Braze, Inc. (NASDAQ:BRZE) Insider Myles Kleeger Sells 7,149 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) insider Myles Kleeger sold 7,149 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $40.82, for a total value of $291,822.18. Following the transaction, the insider now directly owns 177,247 shares in the company, valued at approximately $7,235,222.54. This represents a 3.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Myles Kleeger also recently made the following trade(s):

• On Thursday, February 20th, Myles Kleeger sold 8,365 shares of Braze stock. The stock was sold at an average price of $40.12, for a total value of $335,603.80.
• On Monday, January 6th, Myles Kleeger sold 10,000 shares of Braze stock. The stock was sold at an average price of $45.43, for a total value of $454,300.00.
• On Wednesday, December 18th, Myles Kleeger sold 37,900 shares of Braze stock. The stock was sold at an average price of $45.11, for a total value of $1,709,669.00.
• On Monday, December 16th, Myles Kleeger sold 2,100 shares of Braze stock. The stock was sold at an average price of $45.00, for a total value of $94,500.00.

Braze Stock Performance

Shares of BRZE stock 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 cap of $4.21 billion, a PE ratio of -35.67 and a beta of 1.13. The business’s fifty day moving average is $43.46 and its 200-day moving average is $39.02.

Wall Street Analyst Weigh In

A number of research firms have commented on BRZE. Piper Sandler increased their target price on Braze from $40.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. William Blair reissued an “outperform” rating on shares of Braze in a report on Thursday, December 19th. Macquarie raised their price target on Braze from $30.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. Wells Fargo & Company cut their price target on Braze from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Tuesday, November 26th. Finally, Citigroup raised their price target on Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.74.

Hedge Funds Weigh In On Braze

Several hedge funds have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV increased its position in shares of Braze by 2.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,340 shares of the company’s stock valued at $559,000 after purchasing an additional 316 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Braze by 3.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,828 shares of the company’s stock valued at $453,000 after purchasing an additional 346 shares during the period. Amalgamated Bank increased its position 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 during the period. Tower Research Capital LLC TRC increased its position in shares of Braze by 168.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock valued at $27,000 after purchasing an additional 405 shares during the period. Finally, KBC Group NV grew its holdings in shares of Braze by 41.5% in the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after acquiring an additional 615 shares during the last quarter. 90.47% of the stock is currently 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.