Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman Sells 41,210 Shares

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 41,210 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $45.09, for a total value of $1,858,158.90. Following the sale, the general counsel now owns 199,520 shares in the company, valued at approximately $8,996,356.80. This represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, December 16th, Susan Wiseman sold 2,790 shares of Braze stock. The stock was sold at an average price of $45.00, for a total transaction 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 transaction of $128,123.14.
• On Monday, November 18th, Susan Wiseman sold 3,853 shares of Braze stock. The stock was sold at an average price of $34.45, for a total transaction of $132,735.85.

Braze Price Performance

Shares of BRZE stock traded up $0.31 during trading hours on Friday, reaching $44.31. 2,463,202 shares of the company were exchanged, compared to its average volume of 1,100,494. The company has a market cap of $4.55 billion, a price-to-earnings ratio of -38.87 and a beta of 1.15. The stock’s fifty day moving average is $36.25 and its two-hundred day moving average is $37.46. Braze, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $61.53.

Wall Street Analyst Weigh In

BRZE has been the subject of a number of analyst reports. JMP Securities restated a “market outperform” rating and set a $68.00 price target on shares of Braze in a research note on Tuesday, September 24th. Oppenheimer reissued an “outperform” rating and issued a $51.00 target price on shares of Braze in a report on Tuesday, December 10th. Barclays decreased their price target on Braze from $80.00 to $70.00 and set an “overweight” rating on the stock in a research note on Monday, August 26th. Citigroup upped their price target on Braze from $47.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. cut their price objective on Braze from $55.00 to $47.00 and set an “overweight” rating for the company in a report on Friday, October 25th. One research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, Braze has an average rating of “Moderate Buy” and an average target price of $53.74.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Braze in the 2nd quarter valued at $50,000. KBC Group NV increased its position in Braze by 41.5% in the third 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 period. Amalgamated Bank raised its holdings in Braze by 18.9% during the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after purchasing an additional 358 shares during the last quarter. Evoke Wealth LLC acquired a new position in Braze during the 2nd quarter valued at about $215,000. Finally, Canada Pension Plan Investment Board acquired a new position in Braze during the 2nd quarter valued at about $229,000. Institutional investors and hedge funds own 90.47% of the company’s stock.

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.