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

Braze, Inc. (NASDAQ:BRZE) Director Phillip M. Fernandez sold 1,500 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $41.30, for a total value of $61,950.00. Following the completion of the transaction, the director now directly owns 15,269 shares in the company, valued at approximately $630,609.70. The trade was a 8.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Braze Trading Down 0.4 %

Shares of Braze stock opened at $40.66 on Friday. The stock’s fifty day simple moving average is $43.46 and its 200 day simple moving average is $39.02. Braze, Inc. has a 12 month low of $29.18 and a 12 month high of $59.12. The company has a market capitalization of $4.21 billion, a PE ratio of -35.67 and a beta of 1.13.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BRZE shares. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Braze in a research note on Monday, February 3rd. Piper Sandler raised their target price on Braze from $40.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. DA Davidson dropped their target price on shares of Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. The Goldman Sachs Group decreased their price target on shares of Braze from $65.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Finally, Stifel Nicolaus increased their target price on shares of Braze from $37.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $53.74.

Institutional Trading of Braze

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its holdings in Braze by 168.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock valued at $27,000 after acquiring an additional 405 shares during the period. Aster Capital Management DIFC Ltd increased its holdings in Braze by 9,188.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company’s stock valued at $35,000 after purchasing an additional 827 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Braze by 8,436.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 939 shares of the company’s stock valued at $39,000 after buying an additional 928 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Braze in the 4th quarter valued at $47,000. Finally, KBC Group NV lifted its position in shares of Braze by 41.5% during the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock valued at $68,000 after acquiring an additional 615 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

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.