Insider Selling: Braze, Inc. (NASDAQ:BRZE) Insider Sells 8,365 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) insider Myles Kleeger sold 8,365 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $40.12, for a total value of $335,603.80. Following the transaction, the insider now owns 168,882 shares in the company, valued at $6,775,545.84. This trade represents a 4.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Myles Kleeger also recently made the following trade(s):

• On Tuesday, February 18th, Myles Kleeger sold 7,149 shares of Braze stock. The stock was sold at an average price of $40.82, for a total value of $291,822.18.
• On Monday, January 6th, Myles Kleeger sold 10,000 shares of Braze stock. The stock was sold at an average price of $45.43, for a total transaction of $454,300.00.
• On Wednesday, December 18th, Myles Kleeger sold 37,900 shares of Braze stock. The shares were sold at an average price of $45.11, for a total value of $1,709,669.00.
• On Monday, December 16th, Myles Kleeger sold 2,100 shares of Braze stock. The stock was sold at an average price of $45.00, for a total value of $94,500.00.

Braze Price Performance

Shares of NASDAQ:BRZE opened at $39.55 on Friday. Braze, Inc. has a 1 year low of $29.18 and a 1 year high of $59.12. The stock’s fifty day moving average price is $43.42 and its 200-day moving average price is $39.03. The company has a market cap of $4.09 billion, a P/E ratio of -34.69 and a beta of 1.13.

Analyst Ratings Changes

A number of research firms recently commented on BRZE. 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. DA Davidson reduced their price target on Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, December 10th. Oppenheimer reaffirmed an “outperform” rating and set a $51.00 price target on shares of Braze in a research report on Tuesday, December 10th. The Goldman Sachs Group cut their price objective on Braze from $65.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company decreased their target price on Braze from $65.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.74.

Institutional Trading of Braze

Institutional investors have recently made changes to their positions in the stock. Creative Planning raised its holdings in shares of Braze by 12.8% during the third quarter. Creative Planning now owns 26,089 shares of the company’s stock valued at $844,000 after purchasing an additional 2,968 shares during the last quarter. AMI Asset Management Corp raised its stake in Braze by 25.8% during the 3rd quarter. AMI Asset Management Corp now owns 33,438 shares of the company’s stock valued at $1,081,000 after buying an additional 6,852 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Braze by 38.1% during the 3rd quarter. US Bancorp DE now owns 25,737 shares of the company’s stock valued at $832,000 after buying an additional 7,103 shares during the period. Stephens Investment Management Group LLC purchased a new position in shares of Braze in the 3rd quarter worth $20,794,000. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Braze by 9.0% in the third quarter. Harbor Capital Advisors Inc. now owns 10,482 shares of the company’s stock worth $339,000 after acquiring an additional 866 shares during the period. Hedge funds and other institutional investors 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.