Braze, Inc. (NASDAQ:BRZE) General Counsel Sells $1,858,158.90 in Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 41,210 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $45.09, for a total transaction of $1,858,158.90. Following the sale, the general counsel now directly owns 199,520 shares in the company, valued at $8,996,356.80. The trade was a 17.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

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

Braze Trading Up 0.7 %

BRZE opened at $44.31 on Monday. Braze, Inc. has a 12-month low of $29.18 and a 12-month high of $61.53. The company has a market cap of $4.59 billion, a price-to-earnings ratio of -38.87 and a beta of 1.15. The stock has a fifty day simple moving average of $36.52 and a two-hundred day simple moving average of $37.53.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. State Street Corp boosted its position in shares of Braze by 21.5% in the 3rd quarter. State Street Corp now owns 1,575,701 shares of the company’s stock worth $50,958,000 after purchasing an additional 279,050 shares in the last quarter. Geode Capital Management LLC increased its stake in Braze by 18.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,497,188 shares of the company’s stock valued at $48,428,000 after purchasing an additional 229,660 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Braze by 69.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,494,100 shares of the company’s stock worth $48,319,000 after buying an additional 612,400 shares in the last quarter. Fiera Capital Corp grew its holdings in shares of Braze by 1.0% during the second quarter. Fiera Capital Corp now owns 780,630 shares of the company’s stock valued at $30,320,000 after buying an additional 7,570 shares during the last quarter. Finally, Stephens Investment Management Group LLC bought a new stake in shares of Braze during the third quarter valued at approximately $20,794,000. 90.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Macquarie increased their price objective on Braze from $30.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group reduced their target price on shares of Braze from $65.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. JMP Securities reaffirmed a “market outperform” rating and issued a $68.00 price target on shares of Braze in a research note on Tuesday, September 24th. Stifel Nicolaus upped their price target on shares of Braze from $37.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, DA Davidson cut their price target on shares of Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, December 10th. One analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.