Backblaze (BLZE) Expected to Announce Earnings on Thursday

Backblaze (NASDAQ:BLZE) is expected to be issuing its quarterly earnings data after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of ($0.09) per share and revenue of $33.73 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Backblaze Trading Up 3.0 %

NASDAQ:BLZE opened at $7.55 on Thursday. Backblaze has a 12-month low of $4.91 and a 12-month high of $12.65. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The stock’s 50 day simple moving average is $6.46 and its 200-day simple moving average is $6.48. The firm has a market cap of $335.22 million, a P/E ratio of -6.80 and a beta of 0.92.

Analyst Ratings Changes

BLZE has been the topic of several analyst reports. Craig Hallum lifted their target price on shares of Backblaze from $10.00 to $11.00 and gave the company a “buy” rating in a report on Monday, October 21st. Raymond James boosted their target price on Backblaze from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

Insider Transactions at Backblaze

In related news, CEO Gleb Budman sold 10,321 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $6.42, for a total value of $66,260.82. Following the completion of the transaction, the chief executive officer now owns 1,864,646 shares of the company’s stock, valued at approximately $11,971,027.32. The trade was a 0.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Tina Cessna sold 8,874 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $6.42, for a total transaction of $56,971.08. Following the completion of the transaction, the vice president now directly owns 144,566 shares of the company’s stock, valued at approximately $928,113.72. This represents a 5.78 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Backblaze Company Profile

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.