Braze, Inc. (NASDAQ:BRZE) General Counsel Sells $160,218.50 in Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 3,925 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $40.82, for a total value of $160,218.50. Following the transaction, the general counsel now directly owns 185,595 shares in the company, valued at $7,575,987.90. This trade represents a 2.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, February 20th, Susan Wiseman sold 3,486 shares of Braze stock. The shares were sold at an average price of $40.02, for a total value of $139,509.72.
• On Monday, January 27th, Susan Wiseman sold 10,000 shares of Braze stock. The shares were sold at an average price of $47.22, for a total value of $472,200.00.
• On Monday, January 6th, Susan Wiseman sold 14,000 shares of Braze stock. The shares were 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 shares were 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 shares were sold at an average price of $45.00, for a total value of $125,550.00.

Braze Stock Down 2.7 %

BRZE stock opened at $39.55 on Friday. The business has a 50 day moving average price of $43.42 and a two-hundred day moving average price of $39.05. The company has a market cap of $4.09 billion, a price-to-earnings ratio of -34.69 and a beta of 1.13. Braze, Inc. has a twelve month low of $29.18 and a twelve month high of $59.12.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BRZE. Tower Research Capital LLC TRC boosted its stake in shares of Braze by 168.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 405 shares during the period. Aster Capital Management DIFC Ltd boosted its stake in shares of Braze by 9,188.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company’s stock worth $35,000 after acquiring an additional 827 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Braze by 8,436.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 939 shares of the company’s stock worth $39,000 after acquiring an additional 928 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Braze during the 4th quarter worth approximately $47,000. Finally, KBC Group NV boosted 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 acquiring an additional 615 shares during the period. 90.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BRZE shares. DA Davidson cut their target price on Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, December 10th. William Blair reissued an “outperform” rating on shares of Braze in a research note on Thursday, December 19th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Braze in a research note on Monday, February 3rd. Piper Sandler raised their price target on Braze from $40.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group dropped their price target on Braze from $65.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. One research 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 target price 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.