Isabelle Winkles Sells 4,500 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles sold 4,500 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $43.41, for a total transaction of $195,345.00. Following the transaction, the chief financial officer now owns 216,208 shares in the company, valued at $9,385,589.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Isabelle Winkles also recently made the following trade(s):

• On Monday, August 26th, Isabelle Winkles sold 10,000 shares of Braze stock. The shares were sold at an average price of $45.15, for a total transaction of $451,500.00.
• On Monday, August 19th, Isabelle Winkles sold 4,091 shares of Braze stock. The shares were sold at an average price of $43.28, for a total transaction of $177,058.48.
• On Friday, August 16th, Isabelle Winkles sold 8,207 shares of Braze stock. The stock was sold at an average price of $41.37, for a total value of $339,523.59.
• On Thursday, August 1st, Isabelle Winkles sold 4,500 shares of Braze stock. The shares were sold at an average price of $42.18, for a total value of $189,810.00.
• On Monday, July 1st, Isabelle Winkles sold 4,500 shares of Braze stock. The stock was sold at an average price of $39.06, for a total value of $175,770.00.

Braze Stock Performance

NASDAQ:BRZE opened at $44.13 on Friday. The company has a market cap of $4.48 billion, a price-to-earnings ratio of -34.48 and a beta of 1.07. Braze, Inc. has a fifty-two week low of $33.93 and a fifty-two week high of $61.53. The stock has a fifty day moving average price of $41.27 and a 200-day moving average price of $43.17.

Braze (NASDAQ:BRZE) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.12. Braze had a negative net margin of 25.06% and a negative return on equity of 27.85%. The business had revenue of $145.50 million during the quarter, compared to analysts’ expectations of $141.32 million. During the same quarter in the prior year, the business posted ($0.30) earnings per share. Braze’s revenue was up 26.4% compared to the same quarter last year. Research analysts predict that Braze, Inc. will post -1.21 EPS for the current fiscal year.

Analysts Set New Price Targets

BRZE has been the subject of several research reports. Barclays cut their price target on Braze from $80.00 to $70.00 and set an “overweight” rating for the company in a report on Monday, August 26th. Oppenheimer reaffirmed an “outperform” rating and set a $60.00 target price on shares of Braze in a report on Wednesday, June 12th. Canaccord Genuity Group increased their price target on shares of Braze from $50.00 to $53.00 and gave the company a “buy” rating in a report on Friday, June 7th. Citigroup raised their price objective on shares of Braze from $52.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $68.00 target price on shares of Braze in a research report on Friday, June 7th. Seventeen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $60.50.

Institutional Trading of Braze

Several large investors have recently made changes to their positions in BRZE. Neo Ivy Capital Management bought a new stake in shares of Braze during the 4th quarter worth $40,000. Covestor Ltd raised its stake in Braze by 401.1% during the first quarter. Covestor Ltd now owns 922 shares of the company’s stock worth $41,000 after acquiring an additional 738 shares in the last quarter. Quarry LP acquired a new position in Braze during the second quarter worth about $50,000. Comerica Bank lifted its holdings in shares of Braze by 29.4% in the first quarter. Comerica Bank now owns 1,216 shares of the company’s stock worth $54,000 after acquiring an additional 276 shares during the last quarter. Finally, Canton Hathaway LLC boosted its stake in shares of Braze by 149.9% in the 2nd quarter. Canton Hathaway LLC now owns 1,979 shares of the company’s stock valued at $77,000 after purchasing an additional 1,187 shares in the last quarter. Institutional investors and hedge funds 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.