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

Braze, Inc. (NASDAQ:BRZE - Get Free Report) General Counsel Susan Wiseman sold 10,000 shares of the company's stock in a transaction that occurred 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 sale, the general counsel now owns 189,520 shares in the company, valued at $8,949,134.40. The trade was a 5.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 transaction 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 shares were 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 transaction of $128,123.14.
• On Monday, November 18th, Susan Wiseman sold 3,853 shares of Braze stock. The stock was sold at an average price of $34.45, for a total value of $132,735.85.

Braze Trading Up 0.3 %

BRZE stock traded up $0.12 on Friday, hitting $45.98. 1,031,743 shares of the company's stock traded hands, compared to its average volume of 953,319. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of -40.33 and a beta of 1.11. Braze, Inc. has a 1-year low of $29.18 and a 1-year high of $61.53. The stock has a fifty day moving average of $43.08 and a 200-day moving average of $38.92.

Institutional Investors Weigh In On Braze

A number of institutional investors and hedge funds have recently modified their holdings of BRZE. Quarry LP acquired a new stake in shares of Braze during the second quarter worth $50,000. KBC Group NV increased its stake in Braze by 41.5% in the 3rd quarter. KBC Group NV now owns 2,097 shares of the company's stock worth $68,000 after purchasing an additional 615 shares in the last quarter. Amalgamated Bank raised its holdings in Braze by 18.9% during the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company's stock worth $73,000 after buying an additional 358 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Braze during the fourth quarter valued at about $165,000. Finally, Moody National Bank Trust Division purchased a new stake in Braze during the fourth quarter valued at about $233,000. Institutional investors and hedge funds own 90.47% of the company's stock.

Analyst Ratings Changes

BRZE has been the subject of a number of recent research reports. Stifel Nicolaus upped their price objective on Braze from $37.00 to $48.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Needham & Company LLC restated a "buy" rating and set a $50.00 price target on shares of Braze in a research report on Wednesday, January 15th. Piper Sandler lifted their price objective on shares of Braze from $40.00 to $48.00 and gave the company an "overweight" rating in a research report on Tuesday, December 10th. Wells Fargo & Company decreased their target price on shares of Braze from $65.00 to $55.00 and set an "overweight" rating for the company in a research report on Tuesday, November 26th. Finally, William Blair reaffirmed an "outperform" rating on shares of Braze in a 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.com, Braze presently has a consensus 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.