Braze (BRZE) – Research Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Braze (NASDAQ: BRZE):

• 12/11/2024 – Braze had its price target raised by analysts at Macquarie from $30.00 to $39.00. They now have a “neutral” rating on the stock.
• 12/11/2024 – Braze had its price target raised by analysts at Citigroup Inc. from $47.00 to $51.00. They now have a “buy” rating on the stock.
• 12/10/2024 – Braze had its price target raised by analysts at Piper Sandler from $40.00 to $48.00. They now have an “overweight” rating on the stock.
• 12/10/2024 – Braze had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $51.00 price target on the stock.
• 12/10/2024 – Braze had its price target lowered by analysts at DA Davidson from $55.00 to $50.00. They now have a “buy” rating on the stock.
• 12/10/2024 – Braze had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $50.00 price target on the stock, down previously from $70.00.
• 12/10/2024 – Braze had its price target raised by analysts at Stifel Nicolaus from $37.00 to $48.00. They now have a “buy” rating on the stock.
• 11/26/2024 – Braze had its price target lowered by analysts at Wells Fargo & Company from $65.00 to $55.00. They now have an “overweight” rating on the stock.
• 11/12/2024 – Braze had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $65.00 to $47.00. They now have a “buy” rating on the stock.
• 10/31/2024 – Braze is now covered by analysts at Macquarie. They set a “neutral” rating and a $30.00 price target on the stock.
• 10/30/2024 – Braze was upgraded by analysts at Macquarie to a “hold” rating.
• 10/25/2024 – Braze had its price target lowered by analysts at JPMorgan Chase & Co. from $55.00 to $47.00. They now have an “overweight” rating on the stock.
• 10/22/2024 – Braze is now covered by analysts at Stifel Nicolaus. They set a “buy” rating and a $37.00 price target on the stock.

Braze Trading Up 3.5 %

Shares of Braze stock traded up $1.43 on Wednesday, hitting $42.38. 1,375,654 shares of the company traded hands, compared to its average volume of 1,080,317. Braze, Inc. has a 52 week low of $29.18 and a 52 week high of $61.53. The company has a market cap of $4.35 billion, a PE ratio of -37.18 and a beta of 1.15. The stock’s 50 day moving average price is $34.46 and its 200-day moving average price is $37.25.

Insider Buying and Selling at Braze

In related news, CEO William Magnuson sold 17,933 shares of Braze stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.45, for a total transaction of $617,791.85. Following the completion of the sale, the chief executive officer now owns 582,816 shares of the company’s stock, valued at $20,078,011.20. The trade was a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Isabelle Winkles sold 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $32.12, for a total transaction of $144,540.00. Following the transaction, the chief financial officer now directly owns 216,208 shares of the company’s stock, valued at $6,944,600.96. This represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,979 shares of company stock valued at $3,688,914. 24.03% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Braze

Hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its position in Braze by 12.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 509,767 shares of the company’s stock worth $16,486,000 after purchasing an additional 57,713 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Braze in the 2nd quarter valued at $10,166,000. Mackenzie Financial Corp purchased a new stake in Braze in the 2nd quarter worth $971,000. Victory Capital Management Inc. raised its position in Braze by 5.0% during the third quarter. Victory Capital Management Inc. now owns 411,544 shares of the company’s stock worth $13,309,000 after acquiring an additional 19,567 shares during the period. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in Braze by 195.6% during the third quarter. Dynamic Technology Lab Private Ltd now owns 77,690 shares of the company’s stock valued at $2,512,000 after purchasing an additional 51,411 shares in the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

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.