Braze, Inc. (NASDAQ:BRZE) CFO Sells $144,540.00 in Stock

Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles sold 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $32.12, for a total value of $144,540.00. Following the completion of the sale, the chief financial officer now owns 216,208 shares of the company’s stock, valued at $6,944,600.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, September 3rd, Isabelle Winkles sold 4,500 shares of Braze stock. The shares were sold at an average price of $43.41, for a total value of $195,345.00.
• On Monday, August 26th, Isabelle Winkles sold 10,000 shares of Braze stock. The stock was sold at an average price of $45.15, for a total transaction of $451,500.00.
• On Monday, August 19th, Isabelle Winkles sold 4,091 shares of Braze stock. The shares were sold at an average price of $43.28, for a total transaction of $177,058.48.
• On Friday, August 16th, Isabelle Winkles sold 8,207 shares of Braze stock. The shares were 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.

Braze Stock Performance

NASDAQ:BRZE opened at $31.08 on Friday. The stock’s fifty day moving average price is $38.84 and its two-hundred day moving average price is $40.05. The company has a market cap of $3.16 billion, a price-to-earnings ratio of -24.28 and a beta of 1.03. Braze, Inc. has a 52-week low of $30.36 and a 52-week high of $61.53.

Braze (NASDAQ:BRZE) last issued its quarterly earnings results on Thursday, September 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.12. The business had revenue of $145.50 million for the quarter, compared to analyst estimates of $141.32 million. Braze had a negative return on equity of 25.89% and a negative net margin of 22.01%. The firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.30) earnings per share. On average, equities analysts predict that Braze, Inc. will post -1.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. 1832 Asset Management L.P. boosted its stake in Braze by 537.4% in the fourth quarter. 1832 Asset Management L.P. now owns 1,527,100 shares of the company’s stock valued at $81,135,000 after acquiring an additional 1,287,500 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Braze by 9.1% in the 4th quarter. Vanguard Group Inc. now owns 5,746,572 shares of the company’s stock valued at $305,315,000 after purchasing an additional 480,179 shares during the period. Granite Investment Partners LLC bought a new position in shares of Braze in the 2nd quarter worth $12,925,000. Point72 Asset Management L.P. acquired a new stake in shares of Braze during the second quarter worth $10,166,000. Finally, Peregrine Capital Management LLC bought a new stake in Braze in the second quarter valued at about $7,349,000. Institutional investors own 90.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BRZE shares. DA Davidson lowered their price objective on Braze from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. TD Cowen lowered their price target on Braze from $52.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. JMP Securities reiterated a “market outperform” rating and set a $68.00 price objective on shares of Braze in a research note on Tuesday, September 24th. Piper Sandler restated an “overweight” rating and issued a $51.00 target price on shares of Braze in a research note on Friday, September 6th. Finally, UBS Group dropped their target price on shares of Braze from $56.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Eighteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $59.18.

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.