Braze, Inc. (NASDAQ:BRZE) CAO Sells $203,234.40 in Stock

Braze, Inc. (NASDAQ:BRZE) CAO Pankaj Malik sold 4,656 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $43.65, for a total value of $203,234.40. Following the sale, the chief accounting officer now owns 58,484 shares in the company, valued at $2,552,826.60. The trade was a 7.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 transaction 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 Price Performance

Shares of NASDAQ BRZE opened at $44.00 on Friday. The business has a fifty day moving average price of $36.25 and a 200 day moving average price of $37.46. Braze, Inc. has a 1-year low of $29.18 and a 1-year high of $61.53. The stock has a market capitalization of $4.52 billion, a P/E ratio of -38.60 and a beta of 1.15.

Institutional Trading of Braze

Hedge funds have recently modified their holdings of the company. Comerica Bank grew its position in shares of Braze by 29.4% in the 1st quarter. Comerica Bank now owns 1,216 shares of the company’s stock worth $54,000 after buying an additional 276 shares during the last quarter. Blair William & Co. IL grew its holdings in Braze by 2.2% in the second quarter. Blair William & Co. IL now owns 12,928 shares of the company’s stock worth $502,000 after purchasing an additional 283 shares during the last quarter. Amalgamated Bank increased its position in shares of Braze by 18.9% during the third quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after purchasing an additional 358 shares in the last quarter. Creative Planning lifted its holdings in shares of 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 purchasing an additional 384 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Braze by 41.5% in the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after purchasing an additional 615 shares in the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. William Blair reissued an “outperform” rating on shares of Braze in a research note on Thursday. Loop Capital reissued a “buy” rating and set a $75.00 price target on shares of Braze in a research note on Tuesday, September 24th. Piper Sandler upped their price objective on Braze from $40.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. UBS Group decreased their target price on Braze from $56.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Finally, Citigroup upped their price target on shares of Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.74.

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.