Susan Wiseman Sells 3,925 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 3,925 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $40.82, for a total transaction of $160,218.50. Following the completion of the sale, the general counsel now owns 185,595 shares in the company, valued at $7,575,987.90. The trade was a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Thursday, February 20th, Susan Wiseman sold 3,486 shares of Braze stock. The shares were sold at an average price of $40.02, for a total value of $139,509.72.
• On Monday, January 27th, Susan Wiseman sold 10,000 shares of Braze stock. The stock was sold at an average price of $47.22, for a total value of $472,200.00.
• On Monday, January 6th, Susan Wiseman sold 14,000 shares of Braze stock. The stock was sold at an average price of $45.52, for a total value of $637,280.00.
• On Wednesday, December 18th, Susan Wiseman sold 41,210 shares of Braze stock. The shares were sold at an average price of $45.09, for a total value of $1,858,158.90.
• On Monday, December 16th, Susan Wiseman sold 2,790 shares of Braze stock. The stock was sold at an average price of $45.00, for a total transaction of $125,550.00.

Braze Stock Down 2.7 %

Shares of NASDAQ:BRZE opened at $39.55 on Friday. The company has a 50-day moving average price of $43.42 and a 200 day moving average price of $39.03. Braze, Inc. has a 52 week low of $29.18 and a 52 week high of $59.12. The company has a market cap of $4.09 billion, a P/E ratio of -34.69 and a beta of 1.13.

Wall Street Analyst Weigh In

Several brokerages recently commented on BRZE. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target on shares of Braze in a research note on Monday, February 3rd. Citigroup boosted their target price on Braze from $47.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Piper Sandler upped their target price on Braze from $40.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Macquarie boosted their price objective on Braze from $30.00 to $39.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Finally, The Goldman Sachs Group lowered their target price on shares of Braze from $65.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $53.74.

Institutional Trading of Braze

Several hedge funds have recently modified their holdings of the business. State of Wyoming acquired a new position in Braze during the fourth quarter worth $197,000. ProShare Advisors LLC boosted its position in shares of Braze by 33.8% during the 4th quarter. ProShare Advisors LLC now owns 24,536 shares of the company’s stock worth $1,028,000 after purchasing an additional 6,200 shares in the last quarter. Nomura Holdings Inc. acquired a new position in shares of Braze during the 4th quarter worth $1,686,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Braze by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,524 shares of the company’s stock valued at $1,572,000 after purchasing an additional 1,427 shares in the last quarter. Finally, LMR Partners LLP acquired a new stake in shares of Braze in the fourth quarter valued at about $9,258,000. 90.47% of the stock is owned by institutional investors and hedge funds.

About Braze

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.