Susan Wiseman Sells 3,486 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 3,486 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $40.02, for a total transaction of $139,509.72. Following the sale, the general counsel now directly owns 182,109 shares in the company, valued at $7,288,002.18. This trade represents a 1.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, February 18th, Susan Wiseman sold 3,925 shares of Braze stock. The shares were sold at an average price of $40.82, for a total transaction of $160,218.50.
• On Monday, January 27th, Susan Wiseman sold 10,000 shares of Braze stock. The shares were sold at an average price of $47.22, for a total value of $472,200.00.
• On Monday, January 6th, Susan Wiseman sold 14,000 shares of Braze stock. The stock was sold at an average price of $45.52, for a total value of $637,280.00.
• On Wednesday, December 18th, Susan Wiseman sold 41,210 shares of Braze stock. The shares were sold at an average price of $45.09, for a total value of $1,858,158.90.
• On Monday, December 16th, Susan Wiseman sold 2,790 shares of Braze stock. The stock was sold at an average price of $45.00, for a total transaction of $125,550.00.

Braze Stock Down 2.7 %

NASDAQ:BRZE opened at $39.55 on Friday. The firm has a market capitalization of $4.09 billion, a P/E ratio of -34.69 and a beta of 1.13. The company has a fifty day moving average of $43.42 and a 200 day moving average of $39.03. Braze, Inc. has a 52 week low of $29.18 and a 52 week high of $59.12.

Hedge Funds Weigh In On Braze

Several hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in Braze by 12.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 509,767 shares of the company’s stock valued at $16,486,000 after purchasing an additional 57,713 shares during the period. Dynamic Technology Lab Private Ltd grew its position in shares of Braze by 195.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 77,690 shares of the company’s stock worth $2,512,000 after buying an additional 51,411 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Braze by 5.0% during the third quarter. Victory Capital Management Inc. now owns 411,544 shares of the company’s stock valued at $13,309,000 after buying an additional 19,567 shares during the period. Intech Investment Management LLC bought a new position in shares of Braze during the third quarter valued at approximately $673,000. Finally, Holocene Advisors LP lifted its stake in Braze by 52.7% in the third quarter. Holocene Advisors LP now owns 84,383 shares of the company’s stock worth $2,729,000 after acquiring an additional 29,123 shares during the period. 90.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on BRZE shares. Macquarie boosted their price target on shares of Braze from $30.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 11th. The Goldman Sachs Group cut their target price on shares of Braze from $65.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. JPMorgan Chase & Co. lowered their price target on Braze from $55.00 to $47.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Citigroup upped their price objective on Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Braze in a research report on Monday, February 3rd. One analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Braze presently 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.