Insider Selling: Braze, Inc. (NASDAQ:BRZE) General Counsel Sells 10,000 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 10,000 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $47.22, for a total value of $472,200.00. Following the completion of the sale, the general counsel now directly owns 189,520 shares of the company’s stock, valued at approximately $8,949,134.40. This trade represents a 5.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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.
• 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 Monday, November 18th, Susan Wiseman sold 3,853 shares of Braze stock. The shares were sold at an average price of $34.45, for a total value of $132,735.85.

Braze Stock Up 0.3 %

Braze stock opened at $45.98 on Friday. The company has a market capitalization of $4.76 billion, a P/E ratio of -40.33 and a beta of 1.11. The stock’s 50 day moving average is $43.08 and its 200 day moving average is $38.95. Braze, Inc. has a twelve month low of $29.18 and a twelve month high of $61.53.

Analysts Set New Price Targets

A number of research analysts have commented on the company. William Blair reaffirmed an “outperform” rating on shares of Braze in a research report on Thursday, December 19th. Macquarie upped their price target on Braze from $30.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group lowered their price target on Braze from $65.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. DA Davidson lowered their price target on Braze from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th. Finally, Piper Sandler upped their price target on Braze from $40.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, Braze has a consensus rating of “Moderate Buy” and an average price target of $53.74.

Institutional Trading of Braze

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP bought a new position in Braze in the 2nd quarter valued at approximately $50,000. KBC Group NV lifted its position in Braze by 41.5% in the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock valued at $68,000 after acquiring an additional 615 shares in the last quarter. Amalgamated Bank lifted its position in Braze by 18.9% in the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock valued at $73,000 after acquiring an additional 358 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Braze in the 4th quarter valued at approximately $165,000. Finally, Moody National Bank Trust Division bought a new position in Braze in the 4th quarter valued at approximately $233,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

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.