Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman Sells 3,853 Shares

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 3,853 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.45, for a total value of $132,735.85. Following the completion of the transaction, the general counsel now directly owns 203,077 shares of the company’s stock, valued at approximately $6,996,002.65. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, November 20th, Susan Wiseman sold 3,557 shares of Braze stock. The stock was sold at an average price of $36.02, for a total value of $128,123.14.
• On Thursday, September 5th, Susan Wiseman sold 3,447 shares of Braze stock. The stock was sold at an average price of $44.00, for a total value of $151,668.00.
• 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.

Braze Price Performance

Shares of BRZE stock opened at $38.71 on Friday. The company has a market cap of $3.98 billion, a PE ratio of -32.80 and a beta of 1.03. The stock’s 50 day simple moving average is $32.92 and its two-hundred day simple moving average is $37.48. Braze, Inc. has a 1 year low of $29.18 and a 1 year high of $61.53.

Braze (NASDAQ:BRZE) last released its earnings results on Thursday, September 5th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.12. The firm had revenue of $145.50 million for the quarter, compared to analysts’ expectations of $141.32 million. Braze had a negative return on equity of 25.89% and a negative net margin of 22.01%. The company’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.30) earnings per share. Equities research analysts expect that Braze, Inc. will post -1.02 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. UBS Group dropped their price objective on Braze from $56.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. The Goldman Sachs Group dropped their price objective on Braze from $65.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Piper Sandler decreased their target price on Braze from $51.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Barclays decreased their target price on Braze from $80.00 to $70.00 and set an “overweight” rating on the stock in a research report on Monday, August 26th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $68.00 target price on shares of Braze in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $54.47.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BRZE. Covestor Ltd boosted its position in Braze by 401.1% during the 1st quarter. Covestor Ltd now owns 922 shares of the company’s stock valued at $41,000 after acquiring an additional 738 shares in the last quarter. Quarry LP purchased a new position in Braze in the 2nd quarter worth $50,000. Comerica Bank raised its stake in Braze by 29.4% in the 1st quarter. Comerica Bank now owns 1,216 shares of the company’s stock worth $54,000 after acquiring an additional 276 shares during the last quarter. KBC Group NV raised its stake in 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. Finally, Amalgamated Bank raised its stake in shares of Braze by 18.9% during the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock valued at $73,000 after buying an additional 358 shares during the last quarter. Institutional investors 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.