Braze, Inc. (NASDAQ:BRZE) Director Sells $64,695.00 in Stock

Braze, Inc. (NASDAQ:BRZE) Director Phillip M. Fernandez sold 1,500 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $43.13, for a total transaction of $64,695.00. Following the sale, the director now owns 15,269 shares in the company, valued at approximately $658,551.97. This trade represents a 8.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Braze Trading Up 0.0 %

Shares of BRZE opened at $44.11 on Monday. The firm has a fifty day simple moving average of $41.22 and a two-hundred day simple moving average of $38.48. The firm has a market cap of $4.56 billion, a PE ratio of -38.69 and a beta of 1.11. Braze, Inc. has a 1-year low of $29.18 and a 1-year high of $61.53.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BRZE shares. Wells Fargo & Company dropped their price objective on shares of Braze from $65.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. DA Davidson dropped their price target on Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Braze in a research report on Wednesday, January 15th. The Goldman Sachs Group dropped their target price on Braze from $65.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Finally, Loop Capital restated a “buy” rating and set a $75.00 price target on shares of Braze in a report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, Braze has a consensus rating of “Moderate Buy” and an average price target of $53.74.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Braze by 146.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,808,577 shares of the company’s stock valued at $58,489,000 after purchasing an additional 1,075,998 shares during the last quarter. Stephens Investment Management Group LLC bought a new position in Braze in the third quarter worth approximately $20,794,000. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Braze by 69.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,494,100 shares of the company’s stock worth $48,319,000 after acquiring an additional 612,400 shares during the last quarter. Granite Investment Partners LLC bought a new stake in shares of Braze during the 2nd quarter valued at $12,925,000. Finally, State Street Corp increased its stake in shares of Braze by 21.5% in the 3rd quarter. State Street Corp now owns 1,575,701 shares of the company’s stock worth $50,958,000 after purchasing an additional 279,050 shares in the last quarter. Institutional investors own 90.47% of the company’s stock.

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.