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

Braze, Inc. (NASDAQ:BRZE) Director Phillip M. Fernandez sold 1,500 shares of the business’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $41.46, for a total transaction of $62,190.00. Following the transaction, the director now directly owns 15,269 shares in the company, valued at $633,052.74. This trade represents a 8.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Braze Price Performance

BRZE stock opened at $36.37 on Wednesday. The business has a fifty day moving average price of $39.33 and a 200 day moving average price of $38.05. Braze, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $48.33. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of -31.90 and a beta of 1.17.

Braze (NASDAQ:BRZE) last announced its earnings results on Thursday, March 27th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. The company had revenue of $160.40 million during the quarter, compared to analyst estimates of $155.72 million. Braze had a negative return on equity of 24.88% and a negative net margin of 20.41%. The firm’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period last year, the company posted ($0.04) earnings per share. On average, equities analysts expect that Braze, Inc. will post -0.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BRZE has been the topic of several research analyst reports. Citigroup raised their price target on shares of Braze from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, March 28th. Stephens started coverage on Braze in a research note on Wednesday, March 19th. They set an “overweight” rating and a $43.00 price target on the stock. DA Davidson reaffirmed a “buy” rating and issued a $50.00 price target on shares of Braze in a report on Wednesday, March 26th. Piper Sandler lifted their price objective on Braze from $40.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Finally, Raymond James upped their target price on Braze from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, March 28th. One research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $53.00.

Hedge Funds Weigh In On Braze

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its holdings in shares of Braze by 168.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock valued at $27,000 after purchasing an additional 405 shares in the last quarter. Aster Capital Management DIFC Ltd increased its stake in shares of Braze by 9,188.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company’s stock valued at $35,000 after buying an additional 827 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Braze by 8,436.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 939 shares of the company’s stock worth $39,000 after acquiring an additional 928 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Braze during the fourth quarter valued at $47,000. Finally, Plato Investment Management Ltd bought a new position in Braze in the fourth quarter valued at about $115,000. 90.47% of the stock is currently owned by institutional investors and hedge funds.

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.