Phillip M. Fernandez Sells 1,500 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) Director Phillip M. Fernandez sold 1,500 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $41.30, for a total transaction of $61,950.00. Following the sale, the director now directly owns 15,269 shares in the company, valued at $630,609.70. The trade was a 8.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Braze Trading Down 2.7 %

BRZE stock opened at $39.55 on Friday. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of -34.69 and a beta of 1.13. The firm’s 50-day moving average price is $43.42 and its two-hundred day moving average price is $39.03. Braze, Inc. has a 12-month low of $29.18 and a 12-month high of $59.12.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BRZE shares. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price target on shares of Braze in a research report on Monday, February 3rd. Oppenheimer reiterated an “outperform” rating and set a $51.00 price target on shares of Braze in a research report on Tuesday, December 10th. Macquarie raised their price objective on shares of Braze from $30.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Citigroup upped their target price on shares of Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Stifel Nicolaus raised their price target on shares of Braze from $37.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Braze currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.74.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV lifted its holdings in Braze by 2.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,340 shares of the company’s stock worth $559,000 after buying an additional 316 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Braze by 3.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,828 shares of the company’s stock valued at $453,000 after buying an additional 346 shares during the period. Amalgamated Bank raised its holdings in shares of Braze by 18.9% during the third quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock valued at $73,000 after acquiring an additional 358 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Braze by 168.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 405 shares during the period. Finally, KBC Group NV boosted its holdings in Braze by 41.5% in the third quarter. KBC Group NV now owns 2,097 shares of the company’s stock valued at $68,000 after acquiring an additional 615 shares in the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

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.