Phillip M. Fernandez Sells 1,500 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) Director Phillip M. Fernandez sold 1,500 shares of the firm’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $41.46, for a total transaction of $62,190.00. Following the sale, the director now owns 15,269 shares of the company’s stock, valued at $633,052.74. This trade represents a 8.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Braze Trading Down 0.2 %

Shares of NASDAQ BRZE opened at $36.30 on Thursday. The business has a 50-day moving average of $39.16 and a 200-day moving average of $38.04. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of -31.84 and a beta of 1.17. Braze, Inc. has a 12 month low of $29.18 and a 12 month high of $48.33.

Braze (NASDAQ:BRZE) last released its quarterly earnings results on Thursday, March 27th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. The business had revenue of $160.40 million during the quarter, compared to analysts’ expectations of $155.72 million. Braze had a negative net margin of 20.41% and a negative return on equity of 24.88%. The business’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.04) EPS. On average, analysts predict that Braze, Inc. will post -0.98 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in shares of Braze by 168.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock worth $27,000 after purchasing an additional 405 shares in the last quarter. Aster Capital Management DIFC Ltd boosted its stake in Braze by 9,188.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company’s stock worth $35,000 after buying an additional 827 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Braze by 8,436.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 939 shares of the company’s stock valued at $39,000 after acquiring an additional 928 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Braze in the 4th quarter worth approximately $47,000. Finally, Plato Investment Management Ltd purchased a new stake in shares of Braze in the 4th quarter valued at $115,000. Institutional investors own 90.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BRZE shares. Canaccord Genuity Group increased their target price on shares of Braze from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, March 28th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Braze in a research report on Friday, March 28th. Piper Sandler upped their price target on Braze from $40.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Stifel Nicolaus set a $50.00 price objective on Braze and gave the stock a “buy” rating in a report on Friday, March 28th. Finally, DA Davidson reaffirmed a “buy” rating and set a $50.00 price objective on shares of Braze in a report on Wednesday, March 26th. One analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $53.00.

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.