Braze, Inc. (NASDAQ:BRZE - Get Free Report) General Counsel Susan Wiseman sold 2,790 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $45.00, for a total value of $125,550.00. Following the completion of the transaction, the general counsel now directly owns 199,520 shares in the company, valued at approximately $8,978,400. The trade was a 1.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Susan Wiseman also recently made the following trade(s):
NASDAQ BRZE traded down $1.38 during mid-day trading on Wednesday, reaching $43.37. 2,331,207 shares of the stock were exchanged, compared to its average volume of 1,092,428. The business's fifty day simple moving average is $35.97 and its 200 day simple moving average is $37.41. The stock has a market capitalization of $4.46 billion, a PE ratio of -38.04 and a beta of 1.15. Braze, Inc. has a 1-year low of $29.18 and a 1-year high of $61.53.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Blair William & Co. IL lifted its position in Braze by 2.2% during the second quarter. Blair William & Co. IL now owns 12,928 shares of the company's stock worth $502,000 after buying an additional 283 shares during the period. Amalgamated Bank increased its stake in shares of Braze by 18.9% during the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company's stock valued at $73,000 after acquiring an additional 358 shares during the last quarter. Creative Planning lifted its holdings in shares of Braze by 1.7% during the 2nd quarter. Creative Planning now owns 23,121 shares of the company's stock worth $898,000 after acquiring an additional 384 shares during the period. KBC Group NV boosted its position in shares of 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 acquiring an additional 615 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in Braze by 4.8% in the second quarter. Arizona State Retirement System now owns 15,466 shares of the company's stock valued at $601,000 after purchasing an additional 712 shares during the period. Hedge funds and other institutional investors own 90.47% of the company's stock.
Several analysts have recently weighed in on BRZE shares. Oppenheimer reaffirmed an "outperform" rating and issued a $51.00 target price on shares of Braze in a report on Tuesday, December 10th. DA Davidson lowered their price objective on Braze from $55.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, December 10th. Piper Sandler boosted their target price on Braze from $40.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 10th. UBS Group reduced 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. Finally, Stifel Nicolaus upped their price objective on Braze from $37.00 to $48.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $53.74.
Read Our Latest Stock Analysis on 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.
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