Braze, Inc. (NASDAQ:BRZE) CFO Sells $175,770.00 in Stock

Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles sold 4,500 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $39.06, for a total value of $175,770.00. Following the transaction, the chief financial officer now directly owns 242,627 shares of the company’s stock, valued at approximately $9,477,010.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Isabelle Winkles also recently made the following trade(s):

• On Monday, May 20th, Isabelle Winkles sold 4,096 shares of Braze stock. The shares were sold at an average price of $42.68, for a total value of $174,817.28.
• On Thursday, May 16th, Isabelle Winkles sold 8,205 shares of Braze stock. The shares were sold at an average price of $41.76, for a total value of $342,640.80.
• On Wednesday, May 1st, Isabelle Winkles sold 4,500 shares of Braze stock. The shares were sold at an average price of $40.93, for a total value of $184,185.00.
• On Thursday, April 11th, Isabelle Winkles sold 8,383 shares of Braze stock. The shares were sold at an average price of $42.80, for a total value of $358,792.40.

Braze Stock Down 0.3 %

BRZE opened at $37.80 on Thursday. Braze, Inc. has a 52 week low of $33.93 and a 52 week high of $61.53. The business has a fifty day simple moving average of $38.92 and a 200-day simple moving average of $46.68. The firm has a market cap of $3.84 billion, a P/E ratio of -29.53 and a beta of 1.06.

Braze (NASDAQ:BRZE) last released its earnings results on Thursday, June 6th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.01. The firm had revenue of $135.46 million during the quarter, compared to analyst estimates of $131.56 million. Braze had a negative return on equity of 27.85% and a negative net margin of 25.06%. Sell-side analysts expect that Braze, Inc. will post -1.21 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AGF Management Ltd. purchased a new position in Braze in the fourth quarter valued at $3,282,000. Morgan Stanley boosted its holdings in Braze by 20.1% in the third quarter. Morgan Stanley now owns 5,387,736 shares of the company’s stock valued at $251,769,000 after purchasing an additional 899,894 shares during the period. New York State Common Retirement Fund boosted its holdings in Braze by 814.1% in the fourth quarter. New York State Common Retirement Fund now owns 178,514 shares of the company’s stock valued at $9,484,000 after purchasing an additional 158,986 shares during the period. Occudo Quantitative Strategies LP acquired a new stake in Braze in the fourth quarter valued at $5,397,000. Finally, Seven Eight Capital LP acquired a new stake in Braze in the third quarter valued at $283,000. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on BRZE shares. Citigroup increased their target price on Braze from $52.00 to $58.00 and gave the company a “buy” rating in a report on Friday, June 7th. DA Davidson reaffirmed a “buy” rating and issued a $65.00 price target on shares of Braze in a report on Monday, March 25th. Wells Fargo & Company cut their price target on Braze from $75.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, April 29th. BTIG Research cut their price target on Braze from $68.00 to $62.00 and set a “buy” rating for the company in a report on Friday, May 31st. Finally, TD Cowen cut their price target on Braze from $65.00 to $52.00 and set a “buy” rating for the company in a report on Friday, May 31st. Seventeen research analysts have rated the stock with a buy rating, According to data from MarketBeat, Braze presently has an average rating of “Buy” and an average target price of $61.38.

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.