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 business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $42.02, for a total transaction of $63,030.00. Following the completion of the sale, the director now directly owns 15,269 shares in the company, valued at approximately $641,603.38. This represents a 8.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Braze Stock Performance

BRZE opened at $44.75 on Wednesday. The stock has a fifty day moving average of $35.40 and a 200-day moving average of $37.32. The company has a market capitalization of $4.60 billion, a P/E ratio of -39.25 and a beta of 1.15. Braze, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $61.53.

Analyst Ratings Changes

A number of brokerages recently weighed in on BRZE. Loop Capital restated a “buy” rating and set a $75.00 target price on shares of Braze in a report on Tuesday, September 24th. Needham & Company LLC restated a “buy” rating and set a $50.00 price objective (down from $70.00) on shares of Braze in a research note on Tuesday, December 10th. UBS Group dropped their target price on shares of Braze from $56.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Citigroup lifted their price target on Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Piper Sandler upped their price objective on Braze from $40.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.74.

Hedge Funds Weigh In On Braze

Hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its position in shares of Braze by 12.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 509,767 shares of the company’s stock worth $16,486,000 after purchasing an additional 57,713 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Braze in the second quarter valued at approximately $10,166,000. Victory Capital Management Inc. increased its stake in Braze by 5.0% during the 3rd quarter. Victory Capital Management Inc. now owns 411,544 shares of the company’s stock worth $13,309,000 after acquiring an additional 19,567 shares during the period. Mackenzie Financial Corp acquired a new position in Braze in the 2nd quarter valued at $971,000. Finally, Dynamic Technology Lab Private Ltd raised its holdings in 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 acquiring an additional 51,411 shares in the last quarter. 90.47% of the stock is owned by institutional investors.

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.