Braze, Inc. (NASDAQ:BRZE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Braze, Inc. (NASDAQ:BRZE) has been assigned a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and nineteen have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $53.74.

A number of brokerages have recently commented on BRZE. Piper Sandler lifted their price target on shares of Braze from $40.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. reduced their price target on Braze from $55.00 to $47.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. William Blair restated an “outperform” rating on shares of Braze in a research report on Thursday, December 19th. DA Davidson reduced their target price on Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, December 10th. Finally, Macquarie raised their price target on shares of Braze from $30.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th.

Insiders Place Their Bets

In other news, insider Myles Kleeger sold 9,225 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.45, for a total transaction of $317,801.25. Following the completion of the sale, the insider now directly owns 190,738 shares of the company’s stock, valued at $6,570,924.10. The trade was a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Pankaj Malik sold 3,432 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.45, for a total transaction of $118,232.40. Following the completion of the transaction, the chief accounting officer now directly owns 67,095 shares in the company, valued at approximately $2,311,422.75. The trade was a 4.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 184,583 shares of company stock worth $7,797,668. Insiders own 24.03% of the company’s stock.

Institutional Investors Weigh In On Braze

Institutional investors have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV grew its stake in shares of Braze by 2.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,340 shares of the company’s stock worth $559,000 after acquiring an additional 316 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Braze by 3.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,828 shares of the company’s stock worth $453,000 after purchasing an additional 346 shares during the last quarter. Amalgamated Bank grew its position in Braze by 18.9% in the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after purchasing an additional 358 shares in the last quarter. Creative Planning increased its stake in Braze by 1.7% in the 2nd quarter. Creative Planning now owns 23,121 shares of the company’s stock valued at $898,000 after buying an additional 384 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted 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 worth $27,000 after buying an additional 405 shares in the last quarter. Institutional investors own 90.47% of the company’s stock.

Braze Price Performance

Shares of NASDAQ BRZE opened at $41.51 on Friday. The company has a 50 day simple moving average of $43.51 and a 200 day simple moving average of $39.01. Braze has a 1 year low of $29.18 and a 1 year high of $59.98. The firm has a market cap of $4.30 billion, a PE ratio of -36.41 and a beta of 1.13.

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.