Braze, Inc. (NASDAQ:BRZE) General Counsel Sells $322,800.00 in Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 7,500 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $43.04, for a total transaction of $322,800.00. Following the sale, the general counsel now owns 214,340 shares of the company’s stock, valued at $9,225,193.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, July 25th, Susan Wiseman sold 7,079 shares of Braze stock. The shares were sold at an average price of $42.18, for a total value of $298,592.22.
• On Wednesday, July 17th, Susan Wiseman sold 5,496 shares of Braze stock. The stock was sold at an average price of $42.00, for a total value of $230,832.00.
• On Thursday, July 11th, Susan Wiseman sold 3,558 shares of Braze stock. The shares were sold at an average price of $38.41, for a total value of $136,662.78.
• On Thursday, May 16th, Susan Wiseman sold 3,833 shares of Braze stock. The stock was sold at an average price of $41.76, for a total transaction of $160,066.08.

Braze Price Performance

Shares of NASDAQ:BRZE opened at $39.24 on Friday. The stock’s fifty day moving average price is $38.58 and its 200-day moving average price is $45.46. Braze, Inc. has a 1 year low of $33.93 and a 1 year high of $61.53. The company has a market cap of $3.99 billion, a P/E ratio of -30.66 and a beta of 1.07.

Braze (NASDAQ:BRZE) last issued its quarterly earnings data on Thursday, June 6th. The company reported ($0.35) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.01. Braze had a negative return on equity of 27.85% and a negative net margin of 25.06%. The company had revenue of $135.46 million during the quarter, compared to analyst estimates of $131.56 million. On average, sell-side analysts anticipate that Braze, Inc. will post -1.21 earnings per share for the current year.

Institutional Investors Weigh In On Braze

Several hedge funds and other institutional investors have recently made changes to their positions in BRZE. Comerica Bank increased 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 buying an additional 276 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Braze by 17.8% during the first quarter. Advisors Asset Management Inc. now owns 1,917 shares of the company’s stock valued at $85,000 after purchasing an additional 290 shares in the last quarter. American International Group Inc. grew its holdings in Braze by 1.2% during the first quarter. American International Group Inc. now owns 26,369 shares of the company’s stock valued at $1,168,000 after purchasing an additional 310 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Braze by 2.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,831 shares of the company’s stock worth $1,266,000 after buying an additional 588 shares in the last quarter. Finally, Covestor Ltd raised its stake in shares of Braze by 401.1% in the first quarter. Covestor Ltd now owns 922 shares of the company’s stock worth $41,000 after buying an additional 738 shares during the period. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on BRZE. Needham & Company LLC restated a “buy” rating and issued a $70.00 price objective on shares of Braze in a report on Monday, June 17th. Scotiabank upgraded Braze from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $48.00 to $56.00 in a research report on Wednesday, July 10th. BTIG Research reduced their price target on Braze from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. JMP Securities restated a “market outperform” rating and set a $68.00 target price on shares of Braze in a report on Friday, June 7th. Finally, Wells Fargo & Company lowered their price target on shares of Braze from $75.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, April 29th. Seventeen equities research analysts have rated the stock with a buy rating, According to MarketBeat, Braze currently has an average rating of “Buy” and an average target price of $61.13.

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.