Braze, Inc. (NASDAQ:BRZE) General Counsel Sells $472,200.00 in Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 10,000 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $47.22, for a total value of $472,200.00. Following the completion of the transaction, the general counsel now directly owns 189,520 shares in the company, valued at approximately $8,949,134.40. This represents a 5.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• 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 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.
• 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 shares were sold at an average price of $34.45, for a total value of $132,735.85.

Braze Price Performance

Shares of NASDAQ:BRZE opened at $45.98 on Friday. The company’s fifty day moving average price is $43.08 and its 200-day moving average price is $38.95. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of -40.33 and a beta of 1.11. Braze, Inc. has a one year low of $29.18 and a one year high of $61.53.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in Braze by 12.6% during the second quarter. The Manufacturers Life Insurance Company now owns 34,593 shares of the company’s stock worth $1,344,000 after purchasing an additional 3,858 shares during the last quarter. Mackenzie Financial Corp bought a new stake in Braze during the second quarter worth about $971,000. Algert Global LLC bought a new stake in Braze during the second quarter worth about $2,376,000. Creative Planning lifted its stake in Braze by 1.7% during the second quarter. Creative Planning now owns 23,121 shares of the company’s stock worth $898,000 after purchasing an additional 384 shares during the last quarter. Finally, Quarry LP bought a new stake in Braze during the second quarter worth about $50,000. Institutional investors own 90.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BRZE. Wells Fargo & Company dropped their price target on Braze from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 26th. Macquarie increased their target price on shares of Braze from $30.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. DA Davidson lowered their price target on shares of Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. The Goldman Sachs Group cut their price objective on shares of Braze from $65.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Finally, Piper Sandler boosted their target price on shares of Braze from $40.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.74.

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.