Braze, Inc. (NASDAQ:BRZE) General Counsel Sells 3,557 Shares

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 3,557 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $36.02, for a total value of $128,123.14. Following the completion of the sale, the general counsel now owns 199,520 shares in the company, valued at approximately $7,186,710.40. The trade was a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Susan Wiseman also recently made the following trade(s):

• On Monday, November 18th, Susan Wiseman sold 3,853 shares of Braze stock. The stock was sold at an average price of $34.45, for a total transaction of $132,735.85.
• On Thursday, September 5th, Susan Wiseman sold 3,447 shares of Braze stock. The shares were sold at an average price of $44.00, for a total transaction of $151,668.00.
• On Tuesday, September 3rd, Susan Wiseman sold 8,553 shares of Braze stock. The shares were sold at an average price of $44.31, for a total value of $378,983.43.

Braze Stock Performance

Shares of Braze stock opened at $36.02 on Thursday. Braze, Inc. has a 52-week low of $29.18 and a 52-week high of $61.53. The company’s 50 day moving average price is $32.86 and its 200-day moving average price is $37.48.

Braze (NASDAQ:BRZE) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.12. The firm had revenue of $145.50 million for the quarter, compared to analysts’ expectations of $141.32 million. Braze had a negative net margin of 22.01% and a negative return on equity of 25.89%. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.30) earnings per share. Sell-side analysts anticipate that Braze, Inc. will post -1.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BRZE shares. UBS Group cut their price objective on shares of Braze from $56.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Oppenheimer decreased their price target on shares of Braze from $60.00 to $51.00 and set an “outperform” rating on the stock in a report on Tuesday, September 24th. JPMorgan Chase & Co. reduced their target price on Braze from $55.00 to $47.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price target on shares of Braze in a report on Tuesday, September 24th. Finally, Macquarie assumed coverage on Braze in a report on Thursday, October 31st. They set a “neutral” rating and a $30.00 price objective for the company. One analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $54.47.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Comerica Bank increased its stake in shares of Braze by 29.4% during the first quarter. Comerica Bank now owns 1,216 shares of the company’s stock valued at $54,000 after buying an additional 276 shares during the period. Blair William & Co. IL increased its position in Braze by 2.2% during the 2nd quarter. Blair William & Co. IL now owns 12,928 shares of the company’s stock valued at $502,000 after purchasing an additional 283 shares during the period. Advisors Asset Management Inc. raised its holdings in Braze by 17.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,917 shares of the company’s stock worth $85,000 after purchasing an additional 290 shares in the last quarter. American International Group Inc. raised its stake in Braze by 1.2% in the first quarter. American International Group Inc. now owns 26,369 shares of the company’s stock worth $1,168,000 after buying an additional 310 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in Braze by 18.9% in the third quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after buying an additional 358 shares during the period. 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.