Insider Selling: Braze, Inc. (NASDAQ:BRZE) CEO Sells 18,050 Shares of Stock

Braze, Inc. (NASDAQ:BRZEGet Free Report) CEO William Magnuson sold 18,050 shares of Braze stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $40.82, for a total value of $736,801.00. Following the completion of the transaction, the chief executive officer now directly owns 564,766 shares in the company, valued at approximately $23,053,748.12. This represents a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Braze Stock Performance

Shares of NASDAQ:BRZE traded down $0.18 on Thursday, hitting $40.66. The stock had a trading volume of 1,315,267 shares, compared to its average volume of 1,127,326. Braze, Inc. has a twelve month low of $29.18 and a twelve month high of $59.12. The firm’s 50 day moving average price is $43.49 and its 200-day moving average price is $39.00. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of -35.67 and a beta of 1.13.

Institutional Investors Weigh In On Braze

Institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Braze by 12.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 509,767 shares of the company’s stock valued at $16,486,000 after purchasing an additional 57,713 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in shares of Braze by 195.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 77,690 shares of the company’s stock valued at $2,512,000 after purchasing an additional 51,411 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Braze by 5.0% in the 3rd quarter. Victory Capital Management Inc. now owns 411,544 shares of the company’s stock valued at $13,309,000 after purchasing an additional 19,567 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Braze in the 3rd quarter valued at $673,000. Finally, Holocene Advisors LP boosted its stake in shares of Braze by 52.7% in the 3rd quarter. Holocene Advisors LP now owns 84,383 shares of the company’s stock valued at $2,729,000 after purchasing an additional 29,123 shares in the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

Wall Street Analyst Weigh In

BRZE has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Braze from $55.00 to $47.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. William Blair reaffirmed an “outperform” rating on shares of Braze in a research report on Thursday, December 19th. Stifel Nicolaus boosted their target price on shares of Braze from $37.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company dropped 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. Finally, Citigroup boosted their target price on shares of Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.74.

View Our Latest Report on BRZE

Braze Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Braze (NASDAQ:BRZE)

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