Pankaj Malik Sells 2,585 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) CAO Pankaj Malik sold 2,585 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $40.82, for a total transaction of $105,519.70. Following the transaction, the chief accounting officer now directly owns 52,199 shares in the company, valued at approximately $2,130,763.18. The trade was a 4.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Pankaj Malik also recently made the following trade(s):

• On Monday, January 6th, Pankaj Malik sold 3,700 shares of Braze stock. The shares were sold at an average price of $45.77, for a total transaction of $169,349.00.
• On Monday, December 16th, Pankaj Malik sold 4,656 shares of Braze stock. The stock was sold at an average price of $43.65, for a total value of $203,234.40.
• On Friday, December 13th, Pankaj Malik sold 3,955 shares of Braze stock. The stock was sold at an average price of $41.41, for a total transaction of $163,776.55.

Braze Trading Down 2.7 %

BRZE stock opened at $39.55 on Friday. The firm’s 50-day moving average is $43.42 and its two-hundred day moving average is $39.03. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of -34.69 and a beta of 1.13. Braze, Inc. has a 52 week low of $29.18 and a 52 week high of $59.12.

Analysts Set New Price Targets

BRZE has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Braze from $65.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, November 26th. DA Davidson decreased their price target on Braze from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, December 10th. The Goldman Sachs Group decreased their price objective on shares of Braze from $65.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Piper Sandler boosted their target price on shares of Braze from $40.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Braze from $55.00 to $47.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. One investment 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 currently has an average rating of “Moderate Buy” and an average price target of $53.74.

Institutional Investors Weigh In On Braze

A number of institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in shares of Braze by 168.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock valued at $27,000 after purchasing an additional 405 shares during the period. Aster Capital Management DIFC Ltd grew its holdings in Braze by 9,188.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company’s stock worth $35,000 after acquiring an additional 827 shares during the period. EverSource Wealth Advisors LLC raised its position in Braze by 8,436.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 939 shares of the company’s stock worth $39,000 after acquiring an additional 928 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Braze in the 4th quarter valued at about $47,000. Finally, KBC Group NV boosted its position in shares of Braze by 41.5% during the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock valued at $68,000 after purchasing an additional 615 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

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.