Insider Selling: Braze, Inc. (NASDAQ:BRZE) General Counsel Sells 14,000 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 14,000 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $45.52, for a total value of $637,280.00. Following the completion of the transaction, the general counsel now directly owns 199,520 shares in the company, valued at approximately $9,082,150.40. This represents a 6.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, December 18th, Susan Wiseman sold 41,210 shares of Braze stock. The shares were sold at an average price of $45.09, for a total value of $1,858,158.90.
• On Monday, December 16th, Susan Wiseman sold 2,790 shares of Braze stock. The stock was sold at an average price of $45.00, for a total transaction of $125,550.00.
• 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 transaction of $128,123.14.
• On Monday, November 18th, Susan Wiseman sold 3,853 shares of Braze stock. The stock was sold at an average price of $34.45, for a total transaction of $132,735.85.

Braze Stock Performance

NASDAQ BRZE traded down $0.45 during trading hours on Wednesday, reaching $44.15. 910,053 shares of the company’s stock were exchanged, compared to its average volume of 1,424,351. Braze, Inc. has a one year low of $29.18 and a one year high of $61.53. The company’s 50-day moving average is $39.78 and its two-hundred day moving average is $38.21. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of -38.73 and a beta of 1.11.

Institutional Investors Weigh In On Braze

Large investors have recently made changes to their positions in the stock. Quarry LP bought a new stake in Braze in the 2nd quarter valued at $50,000. KBC Group NV lifted its holdings in shares of Braze by 41.5% in the third 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 boosted 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 buying an additional 358 shares during the period. 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 stake in Braze in the 2nd quarter valued at approximately $229,000. Institutional investors own 90.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. JMP Securities reissued a “market outperform” rating and issued a $68.00 target price on shares of Braze in a research note on Tuesday, September 24th. Loop Capital reiterated a “buy” rating and issued a $75.00 price objective on shares of Braze in a research report on Tuesday, September 24th. Citigroup upped their target price on shares of Braze from $47.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. DA Davidson lowered their price target on shares of Braze from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th. Finally, Piper Sandler increased their price objective on shares of Braze from $40.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, Braze presently has an average rating of “Moderate Buy” and an average price target of $53.74.

Braze Company Profile

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.