Braze, Inc. (NASDAQ:BRZE) General Counsel Sells $139,509.72 in Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 3,486 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $40.02, for a total value of $139,509.72. Following the completion of the transaction, the general counsel now directly owns 182,109 shares in the company, valued at $7,288,002.18. This trade represents a 1.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Susan Wiseman also recently made the following trade(s):

• On Tuesday, February 18th, Susan Wiseman sold 3,925 shares of Braze stock. The shares were sold at an average price of $40.82, for a total value of $160,218.50.
• On Monday, January 27th, Susan Wiseman sold 10,000 shares of Braze stock. The shares were sold at an average price of $47.22, for a total value of $472,200.00.
• On Monday, January 6th, Susan Wiseman sold 14,000 shares of Braze stock. The shares were sold at an average price of $45.52, for a total value of $637,280.00.
• On Wednesday, December 18th, Susan Wiseman sold 41,210 shares of Braze stock. The shares were sold at an average price of $45.09, for a total value of $1,858,158.90.
• On Monday, December 16th, Susan Wiseman sold 2,790 shares of Braze stock. The shares were sold at an average price of $45.00, for a total value of $125,550.00.

Braze Trading Down 0.4 %

Shares of BRZE stock traded down $0.18 during mid-day trading on Thursday, reaching $40.66. The stock had a trading volume of 1,315,267 shares, compared to its average volume of 1,127,326. The business’s fifty day moving average is $43.46 and its 200-day moving average is $39.02. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of -35.67 and a beta of 1.13. Braze, Inc. has a 1-year low of $29.18 and a 1-year high of $59.12.

Analysts Set New Price Targets

BRZE has been the subject of a number of analyst reports. Citigroup upped their price objective on Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Oppenheimer restated an “outperform” rating and set a $51.00 price objective on shares of Braze in a research note on Tuesday, December 10th. Wells Fargo & Company decreased their price objective on Braze from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Tuesday, November 26th. JPMorgan Chase & Co. decreased their price objective on Braze from $55.00 to $47.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, Stifel Nicolaus upped their price objective on Braze from $37.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.74.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BRZE. Tower Research Capital LLC TRC increased its holdings in shares of Braze by 168.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock valued at $27,000 after purchasing an additional 405 shares during the period. Aster Capital Management DIFC Ltd increased its holdings in shares of Braze by 9,188.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company’s stock valued at $35,000 after purchasing an additional 827 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Braze by 8,436.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 939 shares of the company’s stock valued at $39,000 after purchasing an additional 928 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Braze in the fourth quarter valued at about $47,000. Finally, KBC Group NV increased its holdings in shares of Braze by 41.5% in the third quarter. KBC Group NV now owns 2,097 shares of the company’s stock valued at $68,000 after purchasing an additional 615 shares during the period. 90.47% of the stock is owned by institutional investors and hedge funds.

About Braze

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data.