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

Braze, Inc. (NASDAQ:BRZE) has earned a consensus recommendation of “Moderate Buy” from the twenty research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and nineteen have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $53.74.

A number of research firms recently commented on BRZE. Citigroup increased their target price on shares of Braze from $47.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Barclays dropped their price objective on Braze from $80.00 to $70.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. DA Davidson cut their target price on Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. JMP Securities reissued a “market outperform” rating and issued a $68.00 target price on shares of Braze in a research report on Tuesday, September 24th. Finally, William Blair restated an “outperform” rating on shares of Braze in a research note on Thursday.

Braze Stock Up 0.7 %

Shares of Braze stock opened at $44.31 on Friday. Braze has a 52 week low of $29.18 and a 52 week high of $61.53. The firm’s 50 day moving average is $36.25 and its two-hundred day moving average is $37.46. The firm has a market capitalization of $4.55 billion, a P/E ratio of -38.87 and a beta of 1.15.

Insider Activity at Braze

In other Braze news, major shareholder Roger H. Lee sold 56,830 shares of Braze stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $30.27, for a total value of $1,720,244.10. Following the sale, the insider now owns 56,830 shares of the company’s stock, valued at approximately $1,720,244.10. The trade was a 50.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Myles Kleeger sold 9,225 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.45, for a total value of $317,801.25. Following the transaction, the insider now directly owns 190,738 shares of the company’s stock, valued at approximately $6,570,924.10. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 208,090 shares of company stock worth $7,906,833 in the last three months. Insiders own 24.03% of the company’s stock.

Institutional Investors Weigh In On Braze

A number of hedge funds and other institutional investors have recently bought and sold shares of BRZE. Blair William & Co. IL grew its stake 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 purchasing an additional 283 shares during the period. Amalgamated Bank grew its position 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 buying an additional 358 shares during the period. Creative Planning increased its holdings in Braze by 1.7% in the second quarter. Creative Planning now owns 23,121 shares of the company’s stock valued at $898,000 after buying an additional 384 shares in the last quarter. KBC Group NV increased its holdings in 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 buying an additional 615 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Braze by 4.8% during the 2nd quarter. Arizona State Retirement System now owns 15,466 shares of the company’s stock valued at $601,000 after acquiring an additional 712 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

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.