Susan Wiseman Sells 10,000 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 10,000 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $47.22, for a total value of $472,200.00. Following the completion of the sale, the general counsel now directly owns 189,520 shares of the company’s stock, valued at $8,949,134.40. This represents a 5.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, January 6th, Susan Wiseman sold 14,000 shares of Braze stock. The stock was sold at an average price of $45.52, for a total value of $637,280.00.
• On Wednesday, December 18th, Susan Wiseman sold 41,210 shares of Braze stock. The stock was sold at an average price of $45.09, for a total value of $1,858,158.90.
• On Monday, December 16th, Susan Wiseman sold 2,790 shares of Braze stock. The stock was sold at an average price of $45.00, for a total value of $125,550.00.
• On Wednesday, November 20th, Susan Wiseman sold 3,557 shares of Braze stock. The stock was sold at an average price of $36.02, for a total value of $128,123.14.
• On Monday, November 18th, Susan Wiseman sold 3,853 shares of Braze stock. The stock was sold at an average price of $34.45, for a total value of $132,735.85.

Braze Stock Down 2.6 %

NASDAQ:BRZE traded down $1.23 during trading hours on Wednesday, hitting $46.00. 670,399 shares of the stock were exchanged, compared to its average volume of 1,055,178. The company’s 50 day moving average is $42.78 and its two-hundred day moving average is $38.87. Braze, Inc. has a twelve month low of $29.18 and a twelve month high of $61.53. The company has a market capitalization of $4.76 billion, a P/E ratio of -40.35 and a beta of 1.11.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Braze by 146.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,808,577 shares of the company’s stock valued at $58,489,000 after buying an additional 1,075,998 shares in the last quarter. State Street Corp increased its position in shares of Braze by 21.5% in the 3rd quarter. State Street Corp now owns 1,575,701 shares of the company’s stock valued at $50,958,000 after buying an additional 279,050 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Braze by 18.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,497,188 shares of the company’s stock valued at $48,428,000 after buying an additional 229,660 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Braze by 69.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,494,100 shares of the company’s stock valued at $48,319,000 after buying an additional 612,400 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its position in shares of Braze by 20.1% in the 4th quarter. Stephens Investment Management Group LLC now owns 772,268 shares of the company’s stock valued at $32,343,000 after buying an additional 129,298 shares in the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BRZE shares. Oppenheimer reiterated an “outperform” rating and issued a $51.00 price objective on shares of Braze in a research note on Tuesday, December 10th. Macquarie boosted their price target on Braze from $30.00 to $39.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Braze in a research note on Wednesday, January 15th. JPMorgan Chase & Co. lowered their price target on Braze from $55.00 to $47.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, William Blair restated an “outperform” rating on shares of Braze in a research note on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, Braze presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.74.

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.