Myles Kleeger Sells 8,365 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) insider Myles Kleeger sold 8,365 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $40.12, for a total value of $335,603.80. Following the transaction, the insider now directly owns 168,882 shares in the company, valued at $6,775,545.84. The trade was a 4.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, February 18th, Myles Kleeger sold 7,149 shares of Braze stock. The shares were sold at an average price of $40.82, for a total transaction of $291,822.18.
• On Monday, January 6th, Myles Kleeger sold 10,000 shares of Braze stock. The shares were sold at an average price of $45.43, for a total transaction of $454,300.00.
• 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 transaction of $1,709,669.00.
• On Monday, December 16th, Myles Kleeger sold 2,100 shares of Braze stock. The shares were sold at an average price of $45.00, for a total value of $94,500.00.

Braze Stock Down 2.7 %

Shares of NASDAQ BRZE opened at $39.55 on Friday. The company has a market cap of $4.09 billion, a P/E ratio of -34.69 and a beta of 1.13. Braze, Inc. has a 52 week low of $29.18 and a 52 week high of $59.12. The business has a 50-day simple moving average of $43.42 and a two-hundred day simple moving average of $39.03.

Wall Street Analysts Forecast Growth

BRZE has been the topic of a number of recent research reports. Stifel Nicolaus raised their target price on Braze from $37.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. dropped their price objective on Braze from $55.00 to $47.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Piper Sandler upped their target price on shares of Braze from $40.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Citigroup raised their price target on shares of Braze from $47.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, DA Davidson reduced their price objective on shares of Braze from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, Braze has an average rating of “Moderate Buy” and a consensus target price of $53.74.

Hedge Funds Weigh In On Braze

Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in Braze by 168.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock valued at $27,000 after purchasing an additional 405 shares during the period. Aster Capital Management DIFC Ltd raised its position in shares of Braze by 9,188.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company’s stock worth $35,000 after buying an additional 827 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Braze by 8,436.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 939 shares of the company’s stock valued at $39,000 after buying an additional 928 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Braze during the fourth quarter worth about $47,000. Finally, KBC Group NV increased its position in shares of Braze by 41.5% in the third quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after purchasing an additional 615 shares during the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

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.