Insider Selling: Braze, Inc. (NASDAQ:BRZE) CFO Sells 4,500 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $39.06, for a total transaction of $175,770.00. Following the completion of the transaction, the chief financial officer now directly owns 242,627 shares of the company’s stock, valued at approximately $9,477,010.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Isabelle Winkles also recently made the following trade(s):

• On Monday, May 20th, Isabelle Winkles sold 4,096 shares of Braze stock. The stock was sold at an average price of $42.68, for a total transaction of $174,817.28.
• On Thursday, May 16th, Isabelle Winkles sold 8,205 shares of Braze stock. The stock was sold at an average price of $41.76, for a total transaction of $342,640.80.
• On Wednesday, May 1st, Isabelle Winkles sold 4,500 shares of Braze stock. The stock was sold at an average price of $40.93, for a total transaction of $184,185.00.
• On Thursday, April 11th, Isabelle Winkles sold 8,383 shares of Braze stock. The stock was sold at an average price of $42.80, for a total transaction of $358,792.40.

Braze Trading Down 0.3 %

BRZE stock opened at $37.80 on Thursday. The firm has a market cap of $3.84 billion, a PE ratio of -29.53 and a beta of 1.06. Braze, Inc. has a 1 year low of $33.93 and a 1 year high of $61.53. The company has a fifty day simple moving average of $38.92 and a 200 day simple moving average of $46.68.

Braze (NASDAQ:BRZE) last released its earnings results on Thursday, June 6th. The company reported ($0.35) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.01. The firm had revenue of $135.46 million during the quarter, compared to analyst estimates of $131.56 million. Braze had a negative net margin of 25.06% and a negative return on equity of 27.85%. As a group, analysts forecast that Braze, Inc. will post -1.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BRZE. 1832 Asset Management L.P. lifted its position in Braze by 537.4% during the 4th quarter. 1832 Asset Management L.P. now owns 1,527,100 shares of the company’s stock worth $81,135,000 after acquiring an additional 1,287,500 shares during the last quarter. Morgan Stanley increased its holdings in shares of Braze by 20.1% during the 3rd quarter. Morgan Stanley now owns 5,387,736 shares of the company’s stock worth $251,769,000 after purchasing an additional 899,894 shares during the period. Norges Bank bought a new position in shares of Braze during the 4th quarter worth about $37,584,000. Fiera Capital Corp bought a new position in shares of Braze during the 4th quarter worth about $31,153,000. Finally, Vanguard Group Inc. increased its holdings in shares of Braze by 9.1% during the 4th quarter. Vanguard Group Inc. now owns 5,746,572 shares of the company’s stock worth $305,315,000 after purchasing an additional 480,179 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on BRZE shares. Piper Sandler decreased their price objective on shares of Braze from $66.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, June 7th. Canaccord Genuity Group increased their target price on shares of Braze from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. UBS Group upgraded shares of Braze from a “neutral” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Thursday, March 21st. DA Davidson reiterated a “buy” rating and issued a $65.00 target price on shares of Braze in a research report on Monday, March 25th. Finally, JPMorgan Chase & Co. cut their target price on shares of Braze from $60.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, March 28th. Seventeen analysts have rated the stock with a buy rating, According to data from MarketBeat, Braze currently has a consensus rating of “Buy” and an average target price of $61.38.

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.