Insider Selling: Braze, Inc. (NASDAQ:BRZE) General Counsel Sells $151,668.00 in Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 3,447 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $44.00, for a total value of $151,668.00. Following the transaction, the general counsel now directly owns 206,930 shares of the company’s stock, valued at approximately $9,104,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, September 3rd, Susan Wiseman sold 8,553 shares of Braze stock. The stock was sold at an average price of $44.31, for a total value of $378,983.43.
• On Tuesday, August 20th, Susan Wiseman sold 3,577 shares of Braze stock. The shares were sold at an average price of $43.58, for a total value of $155,885.66.
• On Friday, August 16th, Susan Wiseman sold 3,833 shares of Braze stock. The shares were sold at an average price of $41.37, for a total transaction of $158,571.21.
• On Thursday, August 1st, Susan Wiseman sold 12,000 shares of Braze stock. The stock was sold at an average price of $42.48, for a total transaction of $509,760.00.
• On Monday, July 29th, Susan Wiseman sold 7,500 shares of Braze stock. The shares were sold at an average price of $43.04, for a total transaction of $322,800.00.
• On Thursday, July 25th, Susan Wiseman sold 7,079 shares of Braze stock. The stock was 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 shares were 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.

Braze Stock Performance

Shares of BRZE stock opened at $34.63 on Thursday. The stock has a market capitalization of $3.52 billion, a P/E ratio of -27.05 and a beta of 1.07. The company has a 50 day moving average price of $40.94 and a 200 day moving average price of $42.46. Braze, Inc. has a fifty-two week low of $33.24 and a fifty-two week high of $61.53.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.12. The firm had revenue of $145.50 million during the quarter, compared to analysts’ expectations of $141.32 million. Braze had a negative net margin of 22.01% and a negative return on equity of 26.10%. The business’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.30) earnings per share. On average, research analysts forecast that Braze, Inc. will post -1.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BRZE. Swiss National Bank grew its holdings in shares of Braze by 1.5% in the fourth quarter. Swiss National Bank now owns 92,700 shares of the company’s stock valued at $4,925,000 after purchasing an additional 1,400 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Braze by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 397,593 shares of the company’s stock worth $21,124,000 after acquiring an additional 20,798 shares during the last quarter. AGF Management Ltd. purchased a new position in Braze in the fourth quarter worth approximately $3,282,000. Jump Financial LLC purchased a new position in Braze in the fourth quarter worth approximately $2,508,000. Finally, Principal Financial Group Inc. lifted its stake in Braze by 24.9% in the fourth quarter. Principal Financial Group Inc. now owns 116,989 shares of the company’s stock worth $6,216,000 after acquiring an additional 23,322 shares during the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Piper Sandler reissued an “overweight” rating and set a $51.00 price target on shares of Braze in a research report on Friday, September 6th. Needham & Company LLC restated a “buy” rating and set a $70.00 price objective on shares of Braze in a research report on Friday, September 6th. Raymond James cut their price objective on shares of Braze from $65.00 to $55.00 and set an “outperform” rating for the company in a research report on Friday, June 7th. Canaccord Genuity Group raised their price objective on shares of Braze from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Finally, Barclays cut their price objective on shares of Braze from $80.00 to $70.00 and set an “overweight” rating for the company in a research report on Monday, August 26th. Seventeen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $60.50.

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.