Braze, Inc. (NASDAQ:BRZE) Insider Sells $335,603.80 in Stock

Braze, Inc. (NASDAQ:BRZE) insider Myles Kleeger sold 8,365 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $40.12, for a total transaction of $335,603.80. Following the completion of the transaction, the insider now directly owns 168,882 shares of the company’s stock, valued at $6,775,545.84. This represents a 4.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Myles Kleeger also recently made the following trade(s):

• On Tuesday, February 18th, Myles Kleeger sold 7,149 shares of Braze stock. The stock was sold at an average price of $40.82, for a total transaction of $291,822.18.
• On Monday, January 6th, Myles Kleeger sold 10,000 shares of Braze stock. The stock was sold at an average price of $45.43, for a total transaction of $454,300.00.
• On Wednesday, December 18th, Myles Kleeger sold 37,900 shares of Braze stock. The stock was sold at an average price of $45.11, for a total transaction of $1,709,669.00.
• On Monday, December 16th, Myles Kleeger sold 2,100 shares of Braze stock. The stock was sold at an average price of $45.00, for a total transaction of $94,500.00.

Braze Price Performance

BRZE traded down $0.18 on Thursday, reaching $40.66. 1,315,267 shares of the company’s stock were exchanged, compared to its average volume of 1,127,326. The stock has a market cap of $4.21 billion, a PE ratio of -35.67 and a beta of 1.13. Braze, Inc. has a twelve month low of $29.18 and a twelve month high of $59.12. The stock’s fifty day moving average price is $43.49 and its 200-day moving average price is $39.00.

Hedge Funds Weigh In On Braze

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Braze by 21.1% during the fourth quarter. Vanguard Group Inc. now owns 8,464,161 shares of the company’s stock worth $354,479,000 after purchasing an additional 1,476,423 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in Braze by 2.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,693,357 shares of the company’s stock worth $112,798,000 after purchasing an additional 63,000 shares during the period. JPMorgan Chase & Co. raised its stake in Braze by 27.7% during the fourth quarter. JPMorgan Chase & Co. now owns 2,309,244 shares of the company’s stock worth $96,711,000 after purchasing an additional 500,667 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Braze by 121.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,197,407 shares of the company’s stock worth $92,028,000 after purchasing an additional 1,203,149 shares during the period. Finally, Invesco Ltd. raised its stake in Braze by 107.0% during the fourth quarter. Invesco Ltd. now owns 1,963,841 shares of the company’s stock worth $82,246,000 after purchasing an additional 1,015,007 shares during the period. 90.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of Braze from $37.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company decreased their target price on shares of Braze from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 26th. Needham & Company LLC restated a “buy” rating and set a $50.00 target price on shares of Braze in a research report on Monday, February 3rd. William Blair restated an “outperform” rating on shares of Braze in a research report on Thursday, December 19th. Finally, Oppenheimer restated an “outperform” rating and set a $51.00 target price on shares of Braze in a research report 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.74.

Braze Company Profile

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.