Pankaj Malik Sells 2,585 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) CAO Pankaj Malik sold 2,585 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $40.82, for a total value of $105,519.70. Following the sale, the chief accounting officer now directly owns 52,199 shares of the company’s stock, valued at $2,130,763.18. This represents a 4.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Pankaj Malik also recently made the following trade(s):

• On Monday, January 6th, Pankaj Malik sold 3,700 shares of Braze stock. The shares were sold at an average price of $45.77, for a total value of $169,349.00.
• On Monday, December 16th, Pankaj Malik sold 4,656 shares of Braze stock. The shares were sold at an average price of $43.65, for a total value of $203,234.40.
• On Friday, December 13th, Pankaj Malik sold 3,955 shares of Braze stock. The shares were sold at an average price of $41.41, for a total value of $163,776.55.

Braze Stock Down 0.4 %

NASDAQ:BRZE traded down $0.18 during midday trading on Thursday, hitting $40.66. The stock had a trading volume of 1,315,267 shares, compared to its average volume of 1,127,326. Braze, Inc. has a one year low of $29.18 and a one year high of $59.12. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of -35.67 and a beta of 1.13. The stock has a 50-day moving average of $43.46 and a 200 day moving average of $39.02.

Analysts Set New Price Targets

Several brokerages have recently commented on BRZE. Wells Fargo & Company lowered their price objective on Braze from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 26th. Macquarie boosted their target price on Braze from $30.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. William Blair reiterated an “outperform” rating on shares of Braze in a research report on Thursday, December 19th. Piper Sandler boosted their target price on Braze from $40.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $51.00 target price on shares of Braze in a research report on Tuesday, December 10th. One analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.74.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its stake in Braze by 168.0% in the fourth 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 position in Braze by 9,188.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company’s stock valued at $35,000 after acquiring an additional 827 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Braze by 8,436.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 939 shares of the company’s stock valued at $39,000 after acquiring an additional 928 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Braze during the 4th quarter valued at $47,000. Finally, KBC Group NV boosted its position in Braze by 41.5% during the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock valued at $68,000 after acquiring an additional 615 shares in 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.