Insider Selling: Braze, Inc. (NASDAQ:BRZE) CTO Sells $212,672.20 in Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 5,210 shares of Braze stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $40.82, for a total value of $212,672.20. Following the sale, the chief technology officer now directly owns 157,810 shares in the company, valued at $6,441,804.20. The trade was a 3.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Braze Stock Performance

Shares of BRZE opened at $39.55 on Friday. The stock has a fifty day moving average price of $43.42 and a two-hundred day moving average price of $39.05. Braze, Inc. has a 52-week low of $29.18 and a 52-week high of $59.12. The company has a market cap of $4.09 billion, a price-to-earnings ratio of -34.69 and a beta of 1.13.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BRZE. Citigroup lifted their price objective on Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Wells Fargo & Company decreased their price objective on Braze from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Tuesday, November 26th. Stifel Nicolaus lifted their price objective on Braze from $37.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Piper Sandler raised their target price on Braze from $40.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Finally, DA Davidson cut their target price on Braze from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th. One 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 presently has a consensus rating of “Moderate Buy” and an average price target of $53.74.

Hedge Funds Weigh In On Braze

Several institutional investors have recently bought and sold shares of BRZE. Creative Planning raised its position in Braze by 12.8% in the 3rd quarter. Creative Planning now owns 26,089 shares of the company’s stock valued at $844,000 after purchasing an additional 2,968 shares during the last quarter. AMI Asset Management Corp raised its position in shares of Braze by 25.8% during the third quarter. AMI Asset Management Corp now owns 33,438 shares of the company’s stock worth $1,081,000 after acquiring an additional 6,852 shares during the last quarter. US Bancorp DE raised its position in shares of Braze by 38.1% during the third quarter. US Bancorp DE now owns 25,737 shares of the company’s stock worth $832,000 after acquiring an additional 7,103 shares during the last quarter. Stephens Investment Management Group LLC bought a new stake in shares of Braze during the third quarter worth $20,794,000. Finally, Harbor Capital Advisors Inc. raised its position in shares of Braze by 9.0% during the third quarter. Harbor Capital Advisors Inc. now owns 10,482 shares of the company’s stock worth $339,000 after acquiring an additional 866 shares during the last quarter. 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.