Isabelle Winkles Sells 4,091 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles sold 4,091 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $43.28, for a total transaction of $177,058.48. Following the completion of the transaction, the chief financial officer now directly owns 230,329 shares in the company, valued at $9,968,639.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Isabelle Winkles also recently made the following trade(s):

• On Friday, August 16th, Isabelle Winkles sold 8,207 shares of Braze stock. The stock was sold at an average price of $41.37, for a total transaction of $339,523.59.
• On Thursday, August 1st, Isabelle Winkles sold 4,500 shares of Braze stock. The stock was sold at an average price of $42.18, for a total transaction of $189,810.00.
• On Monday, July 1st, Isabelle Winkles sold 4,500 shares of Braze stock. The stock was sold at an average price of $39.06, for a total transaction of $175,770.00.

Braze Stock Down 0.2 %

BRZE stock traded down $0.08 during mid-day trading on Tuesday, reaching $43.63. 418,542 shares of the company traded hands, compared to its average volume of 930,960. Braze, Inc. has a fifty-two week low of $33.93 and a fifty-two week high of $61.53. The firm’s 50 day moving average price is $38.89 and its 200 day moving average price is $44.26. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of -34.09 and a beta of 1.07.

Braze (NASDAQ:BRZE) last posted its quarterly earnings results on Thursday, June 6th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.01. The company had revenue of $135.46 million for the quarter, compared to analysts’ expectations of $131.56 million. Braze had a negative net margin of 25.06% and a negative return on equity of 27.85%. On average, analysts anticipate that Braze, Inc. will post -1.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Neo Ivy Capital Management purchased a new position in Braze in the fourth quarter worth $40,000. Covestor Ltd boosted its position in Braze by 401.1% during the first quarter. Covestor Ltd now owns 922 shares of the company’s stock valued at $41,000 after buying an additional 738 shares during the period. Quarry LP bought a new position in shares of Braze during the second quarter valued at about $50,000. Comerica Bank raised its stake in shares of Braze by 29.4% during the first quarter. Comerica Bank now owns 1,216 shares of the company’s stock valued at $54,000 after acquiring an additional 276 shares during the last quarter. Finally, Canton Hathaway LLC raised its stake in shares of Braze by 149.9% during the second quarter. Canton Hathaway LLC now owns 1,979 shares of the company’s stock valued at $77,000 after acquiring an additional 1,187 shares during the last quarter. Institutional investors own 90.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on BRZE. Oppenheimer reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Braze in a research report on Wednesday, June 12th. Needham & Company LLC reissued a “buy” rating and set a $70.00 price target on shares of Braze in a research report on Monday, June 17th. TD Cowen reduced their price target on Braze from $65.00 to $52.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Wells Fargo & Company cut their price objective on Braze from $75.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, April 29th. Finally, Piper Sandler lowered their target price on Braze from $55.00 to $51.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Seventeen research analysts have rated the stock with a buy rating, According to MarketBeat.com, Braze has a consensus rating of “Buy” and an average price target of $61.13.

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.