Susan Wiseman Sells 4,167 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 4,167 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $30.98, for a total value of $129,093.66. Following the completion of the sale, the general counsel now directly owns 248,999 shares of the company’s stock, valued at approximately $7,713,989.02. This represents a 1.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, February 20th, Susan Wiseman sold 3,486 shares of Braze stock. The shares were sold at an average price of $40.02, for a total value of $139,509.72.
• On Tuesday, February 18th, Susan Wiseman sold 3,925 shares of Braze stock. The shares were sold at an average price of $40.82, for a total value of $160,218.50.
• On Monday, January 27th, Susan Wiseman sold 10,000 shares of Braze stock. The stock was sold at an average price of $47.22, for a total value of $472,200.00.

Braze Trading Up 10.7 %

Shares of NASDAQ BRZE opened at $32.90 on Thursday. The stock has a market cap of $3.44 billion, a P/E ratio of -28.86 and a beta of 1.13. Braze, Inc. has a 12-month low of $28.59 and a 12-month high of $48.33. The business’s fifty day simple moving average is $37.10 and its 200-day simple moving average is $37.82.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Thursday, March 27th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.07. The business had revenue of $160.40 million for the quarter, compared to analysts’ expectations of $155.72 million. Braze had a negative return on equity of 24.88% and a negative net margin of 20.41%. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.04) earnings per share. On average, equities analysts forecast that Braze, Inc. will post -0.98 EPS for the current fiscal year.

Institutional Trading of Braze

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its stake in Braze by 168.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock valued at $27,000 after buying an additional 405 shares in the last quarter. Aster Capital Management DIFC Ltd raised its stake in Braze by 9,188.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company’s stock valued at $35,000 after buying an additional 827 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in 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 buying an additional 928 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Braze in the fourth quarter valued at $47,000. Finally, Versant Capital Management Inc acquired a new stake in Braze in the first quarter valued at $54,000. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BRZE shares. Wells Fargo & Company reiterated an “overweight” rating and issued a $55.00 price objective (up from $50.00) on shares of Braze in a research report on Friday, March 28th. William Blair reiterated an “outperform” rating on shares of Braze in a research report on Thursday, December 19th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Braze in a research report on Friday, March 28th. Macquarie increased their price objective on Braze from $30.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. Finally, Citigroup increased their price objective on Braze from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, March 28th. One analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $53.00.

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.