Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman Sells 3,486 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 3,486 shares of Braze stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $40.02, for a total transaction of $139,509.72. Following the sale, the general counsel now owns 182,109 shares of the company’s stock, valued at approximately $7,288,002.18. This represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, February 18th, Susan Wiseman sold 3,925 shares of Braze stock. The shares were sold at an average price of $40.82, for a total transaction of $160,218.50.
• 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 transaction of $472,200.00.
• On Monday, January 6th, Susan Wiseman sold 14,000 shares of Braze stock. The shares were sold at an average price of $45.52, for a total transaction of $637,280.00.
• On Wednesday, December 18th, Susan Wiseman sold 41,210 shares of Braze stock. The stock was sold at an average price of $45.09, for a total transaction of $1,858,158.90.
• On Monday, December 16th, Susan Wiseman sold 2,790 shares of Braze stock. The shares were sold at an average price of $45.00, for a total transaction of $125,550.00.

Braze Trading Down 0.4 %

BRZE opened at $40.66 on Friday. Braze, Inc. has a 1-year low of $29.18 and a 1-year high of $59.12. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of -35.67 and a beta of 1.13. The business has a 50 day moving average of $43.46 and a 200-day moving average of $39.02.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Piper Sandler increased their price objective on shares of Braze from $40.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Oppenheimer restated an “outperform” rating and issued a $51.00 price target on shares of Braze in a report on Tuesday, December 10th. The Goldman Sachs Group lowered their price objective on shares of Braze from $65.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. JPMorgan Chase & Co. lowered their price objective on shares of Braze from $55.00 to $47.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Wells Fargo & Company lowered their price objective on shares of Braze from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $53.74.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BRZE. ShawSpring Partners LLC acquired a new position in shares of Braze in the fourth quarter valued at $62,837,000. Norges Bank acquired a new position in shares of Braze in the fourth quarter valued at $62,639,000. Vanguard Group Inc. raised its stake in shares of Braze by 21.1% in the fourth quarter. Vanguard Group Inc. now owns 8,464,161 shares of the company’s stock valued at $354,479,000 after purchasing an additional 1,476,423 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Braze by 121.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,197,407 shares of the company’s stock valued at $92,028,000 after purchasing an additional 1,203,149 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of Braze in the fourth quarter valued at $50,000,000. 90.47% of the stock is currently owned by institutional investors and hedge funds.

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.