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

Braze, Inc. (NASDAQ:BRZE) Director Phillip M. Fernandez sold 1,500 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $42.02, for a total value of $63,030.00. Following the transaction, the director now directly owns 15,269 shares in the company, valued at $641,603.38. This trade represents a 8.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Braze Stock Performance

Shares of BRZE opened at $44.75 on Wednesday. The stock has a 50 day simple moving average of $35.40 and a 200 day simple moving average of $37.32. Braze, Inc. has a 52-week low of $29.18 and a 52-week high of $61.53. The firm has a market capitalization of $4.60 billion, a PE ratio of -39.25 and a beta of 1.15.

Analyst Upgrades and Downgrades

BRZE has been the subject of several recent research reports. Macquarie boosted their price objective on Braze from $30.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. The Goldman Sachs Group dropped their price target on shares of Braze from $65.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Oppenheimer reaffirmed an “outperform” rating and issued a $51.00 price objective on shares of Braze in a research note on Tuesday, December 10th. Loop Capital reiterated a “buy” rating and set a $75.00 target price on shares of Braze in a research report on Tuesday, September 24th. Finally, JMP Securities restated a “market outperform” rating and issued a $68.00 price target on shares of Braze in a research report on Tuesday, September 24th. One analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, Braze presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.74.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. State Street Corp increased its position in shares of Braze by 21.5% during the third quarter. State Street Corp now owns 1,575,701 shares of the company’s stock worth $50,958,000 after acquiring an additional 279,050 shares in the last quarter. Geode Capital Management LLC increased its holdings in Braze by 18.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,497,188 shares of the company’s stock worth $48,428,000 after purchasing an additional 229,660 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Braze by 69.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,494,100 shares of the company’s stock worth $48,319,000 after purchasing an additional 612,400 shares in the last quarter. Fiera Capital Corp raised its stake in shares of Braze by 1.0% in the 2nd quarter. Fiera Capital Corp now owns 780,630 shares of the company’s stock valued at $30,320,000 after purchasing an additional 7,570 shares during the period. Finally, Stephens Investment Management Group LLC bought a new stake in shares of Braze in the third quarter valued at about $20,794,000. Institutional investors 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.