Braze, Inc. (NASDAQ:BRZE – Get Free Report) General Counsel Susan Wiseman sold 3,558 shares of Braze stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $38.41, for a total value of $136,662.78. Following the transaction, the general counsel now directly owns 221,840 shares in the company, valued at $8,520,874.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Susan Wiseman also recently made the following trade(s):
- On Thursday, May 16th, Susan Wiseman sold 3,833 shares of Braze stock. The shares were sold at an average price of $41.76, for a total transaction of $160,066.08.
Braze Price Performance
Braze stock opened at $41.39 on Thursday. The firm has a market capitalization of $4.21 billion, a P/E ratio of -32.34 and a beta of 1.06. Braze, Inc. has a 1-year low of $33.93 and a 1-year high of $61.53. The company’s 50-day moving average is $38.77 and its 200 day moving average is $46.19.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on BRZE shares. DA Davidson reiterated a “buy” rating and issued a $65.00 price target on shares of Braze in a research note on Monday, March 25th. Scotiabank raised Braze from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $48.00 to $56.00 in a research note on Wednesday, July 10th. Raymond James dropped their price target on Braze from $65.00 to $55.00 and set an “outperform” rating for the company in a research note on Friday, June 7th. Citigroup lifted their price objective on shares of Braze from $52.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $70.00 target price on shares of Braze in a research report on Monday, June 17th. Seventeen analysts have rated the stock with a buy rating, Based on data from MarketBeat, Braze presently has an average rating of “Buy” and a consensus price target of $61.13.
Read Our Latest Research Report on Braze
Institutional Trading of Braze
Several institutional investors and hedge funds have recently made changes to their positions in the company. Neo Ivy Capital Management bought a new position in Braze during the 4th quarter worth about $40,000. Covestor Ltd lifted its position in shares of Braze by 401.1% in the 1st quarter. Covestor Ltd now owns 922 shares of the company’s stock worth $41,000 after purchasing an additional 738 shares during the period. Canton Hathaway LLC bought a new position in shares of Braze during the fourth quarter valued at approximately $42,000. Comerica Bank increased its holdings in Braze by 29.4% during the first quarter. Comerica Bank now owns 1,216 shares of the company’s stock valued at $54,000 after buying an additional 276 shares during the period. Finally, RiverPark Advisors LLC raised its stake in Braze by 360.9% in the first quarter. RiverPark Advisors LLC now owns 1,802 shares of the company’s stock worth $80,000 after buying an additional 1,411 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors.
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.
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