Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman Sells 2,790 Shares

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 2,790 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $45.00, for a total value of $125,550.00. Following the completion of the transaction, the general counsel now directly owns 199,520 shares in the company, valued at $8,978,400. This trade represents a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 Monday, November 18th, Susan Wiseman sold 3,853 shares of Braze stock. The shares were sold at an average price of $34.45, for a total value of $132,735.85.

Braze Price Performance

BRZE traded down $1.38 on Wednesday, reaching $43.37. The company’s stock had a trading volume of 2,331,207 shares, compared to its average volume of 1,092,428. Braze, Inc. has a 1 year low of $29.18 and a 1 year high of $61.53. The business’s 50 day moving average is $35.97 and its 200 day moving average is $37.41. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of -38.04 and a beta of 1.15.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Braze from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Tuesday, November 26th. Loop Capital reissued a “buy” rating and issued a $75.00 price objective on shares of Braze in a research report on Tuesday, September 24th. DA Davidson reduced their target price on shares of Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, December 10th. TD Cowen decreased their price target on shares of Braze from $52.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Finally, Stifel Nicolaus raised their price objective on Braze from $37.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $53.74.

Institutional Trading of Braze

A number of hedge funds have recently made changes to their positions in the stock. Quarry LP acquired a new stake in Braze in the second quarter valued at $50,000. KBC Group NV raised its stake in shares of Braze by 41.5% in the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock valued at $68,000 after purchasing an additional 615 shares in the last quarter. Amalgamated Bank lifted its position in shares of Braze by 18.9% during the third 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 bought a new position in shares of Braze during the second quarter worth about $215,000. Finally, Canada Pension Plan Investment Board acquired a new position in Braze in the second quarter worth 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.