Phillip M. Fernandez Sells 1,500 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) Director Phillip M. Fernandez sold 1,500 shares of Braze stock in a transaction on Monday, April 15th. The shares were sold at an average price of $41.79, for a total value of $62,685.00. Following the completion of the transaction, the director now owns 11,056 shares in the company, valued at approximately $462,030.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Braze Trading Down 0.7 %

NASDAQ BRZE opened at $39.25 on Friday. The business’s 50-day moving average price is $50.80 and its two-hundred day moving average price is $50.76. Braze, Inc. has a 12 month low of $25.76 and a 12 month high of $61.53. The firm has a market capitalization of $3.96 billion, a PE ratio of -29.51 and a beta of 1.13.

Wall Street Analysts Forecast Growth

BRZE has been the topic of several recent analyst reports. Scotiabank decreased their price target on Braze from $65.00 to $58.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 28th. Raymond James reduced their price objective on Braze from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, March 28th. TD Cowen reduced their price objective on Braze from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. UBS Group upgraded Braze from a “neutral” rating to a “buy” rating and set a $62.00 price objective on the stock in a research report on Thursday, March 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $70.00 price objective on shares of Braze in a research report on Thursday, March 28th. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Braze has a consensus rating of “Moderate Buy” and an average price target of $64.29.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its stake in shares of Braze by 0.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 302,625 shares of the company’s stock valued at $13,406,000 after purchasing an additional 984 shares during the period. Diversified Trust Co lifted its stake in shares of Braze by 28.1% in the 1st quarter. Diversified Trust Co now owns 20,728 shares of the company’s stock valued at $918,000 after purchasing an additional 4,551 shares during the period. Harbour Capital Advisors LLC lifted its stake in shares of Braze by 10.2% in the 1st quarter. Harbour Capital Advisors LLC now owns 12,980 shares of the company’s stock valued at $561,000 after purchasing an additional 1,205 shares during the period. Renaissance Capital LLC lifted its stake in shares of Braze by 5.1% in the 1st quarter. Renaissance Capital LLC now owns 34,885 shares of the company’s stock valued at $1,545,000 after purchasing an additional 1,696 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Braze by 9.1% in the 4th quarter. Vanguard Group Inc. now owns 5,746,572 shares of the company’s stock valued at $305,315,000 after purchasing an additional 480,179 shares during the period. 90.47% of the stock is owned by institutional investors and hedge funds.

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.