Myles Kleeger Sells 8,365 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) insider Myles Kleeger sold 8,365 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $40.12, for a total transaction of $335,603.80. Following the completion of the transaction, the insider now directly owns 168,882 shares of the company’s stock, valued at $6,775,545.84. This represents a 4.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Myles Kleeger also recently made the following trade(s):

• On Tuesday, February 18th, Myles Kleeger sold 7,149 shares of Braze stock. The shares were sold at an average price of $40.82, for a total value of $291,822.18.
• On Monday, January 6th, Myles Kleeger sold 10,000 shares of Braze stock. The stock was sold at an average price of $45.43, for a total value of $454,300.00.
• On Wednesday, December 18th, Myles Kleeger sold 37,900 shares of Braze stock. The shares were sold at an average price of $45.11, for a total value of $1,709,669.00.
• On Monday, December 16th, Myles Kleeger sold 2,100 shares of Braze stock. The stock was sold at an average price of $45.00, for a total value of $94,500.00.

Braze Price Performance

Shares of NASDAQ:BRZE opened at $39.55 on Friday. Braze, Inc. has a 1-year low of $29.18 and a 1-year high of $59.12. The stock has a market cap of $4.09 billion, a P/E ratio of -34.69 and a beta of 1.13. The firm has a fifty day moving average price of $43.42 and a 200 day moving average price of $39.05.

Institutional Investors Weigh In On Braze

Several hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its position in Braze by 168.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock valued at $27,000 after acquiring an additional 405 shares during the period. Aster Capital Management DIFC Ltd grew its stake in shares of Braze by 9,188.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company’s stock valued at $35,000 after purchasing an additional 827 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Braze by 8,436.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 939 shares of the company’s stock valued at $39,000 after purchasing an additional 928 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Braze during the fourth quarter worth approximately $47,000. Finally, KBC Group NV lifted its holdings in shares of Braze by 41.5% during the third quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after purchasing an additional 615 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on BRZE shares. DA Davidson lowered their price target on shares of Braze from $55.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, December 10th. Macquarie boosted their target price on shares of Braze from $30.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 11th. Citigroup increased their target price on Braze from $47.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Stifel Nicolaus lifted their price target on Braze from $37.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company dropped their price objective on Braze from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Tuesday, November 26th. One analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.74.

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.