Insider Selling: Braze, Inc. (NASDAQ:BRZE) General Counsel Sells 4,167 Shares of Stock

Braze, Inc. (NASDAQ:BRZE - Get Free Report) General Counsel Susan Wiseman sold 4,167 shares of the firm's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $30.98, for a total value of $129,093.66. Following the completion of the transaction, the general counsel now directly owns 248,999 shares of the company's stock, valued at $7,713,989.02. The trade was a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, February 20th, Susan Wiseman sold 3,486 shares of Braze stock. The shares were sold at an average price of $40.02, for a total value of $139,509.72.
• On Tuesday, February 18th, Susan Wiseman sold 3,925 shares of Braze stock. The shares were sold at an average price of $40.82, for a total transaction of $160,218.50.
• On Monday, January 27th, Susan Wiseman sold 10,000 shares of Braze stock. The shares were sold at an average price of $47.22, for a total transaction of $472,200.00.

Braze Price Performance

Braze stock traded down $1.35 during trading hours on Friday, reaching $29.03. The company had a trading volume of 2,335,352 shares, compared to its average volume of 1,224,187. Braze, Inc. has a 12-month low of $27.75 and a 12-month high of $48.33. The company has a 50-day moving average price of $36.60 and a 200 day moving average price of $37.81. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of -25.46 and a beta of 1.13.

Braze (NASDAQ:BRZE - Get Free Report) last issued its earnings results on Thursday, March 27th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.05 by $0.07. The company had revenue of $160.40 million for the quarter, compared to the consensus estimate of $155.72 million. Braze had a negative net margin of 20.41% and a negative return on equity of 24.88%. The firm's revenue for the quarter was up 22.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) earnings per share. As a group, research analysts expect that Braze, Inc. will post -0.98 earnings per share for the current year.

Institutional Trading of Braze

Institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in Braze by 5.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 36,344 shares of the company's stock valued at $1,175,000 after purchasing an additional 1,751 shares during the last quarter. FMR LLC lifted its stake in Braze by 393.1% in the third quarter. FMR LLC now owns 11,829 shares of the company's stock worth $383,000 after acquiring an additional 9,430 shares during the period. State Street Corp boosted its holdings in Braze by 21.5% in the third quarter. State Street Corp now owns 1,575,701 shares of the company's stock valued at $50,958,000 after acquiring an additional 279,050 shares in the last quarter. XTX Topco Ltd purchased a new position in Braze during the 3rd quarter valued at $924,000. Finally, Y Intercept Hong Kong Ltd raised its holdings in Braze by 566.6% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 46,099 shares of the company's stock worth $1,491,000 after purchasing an additional 39,183 shares in the last quarter. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BRZE has been the subject of a number of recent analyst reports. Needham & Company LLC restated a "buy" rating and set a $50.00 price target on shares of Braze in a research report on Friday, March 28th. Citigroup boosted their target price on Braze from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, March 28th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $55.00 price target (up previously from $50.00) on shares of Braze in a report on Friday, March 28th. Stephens started coverage on shares of Braze in a research report on Wednesday, March 19th. They issued an "overweight" rating and a $43.00 price objective on the stock. Finally, DA Davidson reaffirmed a "buy" rating and issued a $50.00 target price on shares of Braze in a research note on Wednesday, March 26th. One research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $53.00.

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.