The insider sales are too small to be informative — monitor the next 10-Q for any fundamental changes, but no immediate action is warranted. The strong institutional accumulation and analyst consensus provide a more reliable signal than this trivial insider cluster.
Price Chart
Executive Summary
Backblaze CEO and CFO sold a combined $237K in open-market sales on August 21, 2026, with the CEO also disposing of shares to the issuer on August 20. The total open-market sales represent approximately 0.024% of the company's $978M market cap, a trivial amount that falls well below the 0.1% threshold for materiality. The cluster is small in dollar terms and likely driven by routine portfolio diversification or tax planning, not a bearish signal on fundamentals.
Key Financial Metrics
Key Facts
- CEO Gleb Budman sold 12,855 shares at $15.82 for $203K on August 21, 2026
- CFO Marc Suidan sold 2,110 shares at $15.82 for $33K on August 21, 2026
- Both CEO and CFO also disposed 11,083 shares each to the issuer at $16.24 on August 20, 2026 (non-cash disposition)
- Total open-market sales of $237K represent ~0.024% of BLZE's $978M market cap
- Institutional ownership is bullish with 85% analyst buy rating and top holders accumulating
Financial Impact
Total open-market sales of $237K, representing 0.024% of market cap — trivial relative to company size
Risk Factors
- Insider sales could accelerate if management perceives headwinds
- The company's high valuation (85% analyst buy rating) leaves limited upside if growth disappoints
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BLZE-1787608890779 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 24, 2026 9w ago | Insider Cluster | $15.28 $14.06 | ▼ −7.98% | ▼ −8.96% | $8.59 (−43.78%) |
Jul 2, 2026 16w ago | 8-K | $15.62 $12.63 | ▼ −19.14% | ▼ −18.73% | $8.59 (−45.01%) |
Jun 11, 2026 19w ago | Institutional Cluster | $7.65 $17.83 | ▲ +133.07% | ▲ +131.18% | $8.59 (+12.29%) |
Apr 15, 2026 27w ago | DEFA14A | $4.00 $7.37 | ▲ +84.25% | ▲ +78.43% | $8.59 (+114.75%) |
US Market Status
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