BACKBLAZE INC BLZE
COM CL A · Common Stock · CUSIP 05637B105
- SectorTechnology
- IndustryServices-Prepackaged Software
- HeadquartersSan Francisco, CA
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Shares outstanding: 42.9m as of 2024-07-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $6.16. Options: 7 managers hold calls ($1.7m notional), 5 hold puts ($809.0k).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 32 |
| Q4 2022 | 32 |
| Q1 2023 | 36 |
| Q2 2023 | 39 |
| Q3 2023 | 57 |
| Q4 2023 | 73 |
| Q1 2024 | 96 |
| Q2 2024 | 96 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 18 | 12 |
| Q1 2023 | 22 | 12 |
| Q2 2023 | 24 | 17 |
| Q3 2023 | 45 | 9 |
| Q4 2023 | 50 | 13 |
| Q1 2024 | 65 | 23 |
| Q2 2024 | 51 | 52 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $257.4k | $33.5k | 0.13 |
| Q4 2023 | $434.2k | $12.6k | 0.03 |
| Q1 2024 | $9.3m | $447.8k | 0.05 |
| Q2 2024 | $1.7m | $809.0k | 0.49 |
Biggest buyers
| BlackRock Inc. | Added | +2.0m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +487.7k |
| First Eagle Investment Management, LLC | Added | +367.5k |
| STATE STREET CORP | Added | +352.8k |
| VANGUARD GROUP INC | Added | +312.3k |
| OBERWEIS ASSET MANAGEMENT INC/ | Added | +180.9k |
| Nuveen Asset Management, LLC | New | +119.3k |
| Bank of New York Mellon Corp | New | +113.8k |
| CastleKnight Management LP | Added | +112.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +94.4k |
Biggest sellers
| Driehaus Capital Management LLC | Sold out | -732.2k |
| MORGAN STANLEY | Reduced | -671.0k |
| Invesco Ltd. | Reduced | -309.7k |
| JPMORGAN CHASE & CO | Reduced | -297.8k |
| GOLDMAN SACHS GROUP INC | Reduced | -282.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -257.4k |
| JANE STREET GROUP, LLC | Sold out | -223.1k |
| ESSEX INVESTMENT MANAGEMENT CO LLC | Sold out | -200.2k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -153.5k |
| Walleye Capital LLC | Reduced | -145.2k |
Biggest calls
| PEAK6 Investments LLC | Reduced | $890.7k144.6k shares |
| CITADEL ADVISORS LLC | Reduced | $311.7k50.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $221.1k35.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $128.0k20.8k shares |
| Caption Management, LLC | Reduced | $61.6k10.0k shares |
| GROUP ONE TRADING LLC | Reduced | $53.0k8.6k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $356.0k57.8k shares |
| SIMPLEX TRADING, LLC | Added | $307.0k49.9k shares |
| CITADEL ADVISORS LLC | Added | $111.5k18.1k shares |
| GROUP ONE TRADING LLC | New | $34.5k5.6k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution +2.2 pts · filed 2026-07-27 | 7.5% |
Fell to 5% or below in the last year: AWM Investment Company, Inc. (2.3%, 2026-05-04), VANGUARD GROUP INC (0.0%, 2026-03-26)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 4 | $1.0m | — |
| Q4 2022 | 0 | — | 4 | $722.3k | — |
| Q1 2023 | 0 | — | 3 | $1.0m | $126.0k |
| Q2 2023 | 0 | — | 4 | $815.3k | $797.9k |
| Q3 2023 | 0 | — | 3 | $274.1k | $226.5k |
| Q4 2023 | 0 | — | 2 | $435.6k | $365.9k |
| Q1 2024 | 0 | — | 3 | $3.2m | $1.4m |
| Q2 2024 | 0 | — | 2 | $161.7k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-05-30 | Patchel Francis P Chief Financial Officer | Sold | $66.6k10.3k shares |
| 2024-05-23 | Cessna Tina Senior VP, Engineering | Sold | $18.0k2.7k shares |
| 2024-05-23 | Patchel Francis P Chief Financial Officer | Sold | $17.6k2.6k shares |
| 2024-05-22 | Cessna Tina Senior VP, Engineering | Sold | $15.2k2.3k shares |
| 2024-05-22 | Patchel Francis P Chief Financial Officer | Sold | $14.8k2.2k shares |
| 2024-05-21 | Cessna Tina Senior VP, Engineering | Sold | $14.9k2.2k shares |
| 2024-05-21 | Patchel Francis P Chief Financial Officer | Sold | $14.6k2.2k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.00% of their portfolio | 2.6m $16.0m | Added +2.0m |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.8m $10.9m | Added +312.3k |
| Whetstone Capital Advisors, LLC 4.58% of their portfolio | 1.6m $9.9m | Unchanged |
| First Eagle Investment Management, LLC 0.02% of their portfolio | 1.1m $6.7m | Added +367.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 843.0k $5.2m | Added +487.7k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 647.8k $4.0m | Reduced -153.5k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 632.8k $3.9m | Reduced -56.8k |
| OBERWEIS ASSET MANAGEMENT INC/ 0.20% of their portfolio | 538.7k $3.3m | Added +180.9k |
| STATE STREET CORP 0.00% of their portfolio | 467.4k $2.9m | Added +352.8k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 358.2k $2.2m | Reduced -46.8k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 342.1k $2.1m | Reduced -115.2k |
| MORGAN STANLEY 0.00% of their portfolio | 309.6k $1.9m | Reduced -671.0k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 286.1k $1.8m | Reduced -109.8k |
| SCALAR GAUGE MANAGEMENT, LLC 0.90% of their portfolio | 250.9k $1.5m | Added +15.0k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 233.6k $1.4m | Added +6.2k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 229.4k $1.4m | Reduced -65.9k |
| GILDER GAGNON HOWE & CO LLC 0.02% of their portfolio | 207.9k $1.3m | Reduced -11.7k |
| NORGES BANK 0.00% of their portfolio | 169.3k $1.0m | Not comparable |
| CastleKnight Management LP 0.12% of their portfolio | 141.0k $868.6k | Added +112.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 138.2k $851.4k | Reduced -57.4k |
| GSA CAPITAL PARTNERS LLP 0.06% of their portfolio | 132.8k $818.0k | Added +43.6k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 131.5k $810.2k | Reduced -114.1k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 128.7k $793.0k | Added +36.6k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 119.3k $734.7k | New |
| Squarepoint Ops LLC 0.00% of their portfolio | 116.0k $714.9k | Reduced -24.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 113.8k $700.7k | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 113.1k $696.4k | Added +94.4k |
| PERKINS CAPITAL MANAGEMENT INC 0.62% of their portfolio | 106.8k $658.0k | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 89.2k $549.7k | Added +24.1k |
| Trexquant Investment LP 0.01% of their portfolio | 83.1k $511.8k | Added +304 |
| ClariVest Asset Management LLC 0.05% of their portfolio | 75.6k $465.4k | Added +2.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 73.3k $451.8k | Reduced -297.8k |
| ExodusPoint Capital Management, LP 0.00% of their portfolio | 71.4k $440.0k | Added +28.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 66.4k $408.7k | Reduced -257.4k |
| GAGNON SECURITIES LLC 0.08% of their portfolio | 55.0k $339.1k | Added +420 |
| PDT Partners, LLC 0.03% of their portfolio | 50.6k $312.0k | New |
| Engineers Gate Manager LP 0.01% of their portfolio | 49.9k $307.1k | Reduced -2.7k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 47.5k $292.4k | Added +46.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 46.3k $285.2k | Reduced -282.5k |
| Atom Investors LP 0.03% of their portfolio | 45.0k $277.1k | Reduced -2.5k |
| Jump Financial, LLC 0.01% of their portfolio | 44.6k $275.0k | Reduced -27.7k |
| Dynamic Technology Lab Private Ltd 0.03% of their portfolio | 43.9k $270.0k | Added +21.1k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 39.5k $243.3k | Unchanged |
| Alpine Global Management, LLC 0.04% of their portfolio | 38.2k $235.3k | New |
| Quadrature Capital Ltd 0.00% of their portfolio | 35.6k $219.5k | Reduced -27.2k |
| BARCLAYS PLC 0.00% of their portfolio | 34.9k $214.7k | Reduced -16.6k |
| XTX Topco Ltd 0.02% of their portfolio | 34.9k $214.7k | Added +16.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 34.3k $211.2k | Added +24.5k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 32.6k $201.0k | Added +14.5k |
| Checchi Capital Advisers, LLC 0.02% of their portfolio | 31.1k $191.4k | Unchanged |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 28.6k $177.1k | Unchanged |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 27.3k $168.4k | Reduced -140 |
| Walleye Capital LLC 0.00% of their portfolio | 26.9k $165.7k | Reduced -145.2k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 26.6k $163.7k | New |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 25.8k $158.0k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 23.8k $146.7k | Added +3.1k |
| Cubist Systematic Strategies, LLC 0.00% of their portfolio | 23.0k $141.6k | Reduced -66.3k |
| Man Group plc 0.00% of their portfolio | 22.1k $136.0k | Reduced -59.3k |
| Corebridge Financial, Inc. 0.00% of their portfolio | 21.5k $132.5k | First filing |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.02% of their portfolio | 21.4k $131.8k | Added +5.9k |
| SG Americas Securities, LLC 0.00% of their portfolio | 21.3k $131.0k | Added +9.7k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 19.9k $122.6k | Unchanged |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 19.4k $120.9k | New |
| Invesco Ltd. 0.00% of their portfolio | 19.3k $118.7k | Reduced -309.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 16.6k $102.3k | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 16.6k $102.1k | New |
| Hillsdale Investment Management Inc. 0.01% of their portfolio | 14.5k $89.3k | Reduced -600 |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 14.1k $86.6k | New |
| Verition Fund Management LLC 0.00% of their portfolio | 13.7k $84.4k | Reduced -13.1k |
| Olympiad Research LP 0.06% of their portfolio | 13.1k $80.8k | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 12.8k $0 | New |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 12.6k $77.6k | New |
| UBS Group AG 0.00% of their portfolio | 12.2k $75.2k | Added +11.3k |
| PGIM Custom Harvest LLC 0.00% of their portfolio | 11.0k $67.8k | New |
| Worth Venture Partners, LLC 0.52% of their portfolio | 10.9k $67.0k | New |
| State of Wyoming 0.01% of their portfolio | 10.7k $65.9k | New |
| MetLife Investment Management, LLC 0.00% of their portfolio | 10.6k $65.3k | New |
| MONETA GROUP INVESTMENT ADVISORS LLC 0.00% of their portfolio | 10.1k $62.3k | New |
| GABELLI FUNDS LLC 0.00% of their portfolio | 10.0k $61.7k | Unchanged |
| Quantbot Technologies LP 0.00% of their portfolio | 9.9k $60.7k | Reduced -4.5k |
| CITIGROUP INC 0.00% of their portfolio | 8.7k $53.5k | Reduced -93.6k |
| UMB Bank, n.a. 0.00% of their portfolio | 8.0k $49.1k | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 4.4k $27.2k | New |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 3.9k $24.1k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 3.8k $23.0k | Added +3.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 2.9k $17.8k | New |
| Penserra Capital Management LLC 0.00% of their portfolio | 2.4k $15.0k | Added +164 |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 1.5k $9.2k | Unchanged |
| AMALGAMATED BANK 0.00% of their portfolio | 1.4k $9.0k | New |
| EntryPoint Capital, LLC 0.00% of their portfolio | 754 $4.6k | New |
| TOTH FINANCIAL ADVISORY CORP 0.00% of their portfolio | 501 $3.1k | Unchanged |
| HM PAYSON & CO 0.00% of their portfolio | 500 $3.1k | Unchanged |
| CIBC Private Wealth Group LLC 0.00% of their portfolio | 500 $3.1k | Unchanged |
| FMR LLC 0.00% of their portfolio | 97 $598 | Unchanged |
| Sachetta, LLC 0.00% of their portfolio | 20 $128 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |