Insider Selling: Braze, Inc. (NASDAQ:BRZE) General Counsel Sells $139,509.72 in Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 3,486 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $40.02, for a total transaction of $139,509.72. Following the completion of the transaction, the general counsel now directly owns 182,109 shares in the company, valued at $7,288,002.18. This represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, February 18th, Susan Wiseman sold 3,925 shares of Braze stock. The stock was sold at an average price of $40.82, for a total transaction of $160,218.50.
• On Monday, January 27th, Susan Wiseman sold 10,000 shares of Braze stock. The stock was sold at an average price of $47.22, for a total transaction of $472,200.00.
• 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 transaction 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 transaction 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 transaction of $125,550.00.

Braze Trading Down 2.7 %

NASDAQ:BRZE opened at $39.55 on Friday. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of -34.69 and a beta of 1.13. The company’s 50-day moving average is $43.42 and its two-hundred day moving average is $39.05. Braze, Inc. has a 12-month low of $29.18 and a 12-month high of $59.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in Braze by 12.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 509,767 shares of the company’s stock valued at $16,486,000 after purchasing an additional 57,713 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its position in shares of Braze by 195.6% in the third quarter. Dynamic Technology Lab Private Ltd now owns 77,690 shares of the company’s stock worth $2,512,000 after acquiring an additional 51,411 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Braze by 5.0% in the third quarter. Victory Capital Management Inc. now owns 411,544 shares of the company’s stock worth $13,309,000 after acquiring an additional 19,567 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Braze in the third quarter worth approximately $673,000. Finally, Holocene Advisors LP boosted its position in shares of Braze by 52.7% in the third quarter. Holocene Advisors LP now owns 84,383 shares of the company’s stock worth $2,729,000 after acquiring an additional 29,123 shares during the last quarter. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BRZE shares. Wells Fargo & Company lowered their price target on shares of Braze from $65.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. DA Davidson lowered their price target on shares of Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, December 10th. Oppenheimer reiterated an “outperform” rating and issued a $51.00 price objective on shares of Braze in a research report on Tuesday, December 10th. Citigroup boosted their price objective on shares of Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, The Goldman Sachs Group decreased their price objective on shares of Braze from $65.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.74.

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.