Analysts Set Braze, Inc. (NASDAQ:BRZE) Target Price at $53.74

Shares of Braze, Inc. (NASDAQ:BRZE) have received a consensus rating of “Moderate Buy” from the twenty research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $53.74.

Several equities analysts have recently weighed in on BRZE shares. Wells Fargo & Company reduced their target price on shares of Braze from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Tuesday, November 26th. Macquarie boosted their target price on shares of Braze from $30.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, December 11th. Oppenheimer reaffirmed an “outperform” rating and issued a $51.00 price target on shares of Braze in a report on Tuesday, December 10th. Citigroup lifted their price target on Braze from $47.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, DA Davidson dropped their price objective on Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, December 10th.

Insider Buying and Selling at Braze

In related news, CAO Pankaj Malik sold 3,432 shares of the business’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 $118,232.40. Following the transaction, the chief accounting officer now owns 67,095 shares in the company, valued at $2,311,422.75. The trade was a 4.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Phillip M. Fernandez sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $42.02, for a total value of $63,030.00. Following the transaction, the director now directly owns 15,269 shares of the company’s stock, valued at $641,603.38. The trade was a 8.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 184,583 shares of company stock worth $7,797,668. 24.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Braze

Hedge funds have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV boosted its holdings in Braze by 2.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,340 shares of the company’s stock valued at $559,000 after acquiring an additional 316 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Braze by 3.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 10,828 shares of the company’s stock worth $453,000 after purchasing an additional 346 shares during the period. Amalgamated Bank boosted its stake in shares of Braze by 18.9% during the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock valued at $73,000 after purchasing an additional 358 shares in the last quarter. Creative Planning increased its position in shares of Braze by 1.7% during the second quarter. Creative Planning now owns 23,121 shares of the company’s stock valued at $898,000 after buying an additional 384 shares during the period. Finally, Tower Research Capital LLC TRC raised 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 buying an additional 405 shares in the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

Braze Stock Down 0.6 %

BRZE opened at $41.51 on Friday. Braze has a twelve month low of $29.18 and a twelve month high of $59.98. The company’s 50-day moving average price is $43.51 and its two-hundred day moving average price is $39.01. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of -36.41 and a beta of 1.13.

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.