Braze, Inc. (NASDAQ:BRZE) Director Phillip M. Fernandez Sells 1,500 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) Director Phillip M. Fernandez sold 1,500 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $43.13, for a total transaction of $64,695.00. Following the completion of the sale, the director now directly owns 15,269 shares in the company, valued at $658,551.97. This trade represents a 8.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Braze Stock Up 0.0 %

NASDAQ BRZE opened at $44.11 on Friday. Braze, Inc. has a 52 week low of $29.18 and a 52 week high of $61.53. The firm has a 50 day moving average of $41.22 and a two-hundred day moving average of $38.50. The stock has a market capitalization of $4.56 billion, a PE ratio of -38.69 and a beta of 1.11.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Citigroup lifted their price objective on Braze from $47.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Piper Sandler increased their price objective on shares of Braze from $40.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. TD Cowen reduced their target price on Braze from $52.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. JPMorgan Chase & Co. lowered their price target 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, Oppenheimer reissued an “outperform” rating and set a $51.00 price target on shares of Braze in a research report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.74.

Hedge Funds Weigh In On Braze

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

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.