Insider Selling: Braze, Inc. (NASDAQ:BRZE) General Counsel Sells $637,280.00 in Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 14,000 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $45.52, for a total transaction of $637,280.00. Following the completion of the transaction, the general counsel now owns 199,520 shares of the company’s stock, valued at approximately $9,082,150.40. This trade represents a 6.56 % decrease in their position. The transaction was disclosed in a filing 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 stock was sold at an average price of $45.09, for a total transaction of $1,858,158.90.
• On Monday, December 16th, Susan Wiseman sold 2,790 shares of Braze stock. The stock was sold at an average price of $45.00, for a total transaction of $125,550.00.
• 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 stock was sold at an average price of $34.45, for a total transaction of $132,735.85.

Braze Stock Performance

Shares of NASDAQ:BRZE opened at $42.63 on Friday. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of -37.39 and a beta of 1.11. Braze, Inc. has a one year low of $29.18 and a one year high of $61.53. The company has a 50-day simple moving average of $40.04 and a 200-day simple moving average of $38.25.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. UBS Group lowered their target price on shares of Braze from $56.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. JPMorgan Chase & Co. lowered their target price on shares of Braze from $55.00 to $47.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Citigroup boosted their price target on shares of Braze from $47.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target (down from $70.00) on shares of Braze in a research report on Tuesday, December 10th. Finally, JMP Securities reissued a “market outperform” rating and issued a $68.00 price target on shares of Braze in a research report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $53.74.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Braze by 146.9% during the third quarter. JPMorgan Chase & Co. now owns 1,808,577 shares of the company’s stock worth $58,489,000 after purchasing an additional 1,075,998 shares in the last quarter. State Street Corp raised its holdings in 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 purchasing an additional 279,050 shares in the last quarter. Geode Capital Management LLC raised its holdings in Braze by 18.1% during the third 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 raised its holdings in Braze by 69.5% during the third 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. Finally, Stephens Investment Management Group LLC purchased a new position in Braze during the third quarter worth about $20,794,000. 90.47% of the stock is owned by hedge funds and other 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.