Braze, Inc. (NASDAQ:BRZE) Director Sells $61,950.00 in Stock

Braze, Inc. (NASDAQ:BRZE) Director Phillip M. Fernandez sold 1,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $41.30, for a total transaction of $61,950.00. Following the sale, the director now directly owns 15,269 shares of the company’s stock, valued at approximately $630,609.70. This represents a 8.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Braze Stock Down 2.7 %

BRZE stock opened at $39.55 on Friday. Braze, Inc. has a 12-month low of $29.18 and a 12-month high of $59.12. The company has a market cap of $4.09 billion, a price-to-earnings ratio of -34.69 and a beta of 1.13. The company has a 50 day moving average of $43.42 and a two-hundred day moving average of $39.05.

Institutional Investors Weigh In On Braze

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV lifted its position in Braze by 2.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,340 shares of the company’s stock worth $559,000 after buying an additional 316 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in Braze by 3.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 10,828 shares of the company’s stock worth $453,000 after buying an additional 346 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 worth $73,000 after buying an additional 358 shares in the last quarter. Tower Research Capital LLC TRC increased its stake 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 purchasing an additional 405 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Braze by 41.5% during the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after purchasing an additional 615 shares during the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on BRZE. Citigroup increased their target price on shares of Braze from $47.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Needham & Company LLC reissued a “buy” rating and set a $50.00 target price on shares of Braze in a research note on Monday, February 3rd. Wells Fargo & Company cut their target price on shares of Braze from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Tuesday, November 26th. Stifel Nicolaus increased their target price on shares of Braze from $37.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, DA Davidson cut their target price on shares of Braze from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Braze presently has a consensus rating of “Moderate Buy” and an average price target of $53.74.

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.