Braze, Inc. (NASDAQ:BRZE) General Counsel Sells $125,550.00 in Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 2,790 shares of Braze stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $45.00, for a total transaction of $125,550.00. Following the completion of the transaction, the general counsel now directly owns 199,520 shares in the company, valued at approximately $8,978,400. This represents a 1.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Susan Wiseman also recently made the following trade(s):

• On Wednesday, December 18th, Susan Wiseman sold 41,210 shares of Braze stock. The shares were sold at an average price of $45.09, for a total transaction of $1,858,158.90.
• On Wednesday, November 20th, Susan Wiseman sold 3,557 shares of Braze stock. The stock was sold at an average price of $36.02, for a total transaction of $128,123.14.
• On Monday, November 18th, Susan Wiseman sold 3,853 shares of Braze stock. The shares were sold at an average price of $34.45, for a total value of $132,735.85.

Braze Price Performance

Shares of BRZE stock opened at $44.31 on Friday. The stock’s fifty day simple moving average is $36.25 and its 200 day simple moving average is $37.46. Braze, Inc. has a one year low of $29.18 and a one year high of $61.53. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of -38.87 and a beta of 1.15.

Institutional Investors Weigh In On Braze

Several institutional investors and hedge funds have recently made changes to their positions in BRZE. AMI Asset Management Corp bought a new position in Braze during the 2nd quarter valued at about $1,033,000. Bank of New York Mellon Corp raised its stake in shares of Braze by 18.3% in the second quarter. Bank of New York Mellon Corp now owns 477,699 shares of the company’s stock valued at $18,554,000 after acquiring an additional 73,764 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Braze by 12.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,549 shares of the company’s stock worth $487,000 after acquiring an additional 1,437 shares in the last quarter. Peregrine Capital Management LLC bought a new stake in Braze during the 2nd quarter worth approximately $7,349,000. Finally, Versor Investments LP acquired a new stake in Braze during the 2nd quarter valued at $348,000. Institutional investors and hedge funds own 90.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BRZE shares. Loop Capital restated a “buy” rating and set a $75.00 target price on shares of Braze in a research note on Tuesday, September 24th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective (down from $70.00) on shares of Braze in a research report on Tuesday, December 10th. TD Cowen dropped their target price on shares of Braze from $52.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Oppenheimer reiterated an “outperform” rating and set a $51.00 target price on shares of Braze in a research note on Tuesday, December 10th. Finally, Stifel Nicolaus raised their price target 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. One research analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $53.74.

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.