Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman Sells 3,853 Shares

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 3,853 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.45, for a total transaction of $132,735.85. Following the completion of the transaction, the general counsel now owns 203,077 shares of the company’s stock, valued at approximately $6,996,002.65. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 value of $128,123.14.
• On Thursday, September 5th, Susan Wiseman sold 3,447 shares of Braze stock. The shares were sold at an average price of $44.00, for a total transaction of $151,668.00.
• On Tuesday, September 3rd, Susan Wiseman sold 8,553 shares of Braze stock. The shares were sold at an average price of $44.31, for a total transaction of $378,983.43.

Braze Price Performance

Shares of Braze stock traded down $0.18 on Wednesday, hitting $36.02. 934,946 shares of the company’s stock traded hands, compared to its average volume of 1,029,993. Braze, Inc. has a one year low of $29.18 and a one year high of $61.53. The stock has a market capitalization of $3.70 billion, a PE ratio of -30.53 and a beta of 1.03. The firm’s 50-day moving average price is $32.83 and its two-hundred day moving average price is $37.49.

Braze (NASDAQ:BRZE) last announced its earnings results on Thursday, September 5th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.12. The firm had revenue of $145.50 million for the quarter, compared to the consensus estimate of $141.32 million. Braze had a negative net margin of 22.01% and a negative return on equity of 25.89%. The business’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period last year, the company posted ($0.30) EPS. On average, analysts forecast that Braze, Inc. will post -1.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in shares of Braze during the 1st quarter worth approximately $114,000. Sei Investments Co. boosted its holdings in Braze by 12.9% in the 1st quarter. Sei Investments Co. now owns 112,970 shares of the company’s stock valued at $5,005,000 after purchasing an additional 12,878 shares during the period. US Bancorp DE raised its holdings in Braze by 59.6% in the 1st quarter. US Bancorp DE now owns 18,720 shares of the company’s stock valued at $829,000 after acquiring an additional 6,991 shares in the last quarter. ProShare Advisors LLC raised its stake in Braze by 15.2% in the first quarter. ProShare Advisors LLC now owns 13,999 shares of the company’s stock valued at $620,000 after purchasing an additional 1,849 shares in the last quarter. Finally, Blair William & Co. IL lifted its holdings in shares of Braze by 37.2% during the 1st quarter. Blair William & Co. IL now owns 12,645 shares of the company’s stock worth $560,000 after acquiring an additional 3,431 shares during the period. 90.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BRZE. Stifel Nicolaus started coverage on Braze in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $37.00 price objective on the stock. DA Davidson cut their price target on shares of Braze from $65.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. UBS Group dropped their target price on shares of Braze from $56.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. TD Cowen dropped their price target on Braze from $52.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $68.00 target price on shares of Braze in a report on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.47.

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.