Braze, Inc. (NASDAQ:BRZE) CAO Pankaj Malik Sells 3,700 Shares

Braze, Inc. (NASDAQ:BRZE) CAO Pankaj Malik sold 3,700 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $45.77, for a total value of $169,349.00. Following the transaction, the chief accounting officer now directly owns 54,784 shares in the company, valued at approximately $2,507,463.68. This trade represents a 6.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Pankaj Malik also recently made the following trade(s):

• On Monday, December 16th, Pankaj Malik sold 4,656 shares of Braze stock. The shares were sold at an average price of $43.65, for a total transaction of $203,234.40.
• On Friday, December 13th, Pankaj Malik sold 3,955 shares of Braze stock. The shares were sold at an average price of $41.41, for a total value of $163,776.55.
• On Monday, November 18th, Pankaj Malik sold 3,432 shares of Braze stock. The stock was sold at an average price of $34.45, for a total transaction of $118,232.40.

Braze Trading Down 1.0 %

BRZE stock opened at $44.15 on Thursday. The firm has a 50 day moving average of $39.78 and a 200-day moving average of $38.21. Braze, Inc. has a 12 month low of $29.18 and a 12 month high of $61.53. The firm has a market capitalization of $4.57 billion, a P/E ratio of -38.73 and a beta of 1.11.

Analyst Ratings Changes

BRZE has been the topic of a number of recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of Braze in a research note on Thursday, December 19th. JPMorgan Chase & Co. lowered their price objective on Braze from $55.00 to $47.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. 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 report on Tuesday, November 26th. TD Cowen cut their target price on shares of Braze from $52.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Finally, Stifel Nicolaus raised their price objective on shares of Braze from $37.00 to $48.00 and gave the company 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.74.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Blair William & Co. IL lifted its stake in shares of Braze by 2.2% in the 2nd quarter. Blair William & Co. IL now owns 12,928 shares of the company’s stock valued at $502,000 after acquiring an additional 283 shares during the last quarter. Amalgamated Bank lifted its holdings in Braze by 18.9% in the third quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after buying an additional 358 shares during the period. Creative Planning boosted its position in Braze by 1.7% during the 2nd quarter. Creative Planning now owns 23,121 shares of the company’s stock valued at $898,000 after acquiring an additional 384 shares in the last quarter. KBC Group NV grew its holdings in shares of Braze by 41.5% during the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after acquiring an additional 615 shares during the period. Finally, Arizona State Retirement System raised its position in shares of Braze by 4.8% in the 2nd quarter. Arizona State Retirement System now owns 15,466 shares of the company’s stock worth $601,000 after acquiring an additional 712 shares in the last quarter. 90.47% of the stock is currently owned by 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.