Braze, Inc. (NASDAQ:BRZE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Braze, Inc. (NASDAQ:BRZE) have been assigned an average rating of “Moderate Buy” from the twenty analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $53.74.

A number of equities research analysts have recently commented on BRZE shares. The Goldman Sachs Group reduced their price objective on shares of Braze from $65.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. UBS Group decreased their price target on Braze from $56.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. TD Cowen dropped their price objective on Braze from $52.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Loop Capital reaffirmed a “buy” rating and set a $75.00 target price on shares of Braze in a research note on Tuesday, September 24th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target (down from $70.00) on shares of Braze in a research note on Tuesday, December 10th.

Insider Buying and Selling at Braze

In other news, CAO Pankaj Malik sold 3,700 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $45.77, for a total value of $169,349.00. Following the transaction, the chief accounting officer now owns 54,784 shares in the company, valued at $2,507,463.68. This trade represents a 6.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Susan Wiseman sold 14,000 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $45.52, for a total value of $637,280.00. Following the sale, the general counsel now owns 199,520 shares of the company’s stock, valued at $9,082,150.40. This trade represents a 6.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 173,083 shares of company stock worth $7,260,773. Insiders own 24.03% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blair William & Co. IL lifted its position in shares of Braze by 2.2% during the 2nd quarter. Blair William & Co. IL now owns 12,928 shares of the company’s stock worth $502,000 after buying an additional 283 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Braze by 3.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,828 shares of the company’s stock valued at $453,000 after acquiring an additional 346 shares during the last quarter. Amalgamated Bank lifted its holdings in Braze by 18.9% during the third quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after acquiring an additional 358 shares during the period. Creative Planning boosted its position in Braze by 1.7% in the second quarter. Creative Planning now owns 23,121 shares of the company’s stock worth $898,000 after purchasing an additional 384 shares during the last quarter. Finally, KBC Group NV boosted its position in Braze by 41.5% in the third quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after purchasing an additional 615 shares during the last quarter. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

Braze Trading Up 0.6 %

NASDAQ BRZE opened at $41.86 on Wednesday. Braze has a 12 month low of $29.18 and a 12 month high of $61.53. The firm has a market capitalization of $4.33 billion, a PE ratio of -36.72 and a beta of 1.11. The business’s 50-day moving average price is $40.45 and its two-hundred day moving average price is $38.36.

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.