Backblaze Company Insiders

BLZE Stock  USD 6.05  0.11  1.79%   
Backblaze's insiders are aggressively selling. The analysis of insider sentiment suggests that all Backblaze insiders are, at present, panicking. Backblaze employs about 381 people. The company is managed by 19 executives with a total tenure of roughly 889 years, averaging almost 46.0 years of service per executive, having 20.05 employees per reported executive.

Backblaze's Insider Buying Vs Selling

0

 
Selling
 
Buying

Latest Trades

2024-11-26Gleb BudmanDisposed 10321 @ 6.42View
2024-08-23Tina CessnaDisposed 3894 @ 6.45View
2024-08-22Francis P PatchelDisposed 3261 @ 6.22View
2024-08-21Tina CessnaDisposed 3095 @ 6.34View
2024-08-20Francis P PatchelDisposed 13107 @ 6.55View
2024-08-16Barbara H NelsonDisposed 16000 @ 6.79View
2024-05-30Francis P PatchelDisposed 10328 @ 6.45View
2024-05-23Tina CessnaDisposed 2715 @ 6.64View
2024-05-21Tina CessnaDisposed 2212 @ 6.75View
2024-03-26Tina CessnaDisposed 20000 @ 9.95View
2024-02-26Tina CessnaDisposed 2129 @ 9.84View
2024-02-22Tina CessnaDisposed 1485 @ 10.85View
Monitoring Backblaze's insider sentiment can offer insights into its future performance, as insiders often have access to more information about their company's operations, financial health, and upcoming initiatives than the general public. However, it's essential to note that insider trading is regulated by securities laws, and insiders are required to disclose their trades publicly to ensure transparency and prevent unfair advantages based on non-public information.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Backblaze. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Backblaze Stock refer to our How to Trade Backblaze Stock guide.

Backblaze Management Team Effectiveness

The company has return on total asset (ROA) of (0.2025) % which means that it has lost $0.2025 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (1.0281) %, meaning that it created substantial loss on money invested by shareholders. Backblaze's management efficiency ratios could be used to measure how well Backblaze manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to -0.66. The current year's Return On Capital Employed is expected to grow to -0.85. At present, Backblaze's Total Current Assets are projected to increase significantly based on the last few years of reporting. The current year's Intangible Assets is expected to grow to about 39.3 M, whereas Net Tangible Assets are forecasted to decline to about 33.2 M.
As of February 1, 2025, Common Stock Shares Outstanding is expected to decline to about 34.9 M. The current year's Net Loss is expected to grow to about (44.2 M)

Backblaze Workforce Comparison

Backblaze is rated below average in number of employees category among its peers. The total workforce of Information Technology industry is currently estimated at about 44,822. Backblaze maintains roughly 381 in number of employees contributing less than 1% to equities under Information Technology industry.

Backblaze Profit Margins

The company has Profit Margin (PM) of (0.38) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.37) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.37.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.560.4887
Fairly Up
Slightly volatile

Backblaze Insider Trading History

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Backblaze insiders, such as employees or executives, is commonly permitted as long as it does not rely on Backblaze's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases, Backblaze insiders must file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
 
Covid
Buy/Sell Ratio# Purchases Trades# Sales TradesTotal Shares PurchasedTotal Shares Sold
2024-09-01
0.2727
3
11
 296,960 
 61,571 
2024-06-01
0.5
4
8
 82,416 
 24,523 
2024-03-01
0.2895
11
38
 131,142 
 464,452 
2023-09-01
0.25
4
16
 6,018,140 
 6,042,108 
2023-06-01
0.1196
11
92
 250,844 
 333,145 
2023-03-01
0.0562
15
267
 4,047,420 
 4,517,661 
2022-12-01
0.0182
6
330
 18,000 
 659,521 
2022-09-01
0.018
3
167
 9,000 
 340,340 
2022-06-01
0.0833
6
72
 629,264 
 2,393,049 
2021-12-01
0.1429
2
14
 18,750 
 14,848,454 

Backblaze Notable Stakeholders

A Backblaze stakeholder refers to an individual interested in an outcome of the business. Different stakeholders have different interests, and companies such as Backblaze often face trade-offs trying to please all of them. Backblaze's stakeholders can have a positive or negative influence on the entity's direction, and there are a lot of executives involved in getting Backblaze's stock to the level that pleases all shareholders. Keeping track of the stakeholders is a great way to stay on top of things affecting its ongoing price.
Damon UyedaCoFounderProfile
Nilay PatelCoFounder SalesProfile
Casey JonesCoFounderProfile
Brian WilsonCoFounderProfile
Hang KwokCoFounderProfile
Gleb BudmanCEO CoFounderProfile
Anu PatilVice OperationsProfile
Tina CessnaSenior EngineeringProfile
Tim NufireChief DirectorProfile
III CFAVice RelationsProfile
Brian BeachChief OfficerProfile
Marc SuidanChief OfficerProfile
Christopher OpatSenior OperationsProfile
David NgoChief OfficerProfile
Francis PatchelChief OfficerProfile
Marc CPAChief OfficerProfile
Thomas EsqGeneral OfficerProfile
Kevin GavinChief OfficerProfile
Robert FittChief OfficerProfile

About Backblaze Management Performance

The success or failure of an entity such as Backblaze often depends on how effective the management is. Backblaze management team is responsible for propelling the future growth in the right direction and administering and controlling the business activities and accounting for the results. Ineffective management usually contributes to failure in the company's future performance for all stakeholders equally, but most importantly, for investors. So it is important to measure the effectiveness of Backblaze management before purchasing its stock. In many ways, it's all about finding the answer to one important question - Are they doing the right thing right now? How would we assess whether the Backblaze management is utilizing all available resources in the best possible way? Also, how well is the company doing relative to others in its sector and the market as a whole? The answer can be found by analyzing a few important fundamental indicators such as return on assets and return on equity.
Last ReportedProjected for Next Year
Return On Tangible Assets(0.69)(0.66)
Return On Capital Employed(0.89)(0.85)
Return On Assets(0.52)(0.50)
Return On Equity(1.53)(1.45)
Please note, the presentation of Backblaze's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Backblaze's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Backblaze's management manipulating its earnings.

Backblaze Workforce Analysis

Traditionally, organizations such as Backblaze use manpower efficiency calculations for various incentive schemes, employee appraisal, or as an initiative to improve the processes. However, it can also be used by investors to make long-term investment decisions. The trends in the profit per employee or revenue per employee are measured by net income or revenue divided by the current number of full-time employees over a given time interval. Because workforce needs differ across sectors, these ratios could be used to compare Backblaze within its industry.

Backblaze Manpower Efficiency

Return on Backblaze Manpower

Revenue Per Employee267.8K
Revenue Per Executive5.4M
Net Loss Per Employee156.7K
Net Loss Per Executive3.1M

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