B2 Cloud Storage platform. Organizations managing feeds from large networks of cameras and devices.
Neutral
Business Wire
3 weeks ago
Backblaze and PureNodal Partner to Accelerate AI at Scale Delivering Cost-Effective, Enterprise-Grade Solutions for AI and HPC Workloads
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 partnership with PureNodal, a next-generation cloud platform purpose-built for AI and high-performance compute (HPC) workloads. Together, the two companies will deliver an efficient, high-performance, and cost-effective solution for enterprise-scale workloads such as AI model training, data analytics, and media rendering.
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