Insider Selling: Braze, Inc. (NASDAQ:BRZE) General Counsel Sells 10,000 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 10,000 shares of the company’s stock in a transaction on Monday, January 27th. The shares were 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 owns 189,520 shares of the company’s stock, valued at $8,949,134.40. The trade was a 5.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, January 6th, Susan Wiseman sold 14,000 shares of Braze stock. The shares were 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 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 value 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 Stock Performance

NASDAQ BRZE opened at $46.00 on Thursday. The company has a 50-day simple moving average of $42.78 and a 200-day simple moving average of $38.87. Braze, Inc. has a one year low of $29.18 and a one year high of $61.53. The firm has a market capitalization of $4.76 billion, a PE ratio of -40.35 and a beta of 1.11.

Institutional Trading of Braze

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new position in Braze during the 2nd quarter worth $50,000. KBC Group NV grew its position in shares of Braze by 41.5% during 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 during the last quarter. Amalgamated Bank increased its holdings in shares of Braze by 18.9% in the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after acquiring an additional 358 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Braze in the 4th quarter valued at about $165,000. Finally, Moody National Bank Trust Division acquired a new position in Braze during the 4th quarter valued at about $233,000. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BRZE has been the subject of a number of research reports. Citigroup boosted their target price on Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. The Goldman Sachs Group dropped their price objective on shares of Braze from $65.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Piper Sandler boosted their price objective on Braze from $40.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Macquarie upped their target price on shares of Braze from $30.00 to $39.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company lowered their target price on Braze from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Tuesday, November 26th. 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, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.