Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles Sells 4,500 Shares

Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles sold 4,500 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $39.06, for a total value of $175,770.00. Following the completion of the sale, the chief financial officer now owns 242,627 shares of the company’s stock, valued at $9,477,010.62. The sale was disclosed in a filing with the SEC, which is available at this link.

Isabelle Winkles also recently made the following trade(s):

• On Monday, May 20th, Isabelle Winkles sold 4,096 shares of Braze stock. The stock was sold at an average price of $42.68, for a total value of $174,817.28.
• On Thursday, May 16th, Isabelle Winkles sold 8,205 shares of Braze stock. The stock was sold at an average price of $41.76, for a total value of $342,640.80.
• On Wednesday, May 1st, Isabelle Winkles sold 4,500 shares of Braze stock. The shares were sold at an average price of $40.93, for a total transaction of $184,185.00.
• On Thursday, April 11th, Isabelle Winkles sold 8,383 shares of Braze stock. The stock was sold at an average price of $42.80, for a total transaction of $358,792.40.

Braze Stock Down 2.3 %

Shares of NASDAQ:BRZE opened at $37.92 on Wednesday. The company has a market cap of $3.85 billion, a PE ratio of -29.63 and a beta of 1.06. Braze, Inc. has a fifty-two week low of $33.93 and a fifty-two week high of $61.53. The firm has a 50-day simple moving average of $38.98 and a 200 day simple moving average of $46.75.

Braze (NASDAQ:BRZE) last posted its earnings results on Thursday, June 6th. The company reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.01. The company had revenue of $135.46 million during the quarter, compared to analyst estimates of $131.56 million. Braze had a negative return on equity of 27.85% and a negative net margin of 25.06%. As a group, research analysts forecast that Braze, Inc. will post -1.21 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BRZE shares. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price target on shares of Braze in a research note on Monday, June 17th. Oppenheimer reaffirmed an “outperform” rating and set a $60.00 target price on shares of Braze in a research report on Wednesday, June 12th. JPMorgan Chase & Co. reduced their price target on Braze from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, March 28th. Citigroup lifted their price objective on Braze from $52.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Finally, UBS Group raised Braze from a “neutral” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Thursday, March 21st. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Braze currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.88.

Institutional Investors Weigh In On Braze

Several large investors have recently added to or reduced their stakes in the stock. Neo Ivy Capital Management bought a new position in shares of Braze during the fourth quarter worth about $40,000. Covestor Ltd boosted its stake in Braze by 401.1% during the 1st quarter. Covestor Ltd now owns 922 shares of the company’s stock valued at $41,000 after purchasing an additional 738 shares during the period. Canton Hathaway LLC bought a new position in Braze in the 4th quarter worth about $42,000. Comerica Bank grew its position in Braze by 29.4% in the 1st quarter. Comerica Bank now owns 1,216 shares of the company’s stock worth $54,000 after purchasing an additional 276 shares during the last quarter. Finally, RiverPark Advisors LLC increased its stake in shares of Braze by 360.9% in the first quarter. RiverPark Advisors LLC now owns 1,802 shares of the company’s stock valued at $80,000 after purchasing an additional 1,411 shares during the period. 90.47% of the stock is owned by institutional investors and hedge funds.

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.