Braze, Inc. (NASDAQ:BRZE) General Counsel Sells $125,550.00 in Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 2,790 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $45.00, for a total transaction of $125,550.00. Following the completion of the sale, the general counsel now directly owns 199,520 shares of the company’s stock, valued at $8,978,400. The trade was a 1.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, November 20th, Susan Wiseman sold 3,557 shares of Braze stock. The stock was 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 transaction of $132,735.85.

Braze Stock Performance

NASDAQ BRZE opened at $44.00 on Friday. The firm’s 50 day moving average price is $36.25 and its two-hundred day moving average price is $37.46. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of -38.60 and a beta of 1.15. Braze, Inc. has a twelve month low of $29.18 and a twelve month high of $61.53.

Institutional Trading of Braze

A number of institutional investors have recently bought and sold shares of BRZE. Quarry LP acquired a new position in Braze in the second quarter worth approximately $50,000. KBC Group NV grew its position in Braze by 41.5% in the third quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after acquiring an additional 615 shares in the last quarter. Amalgamated Bank increased its stake in shares of Braze by 18.9% during 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 valued at $215,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Braze during the 2nd quarter valued at $229,000. Institutional investors and hedge funds own 90.47% of the company’s stock.

Wall Street Analysts Forecast Growth

BRZE has been the topic of several recent analyst reports. JMP Securities reissued a “market outperform” rating and set a $68.00 target price on shares of Braze in a report on Tuesday, September 24th. The Goldman Sachs Group dropped their price objective on Braze from $65.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Barclays decreased their target price on Braze from $80.00 to $70.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. William Blair reaffirmed an “outperform” rating on shares of Braze in a report on Thursday. Finally, Piper Sandler upped their price target 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 analyst has rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, Braze currently has a consensus rating of “Moderate Buy” and an average price target 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.