Braze, Inc. (NASDAQ:BRZE) Director Sells $61,950.00 in Stock

Braze, Inc. (NASDAQ:BRZE) Director Phillip M. Fernandez sold 1,500 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $41.30, for a total transaction of $61,950.00. Following the completion of the sale, the director now owns 15,269 shares in the company, valued at approximately $630,609.70. This trade represents 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 Down 2.7 %

NASDAQ BRZE opened at $39.55 on Friday. Braze, Inc. has a 52 week low of $29.18 and a 52 week high of $59.12. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of -34.69 and a beta of 1.13. The company has a 50-day moving average price of $43.42 and a two-hundred day moving average price of $39.05.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BRZE shares. Wells Fargo & Company cut their target price on shares of Braze from $65.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. Needham & Company LLC restated a “buy” rating and issued a $50.00 target price on shares of Braze in a research note on Monday, February 3rd. Oppenheimer reaffirmed an “outperform” rating and set a $51.00 price objective on shares of Braze in a research report on Tuesday, December 10th. William Blair reaffirmed an “outperform” rating on shares of Braze in a research report on Thursday, December 19th. Finally, Macquarie boosted 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. One analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $53.74.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BRZE. Tower Research Capital LLC TRC boosted its holdings in shares of Braze by 168.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock valued at $27,000 after acquiring an additional 405 shares in the last quarter. Aster Capital Management DIFC Ltd boosted its holdings in shares of Braze by 9,188.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company’s stock valued at $35,000 after acquiring an additional 827 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Braze by 8,436.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 939 shares of the company’s stock valued at $39,000 after acquiring an additional 928 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Braze in the fourth quarter valued at approximately $47,000. Finally, KBC Group NV boosted its holdings in shares of Braze by 41.5% in the third quarter. KBC Group NV now owns 2,097 shares of the company’s stock valued at $68,000 after acquiring an additional 615 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors.

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.