Backblaze Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGM:BLZE Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
03 Mar 25	SellUS$33,218	Tina Cessna	Individual	5,076	US$6.61
28 Feb 25	SellUS$28,250	Marc Suidan	Individual	4,387	US$6.61
28 Feb 25	SellUS$40,968	Gleb Budman	Individual	6,362	US$6.61
26 Nov 24	SellUS$56,971	Tina Cessna	Individual	8,874	US$6.42
26 Nov 24	SellUS$66,261	Gleb Budman	Individual	10,321	US$6.42
23 Aug 24	SellUS$73,675	Gleb Budman	Individual	11,608	US$6.45
23 Aug 24	SellUS$63,374	Tina Cessna	Individual	9,985	US$6.45
23 Aug 24	SellUS$68,997	Francis Patchel	Individual	10,871	US$6.45
20 Aug 24	SellUS$85,851	Francis Patchel	Individual	13,107	US$6.55
16 Aug 24	SellUS$108,608	Barbara Nelson	Individual	16,000	US$6.79

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of BLZE?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	2,120,279	3.86%
Hedge Funds	3,043,926	5.55%
Institutions	21,715,341	39.6%
General Public	27,990,060	51%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 32.3%.

Top Shareholders

Top 25 shareholders own 40.29% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
5.9%	BlackRock, Inc.	3,237,711	US$16.3m	12.9%	no data
5.55%	AWM Investment Company Inc	3,043,926	US$15.3m	9.37%	1.87%
4.42%	The Vanguard Group, Inc.	2,422,956	US$12.2m	11.9%	no data
3.19%	Gleb Budman	1,750,344	US$8.8m	2.05%	no data
3.12%	Aigh Capital Management, LLC	1,712,321	US$8.6m	-4.87%	3.85%
1.94%	First Eagle Investment Management, LLC	1,065,390	US$5.4m	-8.19%	0.01%
1.88%	Geode Capital Management, LLC	1,029,129	US$5.2m	17.5%	no data
1.5%	Millennium Management LLC	825,422	US$4.2m	32.5%	no data
1.27%	Whetstone Capital Advisors, LLC	697,083	US$3.5m	-42.9%	1.18%
1.27%	Connor, Clark & Lunn Investment Management Ltd.	696,519	US$3.5m	36.5%	0.01%
1.25%	State Street Global Advisors, Inc.	685,778	US$3.5m	11.6%	no data
1.06%	Marshall Wace LLP	582,659	US$2.9m	50.3%	no data
0.98%	Oberweis Asset Management, Inc.	538,700	US$2.7m	0%	0.11%
0.73%	Citadel Advisors LLC	401,897	US$2.0m	45.6%	no data
0.73%	P.A.W. Capital Partners, LP	400,000	US$2.0m	25%	4.38%
0.71%	Renaissance Technologies LLC	387,616	US$2.0m	-28.9%	no data
0.7%	Northern Trust Global Investments	383,307	US$1.9m	0.73%	no data
0.66%	Morgan Stanley, Investment Banking and Brokerage Investments	361,877	US$1.8m	95.2%	no data
0.63%	Qube Research & Technologies Ltd	346,720	US$1.7m	55.1%	no data
0.57%	Driehaus Capital Management LLC	314,780	US$1.6m	-0.27%	0.01%
0.53%	Los Angeles Capital Management LLC	288,479	US$1.5m	21.6%	0.01%
0.52%	Perkins Capital Management, Inc.	285,525	US$1.4m	0.11%	1.49%
0.42%	Thompson, Siegel & Walmsley LLC	231,940	US$1.2m	-52.8%	0.01%
0.39%	Castleknight Management LP	212,400	US$1.1m	0%	0.1%
0.37%	JPMorgan Chase & Co, Brokerage and Securities Investments	203,789	US$1.0m	-19%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/06/16 11:15
End of Day Share Price	2025/06/13 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Backblaze, Inc. is covered by 10 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Zachary Cummins	B. Riley Securities, Inc.
Edward Stacey	Cavendish
Andrew Murray Darley	Cavendish