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

Braze, Inc. (NASDAQ:BRZE) Director Phillip M. Fernandez sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $43.13, for a total transaction of $64,695.00. Following the transaction, the director now directly owns 15,269 shares in the company, valued at approximately $658,551.97. The trade was a 8.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Braze Trading Up 0.0 %

Shares of Braze stock opened at $44.11 on Friday. The company’s fifty day simple moving average is $41.22 and its 200-day simple moving average is $38.49. The company has a market cap of $4.56 billion, a price-to-earnings ratio of -38.69 and a beta of 1.11. Braze, Inc. has a 1 year low of $29.18 and a 1 year high of $61.53.

Institutional Investors Weigh In On Braze

Institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new stake in Braze during the second quarter worth $50,000. KBC Group NV boosted its stake in 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 buying an additional 615 shares in the last quarter. Amalgamated Bank boosted its stake in Braze by 18.9% during the third quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after buying an additional 358 shares in the last quarter. Evoke Wealth LLC acquired a new stake in Braze during the second quarter worth $215,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Braze during the second quarter worth $229,000. Institutional investors and hedge funds own 90.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BRZE shares. Loop Capital reaffirmed a “buy” rating and set a $75.00 price objective on shares of Braze in a research report on Tuesday, September 24th. TD Cowen cut their price objective on shares of Braze from $52.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. JMP Securities reaffirmed a “market outperform” rating and set a $68.00 price objective on shares of Braze in a research report on Tuesday, September 24th. JPMorgan Chase & Co. cut their price objective on shares of Braze from $55.00 to $47.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, William Blair reissued an “outperform” rating on shares of Braze in a research report on Thursday, December 19th. One analyst has rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average 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.