Isabelle Winkles Sells 4,500 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles sold 4,500 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $40.93, for a total value of $184,185.00. Following the completion of the transaction, the chief financial officer now owns 258,681 shares in the company, valued at approximately $10,587,813.33. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Isabelle Winkles also recently made the following trade(s):

• On Thursday, April 11th, Isabelle Winkles sold 8,383 shares of Braze stock. The shares were sold at an average price of $42.80, for a total value of $358,792.40.
• On Friday, February 16th, Isabelle Winkles sold 5,489 shares of Braze stock. The stock was sold at an average price of $57.51, for a total value of $315,672.39.

Braze Price Performance

NASDAQ BRZE opened at $41.60 on Friday. The stock has a market capitalization of $4.19 billion, a P/E ratio of -31.28 and a beta of 1.13. Braze, Inc. has a 12 month low of $26.11 and a 12 month high of $61.53. The firm’s 50-day moving average is $47.11 and its two-hundred day moving average is $50.37.

Braze (NASDAQ:BRZE) last issued its quarterly earnings results on Wednesday, March 27th. The company reported ($0.29) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.02. The business had revenue of $130.96 million for the quarter, compared to analysts’ expectations of $124.55 million. Braze had a negative net margin of 27.44% and a negative return on equity of 28.24%. As a group, analysts anticipate that Braze, Inc. will post -1.18 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Raymond James reduced their price target on Braze from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, March 28th. Oppenheimer reiterated an “outperform” rating and set a $75.00 price target on shares of Braze in a report on Thursday, March 28th. TD Cowen reduced their price target on Braze from $68.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. William Blair reiterated an “outperform” rating on shares of Braze in a report on Thursday, March 28th. Finally, DA Davidson reiterated a “buy” rating and set a $65.00 price target on shares of Braze in a report on Monday, March 25th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Braze has an average rating of “Moderate Buy” and a consensus price target of $64.12.

Institutional Trading of Braze

Several hedge funds have recently made changes to their positions in BRZE. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Braze by 21.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,678 shares of the company’s stock valued at $452,000 after purchasing an additional 1,684 shares during the last quarter. BluePath Capital Management LLC purchased a new position in Braze in the third quarter valued at approximately $31,000. Strs Ohio increased its stake in Braze by 165.4% in the third quarter. Strs Ohio now owns 21,500 shares of the company’s stock valued at $1,004,000 after purchasing an additional 13,400 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Braze by 47.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,243 shares of the company’s stock valued at $1,086,000 after purchasing an additional 7,527 shares during the last quarter. Finally, State of Michigan Retirement System purchased a new position in Braze in the third quarter valued at approximately $820,000. Institutional investors and hedge funds own 90.47% of the company’s stock.

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.