Insiders Trades
Backblaze, Inc. Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest was filed 29 Aug 2023.
Backblaze, Inc.: what insiders have been doing
Every trade that managers of Backblaze, Inc. disclose to SEC (Form 4) is tracked on this page. The company sits in the Technology sector and is based in San Mateo, United States. It was founded in 2007. From 18 October 2025 to 18 October 2026, the disclosure feed for Backblaze, Inc. logged 22 filings by 7 insiders.
No insider bought on the market over the period, while 2 insiders filed 2 sales totalling €202k. The largest single trade was a sale of €174k by Budman Gleb, published on 24 August 2026, equal to 0.024% of the market capitalisation.
Filings reach the SEC (Form 4) feed a median of 4 days after the trade. US insiders must file a Form 4 within two business days of a trade. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify.
With 22 filings in twelve months, the company is more active than the median of 19 filings across the 5,808 companies we follow on the same exchange. Since 2021, the database holds 1 purchase and 450 sales by insiders of the company. In its latest annual report filed with the SEC (10-K, fiscal year ended 31 December 2025), the company reported revenue of 145.8 m USD and net income of -25.6 m USD.
Elsewhere in the same sector, our signals recently picked up insider purchases at Core Scientific, Inc./tx and Gitlab Inc. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.
Insider Decl.
595
Thresholds
n/a
Buy Volume
n/a
1 ops. · all time
Sell Volume
€7M
450 ops. · all time
Who traded when
BuySaleGleb Budman2 sales
Marc Suidan1 sale
Tina Cessna1 sale
Analyst consensus: bullish or bearish?
Analysts rate Backblaze, Inc. Buy (bullish), based on 6 analysts. Average price target: US$22.83.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 19,363 of 24,148 companies
30.8
score / 100
Value36
Quality26
FCF yld2.1%
Earn yld-4.8%
EV/EBITDA·
ROE-24%
Gross mgn61%
Net mgn-18%
Debt/EBITDA15.7x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$12.51
Analyst consensus
6 analystsBuy
US$21.00Target US$22.83(+83%)US$25.00
Income statement
RevenueUS$145.8M
Gross profitUS$88.8M61% margin
EBITDAUS$3.9M3% margin
Net income-US$25.6M-13.1% margin
Valuation
PER (forward)46.3x
P/Book8.7x
Beta1.57
Balance sheet & cash
Market capUS$774.4M
Total debtUS$61.6M
Free Cash FlowUS$11.3M
Debt / Equity93%
Profitability & ownership
ROE-24.3%
ROA-3.5%
% insiders4.5%
% institutions58.4%
Last declaration on 24 August 2026
Declarations595 total
11,083 shares@ US$16.240.021% mcap25.6% of flowClass A Common StockSEC:0001628280-26-058707:0
2,110 shares@ US$15.820.0040% mcap4.7% of flowClass A Common StockSEC:0001628280-26-058707:1
11,083 shares@ US$16.240.021% mcap5.2% of flowClass A Common StockSEC:0001628280-26-058708:0
12,855 shares@ US$15.820.024% mcap5.9% of flowClass A Common StockSEC:0001628280-26-058708:1
19,306 shares0Class A Common StockSEC:0001628280-26-039493:0
19,306 shares0Class A Common StockSEC:0001628280-26-039494:0
19,306 shares0Class A Common StockSEC:0001628280-26-039495:0
19,306 shares0Class A Common StockSEC:0001628280-26-039496:0
269 shares@ US$7.430.0002% mcap0.3% of flowClass A Common StockSEC:0001628280-26-037500:1
13,256 shares@ US$7.430.0083% mcap2.9% of flowClass A Common StockSEC:0001628280-26-037510:0
18,000 shares@ US$7.430.011% mcap3.9% of flowClass A Common StockSEC:0001628280-26-037510:1
2,500 shares@ US$3.680.0008% mcap1.3% of flowClass A Common StockSEC:0001628280-26-037500:0
18,000 shares@ US$7.430.011% mcap19.1% of flowClass A Common StockSEC:0001628280-26-037500:2
128,205 shares0Class A Common StockSEC:0001628280-26-023466:0
85,470 shares0Class A Common StockSEC:0001628280-26-023467:0
234,220 shares0Class A Common StockSEC:0001628280-26-016911:0
41,144 shares0Class A Common StockSEC:0001628280-26-014906:0
74,602 shares0Class A Common StockSEC:0001628280-26-014905:0
7,721 shares@ US$4.404.8% of flowClass A Common StockSEC:0001628280-26-011323:0
21,002 shares@ US$4.402.7% of flowClass A Common StockSEC:0001628280-26-011322:0
27,793 shares@ US$4.333.5% of flowClass A Common StockSEC:0001628280-25-053902:0
6,708 shares@ US$4.334.2% of flowClass A Common StockSEC:0001628280-25-053903:0
20,468 shares@ US$7.654.6% of flowClass A Common StockSEC:0001628280-25-041079:0
26,835 shares@ US$7.6529.3% of flowClass A Common StockSEC:0001628280-25-041077:0
6,428 shares@ US$7.654.2% of flowClass A Common StockSEC:0001628280-25-041076:0
25 of 595 declarations
About Backblaze, Inc.
Backblaze, Inc. is a U.S.-based technology company listed on the Nasdaq under the ticker BLZE, operating in the United States. Founded in 2007 by a Silicon Valley founding team, the company was built around a clear proposition: make data backup and cloud storage simpler, more open, and less expensive than legacy alternatives from large cloud providers. Backblaze went public in 2021 and has since positioned itself as an independent cloud storage platform focused on businesses and developers rather than a broad, all-purpose hyperscale cloud stack. ([backblaze.com](https://www.backblaze.com/company/about?utm_source=openai))
The business is organized around two core product lines. First, Backblaze B2 Cloud Storage is its object-storage platform, used for archival storage, backup, application data, media workflows, and increasingly AI-related and data-intensive workloads. Second, Backblaze Computer Backup is an endpoint backup solution designed to protect laptops and desktops for individuals and organizations. The company emphasizes open cloud workflows, interoperability, and a simpler pricing model versus traditional cloud vendors. In practice, Backblaze’s portfolio addresses cyber resilience, business continuity, media management, and storage infrastructure for data-heavy applications. ([ir.backblaze.com](https://ir.backblaze.com/overview/default.aspx?utm_source=openai))
Read moreShow less
Backblaze competes as an independent cloud storage specialist rather than a broad hyperscaler. That positioning is central to its brand: lower complexity, customer-friendly economics, and freedom from vendor lock-in. In recent communications, management has highlighted momentum in neocloud, AI, and developer-centric storage use cases, suggesting a deliberate move up the value chain. The company also states that it serves more than 500,000 customers across 175 countries, giving it meaningful international reach despite its relatively focused product set. Historically headquartered in San Mateo, California, Backblaze now describes itself as a fully remote, distributed company, while maintaining a California anchor. ([backblaze.com](https://www.backblaze.com/company/about?utm_source=openai))
Recent developments reinforce that strategic direction. In February 2026, Backblaze reported full-year 2025 results showing continued B2 Cloud Storage growth and commentary about serving as storage infrastructure for neocloud providers and AI-driven applications. It also launched B2 Neo to address the neocloud market and introduced an Advanced Installer and command-line interface for Computer Backup to improve IT control and automation. In 2025, the board authorized a $10 million share repurchase program. For investors, Backblaze looks like a specialized cloud software and infrastructure name with differentiated product positioning, but one that still needs to prove durable scale economics and sustained operating leverage. ([ir.backblaze.com](https://ir.backblaze.com/news/news-details/2026/Backblaze-Announces-Fourth-Quarter-and-Full-Year-2025-Financial-Results/default.aspx?utm_source=openai))
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