Insider Selling: Braze, Inc. (NASDAQ:BRZE) CAO Sells $105,519.70 in Stock

Braze, Inc. (NASDAQ:BRZE) CAO Pankaj Malik sold 2,585 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $40.82, for a total transaction of $105,519.70. Following the transaction, the chief accounting officer now owns 52,199 shares in the company, valued at $2,130,763.18. The trade was a 4.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Pankaj Malik also recently made the following trade(s):

• On Monday, January 6th, Pankaj Malik sold 3,700 shares of Braze stock. The stock was sold at an average price of $45.77, for a total transaction of $169,349.00.
• On Monday, December 16th, Pankaj Malik sold 4,656 shares of Braze stock. The shares were sold at an average price of $43.65, for a total transaction of $203,234.40.
• On Friday, December 13th, Pankaj Malik sold 3,955 shares of Braze stock. The shares were sold at an average price of $41.41, for a total transaction of $163,776.55.

Braze Stock Down 2.7 %

Shares of BRZE opened at $39.55 on Friday. The firm has a market cap of $4.09 billion, a PE ratio of -34.69 and a beta of 1.13. The company’s fifty day moving average is $43.42 and its two-hundred day moving average is $39.05. Braze, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $59.12.

Wall Street Analyst Weigh In

BRZE has been the topic of several research reports. The Goldman Sachs Group lowered their price target on shares of Braze from $65.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Macquarie increased their price target 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 increased their price target 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. Stifel Nicolaus increased their price target on shares of Braze from $37.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company reduced their price objective 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. One investment analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $53.74.

Hedge Funds Weigh In On Braze

A number of hedge funds have recently made changes to their positions in BRZE. State of Wyoming acquired a new position in shares of Braze during the 4th quarter valued at $197,000. ProShare Advisors LLC lifted its holdings in shares of Braze by 33.8% during the 4th quarter. ProShare Advisors LLC now owns 24,536 shares of the company’s stock valued at $1,028,000 after acquiring an additional 6,200 shares in the last quarter. Nomura Holdings Inc. acquired a new position in shares of Braze during the 4th quarter valued at $1,686,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Braze by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,524 shares of the company’s stock valued at $1,572,000 after acquiring an additional 1,427 shares in the last quarter. Finally, LMR Partners LLP acquired a new position in shares of Braze during the 4th quarter valued at $9,258,000. Institutional investors and hedge funds own 90.47% of the company’s stock.

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.