Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman Sells 14,000 Shares

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 14,000 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $45.52, for a total value of $637,280.00. Following the transaction, the general counsel now directly owns 199,520 shares in the company, valued at $9,082,150.40. The trade was a 6.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, December 18th, Susan Wiseman sold 41,210 shares of Braze stock. The shares were sold at an average price of $45.09, for a total value of $1,858,158.90.
• On Monday, December 16th, Susan Wiseman sold 2,790 shares of Braze stock. The stock was 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 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 shares were sold at an average price of $34.45, for a total transaction of $132,735.85.

Braze Stock Performance

Shares of Braze stock opened at $44.15 on Thursday. Braze, Inc. has a one year low of $29.18 and a one year high of $61.53. The company has a market capitalization of $4.57 billion, a PE ratio of -38.73 and a beta of 1.11. The company has a 50-day simple moving average of $39.78 and a two-hundred day simple moving average of $38.21.

Hedge Funds Weigh In On Braze

Several institutional investors and hedge funds have recently bought and sold shares of BRZE. Modus Advisors LLC purchased a new position in Braze during the 4th quarter worth $253,000. JPMorgan Chase & Co. increased its stake in Braze by 146.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,808,577 shares of the company’s stock valued at $58,489,000 after purchasing an additional 1,075,998 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Braze during the third quarter valued at $253,000. Geode Capital Management LLC increased its position in shares of Braze by 18.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,497,188 shares of the company’s stock valued at $48,428,000 after acquiring an additional 229,660 shares during the period. Finally, Vestcor Inc purchased a new position in Braze in the 3rd quarter worth $1,617,000. 90.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BRZE shares. Oppenheimer reiterated an “outperform” rating and issued a $51.00 price target on shares of Braze in a research report on Tuesday, December 10th. Wells Fargo & Company decreased their price target on Braze from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Tuesday, November 26th. UBS Group cut their price objective on shares of Braze from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. The Goldman Sachs Group lowered their target price 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, TD Cowen cut their price target on shares of Braze from $52.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.74.

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.