![]() The shares were sold at an average price of 7.35, for a total value of 14,700.00. The shares were sold at an average price of 7.49, for a total transaction of 14,980.00. Following the sale, the insider now directly owns 420,000 shares in the company, valued at 3,145,800. That’s up 6.4% in after-hours trading and 109.3% from the stock’s initial public offering price. Backblaze Inc is seeking to hire investment banks for an initial public offering (IPO) in 2021 that could value the cloud storage and backup software provider at around 1 billion, people familiar. ![]() Backblaze ( BLZE) has risen in all four of its trading sessions since going public last week. ![]() 17, 2022 (GLOBE NEWSWIRE) - Backblaze, Inc. 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. The stock has been on fire on no apparent news other than enthusiasm for its IPO. BLZE offers consumers and businesses subscriptions for cloud-based computer storage and backup.(Nasdaq: BLZE), a leading storage cloud platform, today announced results for its fourth quarter and year ended December 31. The 5 analysts offering 12-month price forecasts for Backblaze Inc have a median target of 13.00, with a high estimate of 18.00 and a low estimate of 11.50.The company sold 6.3M Class A shares last week at the midpoint of its IPO’s expected $15-$17/share range. About a week later, the company set an IPO price of 16. New Transfer Solution Establishes Easy Path From Any Source to B2 Cloud Storage. However, sparks flew for the stock from its first trading day last Thursday. Finally, BLZE stock started trading on the Nasdaq on Nov. Cloud backup and storage provider Backblaze reported a 27 percent revenue bounce in calendar Q1 to 19.5 million, with losses deepening to 12.5 million versus the year-ago loss of 3.7 million. The Backblaze Storage Cloud provides a foundation for businesses, developers, IT professionals, and individuals to build applications, host content, manage media, back up and archive data, and. The stock jumped 24 on that first day, and then rose another 12 to 22.31. B2 cloud storage revenues were up 48 per cent year-on-year to 7 million, 36 percent of total revenue, while computer backup, the other segment, reached 12. SAN MATEO, Calif., Ap(GLOBE NEWSWIRE) - Backblaze, Inc. BLZE saw its stock rally 24.4% in its first session to close at $19.90, and the stock’s price has only stoked higher from there. Backblaze è allavanguardia nei servizi affidabili, economici e scalabili di archiviazione e di backup sul cloud.Seeking Alpha contributor The Value Investor does a deep dive into BLZE here.Shares have risen 10% to 20% or more in each the company’s first four sessions. Backblaze (NASDAQ: BLZE) was fire Monday for the third straight session since its IPO last week, up some 16% on the day and roughly 60% since the cloud-storage firm went public last Thursday. Backblaze ( BLZE) was rising on no apparent news other than continued enthusiasm for its initial public offering.BLZE rose as much as 29.7% to $28.59 before pulling back to close at $25.50, ahead 15.7% for the day and 59.4% since the stock staged an IPO at $16 a share.Soluzioni di archiviazione dati per backup online personali e aziendali. BLZE provides business and consumer clients with subscription cloud-based computer storage and backup services.The stock popped 24.4% last Thursday in its first trading session, then added another 10.8% Friday and extended its rally to a third day on Monday. Backblaze ( BLZE) last week raised $100M selling roughly 6.3M Class A shares at the midpoint of the IPO’s expected $15-$17/share range.The company competes with the likes of S3 service from Amazon (NASDAQ: AMZN), Azure from Microsoft (NASDAQ: MSFT) and Google Cloud from Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). Additionally, company executives and pre-IPO investors own Class B shares that carry 10 votes each vs.BLZE also gave underwriters the option to buy 937,500 extra Class A shares for overallotments. ![]() one for every Class A share, giving Class B stockholders 97% of the voting power. ![]() Seeking Alpha contributor The Value Investor analyzes BLZE’s future prospects here. ![]()
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