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
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
30 May 24	SellUS$66,642	Francis Patchel	Individual	10,328	US$6.46
23 May 24	SellUS$48,153	Tina Cessna	Individual	7,188	US$6.75
23 May 24	SellUS$46,940	Francis Patchel	Individual	7,007	US$6.75
26 Feb 24	SellUS$81,164	Francis Patchel	Individual	7,986	US$11.39
26 Feb 24	SellUS$50,318	Tina Cessna	Individual	4,951	US$11.39
23 Feb 24	SellUS$1,598,777	Gleb Budman	Individual	150,000	US$11.42
21 Feb 24	SellUS$32,543	Gleb Budman	Individual	2,835	US$11.50
21 Feb 24	SellUS$28,824	Francis Patchel	Individual	2,511	US$11.50
21 Feb 24	SellUS$14,590	Tina Cessna	Individual	1,271	US$11.50

Insider Trading Volume

Insider Buying: BLZE insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of BLZE?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	2,006,504	3.96%
VC/PE Firms	3,594,030	7.1%
Institutions	17,141,913	33.8%
General Public	27,907,553	55.1%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 34.7%.

Top Shareholders

Top 25 shareholders own 37.66% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
7.1%	TMT Investments PLC	3,594,030	US$21.6m	0%	no data
5.65%	BlackRock, Inc.	2,861,331	US$17.2m	10.1%	no data
3.66%	The Vanguard Group, Inc.	1,853,992	US$11.2m	5.01%	no data
3.33%	Gleb Budman	1,686,251	US$10.2m	1.16%	no data
3.13%	Whetstone Capital Advisors, LLC	1,587,009	US$9.6m	-0.86%	3.82%
2.19%	First Eagle Investment Management, LLC	1,110,590	US$6.7m	1.47%	0.01%
1.71%	Geode Capital Management, LLC	864,562	US$5.2m	2.56%	no data
1.2%	State Street Global Advisors, Inc.	606,313	US$3.6m	29.7%	no data
1.06%	Oberweis Asset Management, Inc.	538,700	US$3.2m	0%	0.12%
1.01%	Millennium Management LLC	513,929	US$3.1m	-20.7%	no data
0.77%	Renaissance Technologies LLC	387,616	US$2.3m	180%	no data
0.67%	Connor, Clark & Lunn Investment Management Ltd.	339,882	US$2.0m	45.5%	0.01%
0.62%	Driehaus Capital Management LLC	315,636	US$1.9m	0.55%	0.01%
0.62%	Northern Trust Global Investments	313,257	US$1.9m	251%	no data
0.59%	Scalar Gauge Management, LLC	300,887	US$1.8m	19.9%	0.86%
0.55%	Citadel Advisors LLC	279,765	US$1.7m	117%	no data
0.54%	Marshall Wace LLP	276,018	US$1.7m	-23%	no data
0.49%	Two Sigma Investments, LP	245,699	US$1.5m	-28.2%	no data
0.48%	Qube Research & Technologies Ltd	242,690	US$1.5m	5.81%	no data
0.42%	Acadian Asset Management LLC	213,819	US$1.3m	-66.2%	no data
0.42%	Castleknight Management LP	212,400	US$1.3m	50.6%	0.15%
0.4%	Gilder Gagnon Howe & Co. LLC	204,995	US$1.2m	-1.4%	0.01%
0.36%	Two Sigma Advisers, LP	180,400	US$1.1m	-37%	no data
0.35%	Squarepoint OPS LLC	175,700	US$1.1m	51.4%	no data
0.33%	Norges Bank Investment Management	169,300	US$1.0m	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/02 07:14
End of Day Share Price	2025/01/02 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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 here.

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 .

Analyst Sources

Backblaze, Inc. is covered by 8 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
Jeffrey Van Rhee	Craig-Hallum Capital Group LLC