Insider Selling: Braze, Inc. (NASDAQ:BRZE) General Counsel Sells 2,790 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 2,790 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $45.00, for a total value of $125,550.00. Following the completion of the sale, the general counsel now owns 199,520 shares of the company’s stock, valued at $8,978,400. The trade was a 1.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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 NASDAQ:BRZE opened at $43.37 on Thursday. The business’s 50-day moving average is $35.97 and its 200 day moving average is $37.41. Braze, Inc. has a 1 year low of $29.18 and a 1 year high of $61.53. The firm has a market capitalization of $4.46 billion, a P/E ratio of -38.04 and a beta of 1.15.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of Braze from $65.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Piper Sandler boosted their price objective on Braze from $40.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Wells Fargo & Company lowered their price objective on Braze from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Tuesday, November 26th. JPMorgan Chase & Co. cut their price objective on shares of Braze from $55.00 to $47.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, 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. One investment analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.74.

Hedge Funds Weigh In On Braze

Hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in Braze during the 3rd quarter valued at approximately $253,000. Geode Capital Management LLC increased its position in shares of Braze by 18.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,497,188 shares of the company’s stock valued at $48,428,000 after acquiring an additional 229,660 shares during the period. Vestcor Inc purchased a new position in Braze in the 3rd quarter worth $1,617,000. Bullseye Asset Management LLC raised its stake in Braze by 14.3% in the 3rd quarter. Bullseye Asset Management LLC now owns 24,750 shares of the company’s stock worth $801,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Barclays PLC lifted its position in Braze by 148.1% during the 3rd quarter. Barclays PLC now owns 107,358 shares of the company’s stock worth $3,472,000 after acquiring an additional 64,093 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

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.