Braze, Inc. (NASDAQ:BRZE) Insider Myles Kleeger Sells 10,000 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) insider Myles Kleeger sold 10,000 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $45.43, for a total value of $454,300.00. Following the transaction, the insider now directly owns 184,396 shares in the company, valued at $8,377,110.28. The trade was a 5.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Myles Kleeger also recently made the following trade(s):

• On Wednesday, December 18th, Myles Kleeger sold 37,900 shares of Braze stock. The stock was sold at an average price of $45.11, for a total value of $1,709,669.00.
• On Monday, December 16th, Myles Kleeger sold 2,100 shares of Braze stock. The stock was sold at an average price of $45.00, for a total transaction of $94,500.00.
• On Wednesday, November 20th, Myles Kleeger sold 6,342 shares of Braze stock. The stock was sold at an average price of $36.03, for a total value of $228,502.26.
• On Monday, November 18th, Myles Kleeger sold 9,225 shares of Braze stock. The stock was sold at an average price of $34.45, for a total value of $317,801.25.

Braze Stock Performance

Shares of BRZE opened at $44.15 on Thursday. The stock has a 50-day moving average of $39.78 and a two-hundred day moving average of $38.21. The stock has a market cap of $4.57 billion, a P/E ratio of -38.73 and a beta of 1.11. Braze, Inc. has a one year low of $29.18 and a one year high of $61.53.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BRZE shares. Stifel Nicolaus raised their price target on Braze from $37.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Wells Fargo & Company dropped their price target on Braze from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Tuesday, November 26th. Loop Capital reiterated a “buy” rating and set a $75.00 price objective on shares of Braze in a research report on Tuesday, September 24th. DA Davidson cut their price target on Braze from $55.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, December 10th. Finally, The Goldman Sachs Group reduced their price objective on Braze from $65.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Braze has an average rating of “Moderate Buy” and an average price target of $53.74.

Institutional Trading of Braze

A number of hedge funds have recently modified their holdings of the stock. Quarry LP purchased a new stake in Braze in the 2nd quarter worth approximately $50,000. KBC Group NV raised its stake in shares of Braze by 41.5% during the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after buying an additional 615 shares during the period. Amalgamated Bank lifted its position in shares of Braze by 18.9% during the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock valued at $73,000 after buying an additional 358 shares in the last quarter. Evoke Wealth LLC acquired a new stake in Braze in the 2nd quarter valued at $215,000. Finally, Canada Pension Plan Investment Board acquired a new position in Braze during the second quarter worth $229,000. Hedge funds and other institutional investors 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.