Jonathan Hyman Sells 5,210 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 5,210 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $40.82, for a total transaction of $212,672.20. Following the sale, the chief technology officer now owns 157,810 shares in the company, valued at $6,441,804.20. This trade represents a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Braze Stock Down 0.4 %

Shares of Braze stock traded down $0.18 during trading on Thursday, reaching $40.66. The company’s stock had a trading volume of 1,315,267 shares, compared to its average volume of 1,127,326. The business’s 50-day moving average price is $43.46 and its 200-day moving average price is $39.02. The firm has a market cap of $4.21 billion, a PE ratio of -35.67 and a beta of 1.13. Braze, Inc. has a 52 week low of $29.18 and a 52 week high of $59.12.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BRZE shares. The Goldman Sachs Group lowered their price objective on shares of Braze from $65.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Braze in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on shares of Braze from $55.00 to $47.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company decreased 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. Finally, Oppenheimer reissued an “outperform” rating and issued a $51.00 target price on shares of Braze in a research note on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.74.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV raised its stake in Braze by 2.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,340 shares of the company’s stock worth $559,000 after acquiring an additional 316 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in Braze by 3.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,828 shares of the company’s stock worth $453,000 after acquiring an additional 346 shares in the last quarter. Amalgamated Bank raised its stake in Braze by 18.9% during the third quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after acquiring an additional 358 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Braze by 168.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 405 shares in the last quarter. Finally, KBC Group NV raised its stake in Braze by 41.5% during the third quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after acquiring an additional 615 shares in the last quarter. Institutional investors and hedge funds 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.