Braze, Inc. (NASDAQ:BRZE) General Counsel Sells $132,735.85 in Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 3,853 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $34.45, for a total value of $132,735.85. Following the completion of the transaction, the general counsel now owns 203,077 shares of the company’s stock, valued at approximately $6,996,002.65. The trade was a 1.86 % decrease in their position. The transaction 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 Wednesday, November 20th, Susan Wiseman sold 3,557 shares of Braze stock. The shares were sold at an average price of $36.02, for a total value of $128,123.14.
• On Thursday, September 5th, Susan Wiseman sold 3,447 shares of Braze stock. The shares were sold at an average price of $44.00, for a total value of $151,668.00.
• On Tuesday, September 3rd, Susan Wiseman sold 8,553 shares of Braze stock. The shares were sold at an average price of $44.31, for a total value of $378,983.43.

Braze Price Performance

Shares of BRZE opened at $38.71 on Friday. Braze, Inc. has a one year low of $29.18 and a one year high of $61.53. The firm has a market capitalization of $3.98 billion, a P/E ratio of -32.80 and a beta of 1.03. The business has a fifty day moving average of $32.92 and a 200 day moving average of $37.48.

Braze (NASDAQ:BRZE) last issued its quarterly earnings data on Thursday, September 5th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.12. Braze had a negative return on equity of 25.89% and a negative net margin of 22.01%. The company had revenue of $145.50 million during the quarter, compared to analyst estimates of $141.32 million. During the same quarter in the previous year, the company posted ($0.30) earnings per share. Braze’s revenue was up 26.4% compared to the same quarter last year. Analysts expect that Braze, Inc. will post -1.02 EPS for the current fiscal year.

Institutional Trading of Braze

Several large investors have recently modified their holdings of the company. Covestor Ltd grew its holdings in Braze by 401.1% during the first quarter. Covestor Ltd now owns 922 shares of the company’s stock valued at $41,000 after purchasing an additional 738 shares during the period. Quarry LP bought a new stake in Braze during the second quarter valued at about $50,000. Comerica Bank grew 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 purchasing an additional 276 shares during the period. KBC Group NV grew its holdings in Braze by 41.5% during the third quarter. KBC Group NV now owns 2,097 shares of the company’s stock valued at $68,000 after purchasing an additional 615 shares during the period. Finally, Amalgamated Bank grew its holdings in Braze by 18.9% during the third quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock valued at $73,000 after purchasing an additional 358 shares during the period. Institutional investors own 90.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BRZE shares. UBS Group lowered their price objective on Braze from $56.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. TD Cowen lowered their price objective on Braze from $52.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. JMP Securities reiterated a “market outperform” rating and set a $68.00 price objective on shares of Braze in a research note on Tuesday, September 24th. Loop Capital reiterated a “buy” rating and set a $75.00 price objective on shares of Braze in a research note on Tuesday, September 24th. Finally, Piper Sandler decreased their price target on Braze from $51.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Braze has an average rating of “Moderate Buy” and a consensus target price of $54.47.

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.