Insider Selling: Braze, Inc. (NASDAQ:BRZE) General Counsel Sells 3,925 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 3,925 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $40.82, for a total transaction of $160,218.50. Following the sale, the general counsel now owns 185,595 shares of the company’s stock, valued at approximately $7,575,987.90. This represents a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, February 20th, Susan Wiseman sold 3,486 shares of Braze stock. The stock was sold at an average price of $40.02, for a total value of $139,509.72.
• On Monday, January 27th, Susan Wiseman sold 10,000 shares of Braze stock. The shares were sold at an average price of $47.22, for a total value of $472,200.00.
• 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 stock was sold at an average price of $45.09, for a total transaction 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 transaction of $125,550.00.

Braze Trading Down 0.4 %

Shares of BRZE stock opened at $40.66 on Friday. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of -35.67 and a beta of 1.13. Braze, Inc. has a 12-month low of $29.18 and a 12-month high of $59.12. The stock’s 50-day moving average price is $43.46 and its 200-day moving average price is $39.02.

Hedge Funds Weigh In On Braze

Several institutional investors have recently added to or reduced their stakes in BRZE. Tower Research Capital LLC TRC raised its holdings in shares of Braze by 168.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 405 shares in the last quarter. Aster Capital Management DIFC Ltd increased its position in Braze by 9,188.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company’s stock worth $35,000 after purchasing an additional 827 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Braze by 8,436.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 939 shares of the company’s stock valued at $39,000 after purchasing an additional 928 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Braze in the fourth quarter worth about $47,000. Finally, KBC Group NV lifted its holdings in shares of Braze by 41.5% in the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after acquiring an additional 615 shares during the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BRZE. William Blair reissued an “outperform” rating on shares of Braze in a research report on Thursday, December 19th. Macquarie boosted their price target on Braze from $30.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, December 11th. Citigroup upped their price target on Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Wells Fargo & Company lowered their price objective on Braze from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Braze in a report on Monday, February 3rd. One analyst has rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.74.

About Braze

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.