Insider Selling: Braze, Inc. (NASDAQ:BRZE) Director Sells 1,500 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) Director Phillip M. Fernandez sold 1,500 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $43.13, for a total transaction of $64,695.00. Following the completion of the transaction, the director now directly owns 15,269 shares in the company, valued at $658,551.97. The trade was a 8.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Braze Stock Up 0.0 %

Shares of BRZE stock traded up $0.02 during trading hours on Friday, hitting $44.11. 1,458,037 shares of the company were exchanged, compared to its average volume of 1,237,076. The firm has a market cap of $4.56 billion, a PE ratio of -38.69 and a beta of 1.11. The firm has a fifty day moving average of $41.03 and a 200 day moving average of $38.46. Braze, Inc. has a 1 year low of $29.18 and a 1 year high of $61.53.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wells Fargo & Company decreased their price objective on shares of Braze from $65.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, November 26th. Oppenheimer reiterated an “outperform” rating and set a $51.00 price target on shares of Braze in a report on Tuesday, December 10th. UBS Group reduced their price objective on Braze from $56.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Piper Sandler increased their target price on Braze from $40.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, William Blair reiterated an “outperform” rating on shares of Braze in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Braze presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.74.

Institutional Trading of Braze

Institutional investors and hedge funds have recently modified their holdings of the business. Moody National Bank Trust Division bought a new position in shares of Braze in the fourth quarter valued at approximately $233,000. Harbor Capital Advisors Inc. boosted its position in Braze by 3.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,828 shares of the company’s stock worth $453,000 after acquiring an additional 346 shares during the period. Modus Advisors LLC acquired a new stake in shares of Braze during the 4th quarter valued at $253,000. JPMorgan Chase & Co. grew its stake in Braze by 146.9% in the third quarter. JPMorgan Chase & Co. now owns 1,808,577 shares of the company’s stock valued at $58,489,000 after purchasing an additional 1,075,998 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Braze in the third quarter worth approximately $253,000. 90.47% of the stock is owned by institutional investors and hedge funds.

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.