Braze, Inc. (NASDAQ:BRZE) General Counsel Sells $1,858,158.90 in Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 41,210 shares of Braze stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $45.09, for a total value of $1,858,158.90. Following the transaction, the general counsel now owns 199,520 shares in the company, valued at $8,996,356.80. This represents a 17.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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 value of $125,550.00.
• On Wednesday, November 20th, Susan Wiseman sold 3,557 shares of Braze stock. The shares were sold at an average price of $36.02, for a total transaction of $128,123.14.
• On Monday, November 18th, Susan Wiseman sold 3,853 shares of Braze stock. The stock was sold at an average price of $34.45, for a total value of $132,735.85.

Braze Trading Up 0.7 %

NASDAQ:BRZE traded up $0.31 during mid-day trading on Friday, hitting $44.31. 2,463,202 shares of the company’s stock traded hands, compared to its average volume of 1,100,494. The firm has a 50 day moving average of $36.25 and a two-hundred day moving average of $37.46. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of -38.87 and a beta of 1.15. Braze, Inc. has a 12 month low of $29.18 and a 12 month high of $61.53.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BRZE. Loop Capital reaffirmed a “buy” rating and issued a $75.00 target price on shares of Braze in a research report on Tuesday, September 24th. William Blair restated an “outperform” rating on shares of Braze in a report on Thursday. JMP Securities reiterated a “market outperform” rating and issued a $68.00 target price on shares of Braze in a research note on Tuesday, September 24th. DA Davidson decreased their target price on shares of Braze from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company cut their price target on shares of Braze from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Tuesday, November 26th. One analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.74.

Institutional Investors Weigh In On Braze

Several hedge funds have recently modified their holdings of the business. Quarry LP bought a new position in Braze during the second quarter worth $50,000. KBC Group NV boosted its holdings in Braze by 41.5% in the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock valued at $68,000 after purchasing an additional 615 shares during the period. Amalgamated Bank grew its position in Braze by 18.9% in the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after purchasing an additional 358 shares during the last quarter. Evoke Wealth LLC bought a new position in shares of Braze during the 2nd quarter worth about $215,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Braze during the second quarter valued at about $229,000. 90.47% of the stock is owned by institutional investors.

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.