Susan Wiseman Sells 10,000 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 10,000 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $47.22, for a total value of $472,200.00. Following the completion of the sale, the general counsel now owns 189,520 shares of the company’s stock, valued at $8,949,134.40. This trade represents a 5.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, January 6th, Susan Wiseman sold 14,000 shares of Braze stock. The shares were sold at an average price of $45.52, for a total value of $637,280.00.
• On Wednesday, December 18th, Susan Wiseman sold 41,210 shares of Braze stock. The stock was sold at an average price of $45.09, for a total value of $1,858,158.90.
• On Monday, December 16th, Susan Wiseman sold 2,790 shares of Braze stock. The shares were sold at an average price of $45.00, for a total value of $125,550.00.
• 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 stock was sold at an average price of $34.45, for a total transaction of $132,735.85.

Braze Stock Performance

NASDAQ BRZE opened at $45.86 on Friday. The company has a market cap of $4.75 billion, a P/E ratio of -40.23 and a beta of 1.11. The business’s 50 day moving average price is $42.93 and its 200-day moving average price is $38.92. Braze, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $61.53.

Institutional Investors Weigh In On Braze

Hedge funds and other institutional investors have recently made changes to their positions in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Braze during the 4th quarter worth about $165,000. Stephens Investment Management Group LLC boosted its position in shares of Braze by 20.1% during the fourth quarter. Stephens Investment Management Group LLC now owns 772,268 shares of the company’s stock valued at $32,343,000 after buying an additional 129,298 shares during the period. KBC Group NV boosted its position in shares of Braze by 39.7% during the fourth quarter. KBC Group NV now owns 2,929 shares of the company’s stock valued at $123,000 after buying an additional 832 shares during the period. Moody National Bank Trust Division bought a new position in shares of Braze during the fourth quarter valued at approximately $233,000. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Braze by 3.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 10,828 shares of the company’s stock worth $453,000 after buying an additional 346 shares during the period. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of Braze in a report on Wednesday, January 15th. Stifel Nicolaus upped their price objective on Braze from $37.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Citigroup increased their target price on Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Piper Sandler boosted their price target on Braze from $40.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company lowered their target price on shares of Braze from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.