Insider Selling: Braze, Inc. (NASDAQ:BRZE) General Counsel Sells $136,662.78 in Stock

Braze, Inc. (NASDAQ:BRZE) 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.

Braze (NASDAQ:BRZE) last issued its quarterly earnings results on Thursday, June 6th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping 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%. Research analysts anticipate that Braze, Inc. will post -1.21 earnings per share for the current fiscal year.

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.

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.