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 transaction, the general counsel now owns 248,999 shares in the company, 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 available through this link.

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

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

Braze Price Performance

Shares of BRZE stock traded up $0.40 during midday trading on Monday, hitting $29.43. The company had a trading volume of 299,063 shares, compared to its average volume of 1,220,710. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of -25.82 and a beta of 1.13. The company's 50 day simple moving average is $36.60 and its 200 day simple moving average is $37.81. Braze, Inc. has a 52-week low of $27.75 and a 52-week high of $48.33.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on BRZE. Stephens initiated coverage on shares of Braze in a report on Wednesday, March 19th. They issued an "overweight" rating and a $43.00 price target on the stock. Raymond James increased their target price on shares of Braze from $45.00 to $48.00 and gave the stock an "outperform" rating in a research note on Friday, March 28th. Stifel Nicolaus set a $50.00 target price on Braze and gave the stock a "buy" rating in a research note on Friday, March 28th. DA Davidson reissued a "buy" rating and issued a $50.00 price target on shares of Braze in a report on Wednesday, March 26th. Finally, Canaccord Genuity Group lifted their target price on shares of Braze from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, March 28th. One equities research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $53.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its stake in Braze by 6.3% in the 1st quarter. Rhumbline Advisers now owns 93,189 shares of the company's stock valued at $3,362,000 after purchasing an additional 5,532 shares in the last quarter. GAMMA Investing LLC grew its holdings in Braze by 12,025.6% during the 1st quarter. GAMMA Investing LLC now owns 26,555 shares of the company's stock valued at $958,000 after buying an additional 26,336 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Braze during the first quarter valued at $54,000. Wellington Management Group LLP acquired a new stake in shares of Braze during the 4th quarter worth about $50,000,000. Finally, California State Teachers Retirement System grew its stake in Braze by 4.7% in the 4th quarter. California State Teachers Retirement System now owns 58,125 shares of the company's stock worth $2,434,000 after acquiring an additional 2,605 shares during the period. 90.47% of the stock is currently owned by institutional investors and hedge funds.

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.