Backblaze (BLZE)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	7.63 mm	7.63 mm	7.63 mm	7.63 mm	7.63 mm	7.63 mm
Cash burn (monthly)	2.11 mm	621.83 k	4.25 mm	3.86 mm	(no burn)	(no burn)
Cash used (since last report)	10.67 mm	3.15 mm	21.52 mm	19.56 mm	n/a	n/a
Cash remaining	-3.04 mm	4.48 mm	-13.89 mm	-11.92 mm	n/a	n/a
Runway (months of cash)	-1.4	7.2	-3.3	-3.1	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Backblaze earnings reports.

Institutional ownership, Q3 2024

BLZE institutional ownership history Ownership history

32.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	102	97	+5.2%
Opened positions	21	28	-25.0%
Closed positions	16	24	-33.3%
Increased positions	36	26	+38.5%
Reduced positions	28	27	+3.7%

13F shares	Current	Prev Q	Change
Total value	90.77 bn	78.46 bn	+15.7%
Total shares	16.27 mm	15.47 mm	+5.2%
Total puts	77.90 k	75.90 k	+2.6%
Total calls	31.00 k	241.10 k	-87.1%
Total put/call ratio	2.5	0.3	+698.2%

Largest owners	Shares	Value	Change
BlackRock	2.86 mm	$18.28 bn	NEW
Vanguard	1.85 mm	$11.85 bn	+5.0%
Whetstone Capital Advisors	1.59 mm	$10.14 mm	-0.9%
First Eagle Investment Management	1.11 mm	$7.10 bn	+1.5%
Geode Capital Management	864.56 k	$5.53 bn	+2.6%
STT State Street	606.31 k	$3.87 bn	+29.7%
Oberweis Asset Management	538.70 k	$3.44 bn	0.0%
Millennium Management	513.93 k	$3.28 bn	-20.7%
Renaissance Technologies	387.62 k	$2.48 bn	+180.4%
Connor, Clark & Lunn Investment Management	339.88 k	$2.17 bn	+45.5%

Largest transactions	Shares	Bought/sold	Change
BlackRock	2.86 mm	+2.86 mm	NEW
BLK BlackRock	0.00	-2.60 mm	EXIT
Acadian Asset Management	213.82 k	-418.95 k	-66.2%
Renaissance Technologies	387.62 k	+249.40 k	+180.4%
NTRS Northern Trust	313.26 k	+224.02 k	+251.0%
GS The Goldman Sachs Group, Inc.	220.10 k	+173.81 k	+375.4%
Norges Bank	0.00	-169.30 k	EXIT
Citadel Advisors	279.77 k	+151.04 k	+117.3%
Los Angeles Capital Management & Equity Research	147.80 k	+147.80 k	NEW
STT State Street	606.31 k	+138.92 k	+29.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

BLZE insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
29 Nov 24	Marc Suidan	Class A Common Stock	Grant	Acquire A	No	No	0	300,000	0.00	300,000
26 Nov 24	Gleb Budman	Class A Common Stock	Sell	Dispose S	No	No	6.42	10,321	66.26 k	1,864,646
26 Nov 24	Tina Cessna	Class A Common Stock	Sell	Dispose S	No	No	6.42	8,874	56.97 k	144,566
23 Aug 24	Francis P Patchel	Class A Common Stock	Sell	Dispose S	No	No	6.45	4,240	27.35 k	148,245
23 Aug 24	Gleb Budman	Class A Common Stock	Sell	Dispose S	No	No	6.45	4,527	29.20 k	1,874,967
22 Aug 24	Francis P Patchel	Class A Common Stock	Sell	Dispose S	No	No	6.22	3,261	20.28 k	152,485
22 Aug 24	Gleb Budman	Class A Common Stock	Sell	Dispose S	No	No	6.22	3,482	21.66 k	1,879,494
21 Aug 24	Francis P Patchel	Class A Common Stock	Sell	Dispose S	No	No	6.34	3,370	21.37 k	155,746
21 Aug 24	Gleb Budman	Class A Common Stock	Sell	Dispose S	No	No	6.34	3,599	22.82 k	1,882,976