Braze, Inc. (NASDAQ:BRZE) Director Sells $64,695.00 in Stock

Braze, Inc. (NASDAQ:BRZE) Director Phillip M. Fernandez sold 1,500 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $43.13, for a total value of $64,695.00. Following the transaction, the director now directly owns 15,269 shares of the company’s stock, valued at approximately $658,551.97. The trade was a 8.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Braze Stock Performance

Braze stock opened at $44.11 on Monday. Braze, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $61.53. The company has a market capitalization of $4.56 billion, a PE ratio of -38.69 and a beta of 1.11. The company has a 50 day moving average price of $41.22 and a 200-day moving average price of $38.48.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BRZE. Macquarie increased their target price on Braze from $30.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Piper Sandler lifted their price objective on shares of Braze from $40.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Needham & Company LLC restated a “buy” rating and set a $50.00 target price on shares of Braze in a research report on Wednesday, January 15th. TD Cowen lowered their price target on shares of Braze from $52.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Finally, Stifel Nicolaus boosted their price objective on Braze from $37.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, Braze has an average rating of “Moderate Buy” and an average target price of $53.74.

Institutional Investors Weigh In On Braze

Institutional investors and hedge funds have recently bought and sold shares of the company. Rhumbline Advisers increased its stake in shares of Braze by 3.3% during the second quarter. Rhumbline Advisers now owns 75,371 shares of the company’s stock valued at $2,927,000 after buying an additional 2,407 shares during the period. Citizens Financial Group Inc. RI bought a new stake in shares of Braze in the 2nd quarter valued at about $565,000. Renaissance Technologies LLC boosted its stake in shares of Braze by 78.1% during the second quarter. Renaissance Technologies LLC now owns 371,600 shares of the company’s stock valued at $14,433,000 after purchasing an additional 163,000 shares in the last quarter. Blair William & Co. IL increased its holdings in Braze by 2.2% during the second quarter. Blair William & Co. IL now owns 12,928 shares of the company’s stock valued at $502,000 after buying an additional 283 shares during the period. Finally, Seven Eight Capital LP raised its stake in Braze by 78.1% in the second quarter. Seven Eight Capital LP now owns 47,283 shares of the company’s stock worth $1,836,000 after buying an additional 20,741 shares in the last quarter. 90.47% of the stock is owned by institutional investors.

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.