Phillip M. Fernandez Sells 1,500 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) Director Phillip M. Fernandez sold 1,500 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $41.30, for a total value of $61,950.00. Following the completion of the transaction, the director now owns 15,269 shares in the company, valued at approximately $630,609.70. This represents a 8.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Braze Stock Performance

BRZE opened at $39.55 on Friday. The firm has a market cap of $4.09 billion, a P/E ratio of -34.69 and a beta of 1.13. The firm has a 50-day moving average of $43.42 and a 200 day moving average of $39.03. Braze, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $59.12.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BRZE shares. Macquarie upped their price objective on shares of Braze from $30.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. Citigroup upped their target price on shares of Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. DA Davidson dropped their price target on shares of Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. The Goldman Sachs Group decreased their price objective on Braze from $65.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. dropped their target price on Braze from $55.00 to $47.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. One analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $53.74.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Planning raised its holdings in shares of Braze by 12.8% in the 3rd quarter. Creative Planning now owns 26,089 shares of the company’s stock worth $844,000 after purchasing an additional 2,968 shares during the period. AMI Asset Management Corp increased its position in Braze by 25.8% in the third quarter. AMI Asset Management Corp now owns 33,438 shares of the company’s stock worth $1,081,000 after buying an additional 6,852 shares during the last quarter. US Bancorp DE raised its stake in shares of Braze by 38.1% in the third quarter. US Bancorp DE now owns 25,737 shares of the company’s stock valued at $832,000 after buying an additional 7,103 shares during the period. Stephens Investment Management Group LLC purchased a new position in shares of Braze during the 3rd quarter valued at $20,794,000. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Braze by 9.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 10,482 shares of the company’s stock valued at $339,000 after buying an additional 866 shares during the last quarter. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

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.