Braze, Inc. (NASDAQ:BRZE) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Braze, Inc. (NASDAQ:BRZE - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twenty brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nineteen have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $53.74.

Several equities research analysts have recently issued reports on BRZE shares. Macquarie lifted their price objective on shares of Braze from $30.00 to $39.00 and gave the company a "neutral" rating in a research report on Wednesday, December 11th. Piper Sandler boosted their price target on shares of Braze from $40.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. UBS Group dropped their price objective on shares of Braze from $56.00 to $51.00 and set a "buy" rating for the company in a report on Wednesday, September 25th. Oppenheimer reaffirmed an "outperform" rating and issued a $51.00 target price on shares of Braze in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. dropped their price target on Braze from $55.00 to $47.00 and set an "overweight" rating for the company in a research note on Friday, October 25th.

Insider Buying and Selling

In related news, CAO Pankaj Malik sold 3,700 shares of the business's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $45.77, for a total transaction of $169,349.00. Following the completion of the transaction, the chief accounting officer now owns 54,784 shares in the company, valued at $2,507,463.68. The trade was a 6.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Myles Kleeger sold 10,000 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $45.43, for a total value of $454,300.00. Following the completion of the transaction, the insider now directly owns 184,396 shares in the company, valued at $8,377,110.28. This trade represents a 5.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 173,083 shares of company stock valued at $7,260,773. Company insiders own 24.03% of the company's stock.

Institutional Investors Weigh In On Braze

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its stake in Braze by 12.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 509,767 shares of the company's stock worth $16,486,000 after acquiring an additional 57,713 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Braze in the second quarter worth approximately $10,166,000. Victory Capital Management Inc. increased its holdings in Braze by 5.0% during the 3rd quarter. Victory Capital Management Inc. now owns 411,544 shares of the company's stock worth $13,309,000 after purchasing an additional 19,567 shares during the period. Mackenzie Financial Corp bought a new stake in Braze during the 2nd quarter valued at $971,000. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in shares of Braze by 195.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 77,690 shares of the company's stock worth $2,512,000 after buying an additional 51,411 shares during the period. Institutional investors own 90.47% of the company's stock.

Braze Stock Up 4.6 %

NASDAQ BRZE traded up $1.91 during trading hours on Wednesday, reaching $43.77. The company's stock had a trading volume of 1,107,437 shares, compared to its average volume of 1,286,793. Braze has a 1 year low of $29.18 and a 1 year high of $61.53. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of -38.39 and a beta of 1.11. The firm's 50-day moving average price is $40.65 and its 200-day moving average price is $38.39.

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.