Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman Sells 2,790 Shares

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 2,790 shares of Braze stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $45.00, for a total value of $125,550.00. Following the sale, the general counsel now directly owns 199,520 shares of the company’s stock, valued at approximately $8,978,400. The trade was a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, November 20th, Susan Wiseman sold 3,557 shares of Braze stock. The stock was sold at an average price of $36.02, for a total transaction of $128,123.14.
• On Monday, November 18th, Susan Wiseman sold 3,853 shares of Braze stock. The shares were sold at an average price of $34.45, for a total value of $132,735.85.

Braze Trading Down 3.1 %

Braze stock opened at $43.37 on Thursday. Braze, Inc. has a 1-year low of $29.18 and a 1-year high of $61.53. The firm has a market capitalization of $4.46 billion, a PE ratio of -38.04 and a beta of 1.15. The firm’s 50 day simple moving average is $35.97 and its 200 day simple moving average is $37.41.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BRZE. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective (down from $70.00) on shares of Braze in a research note on Tuesday, December 10th. DA Davidson decreased their target price on Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. Loop Capital reaffirmed a “buy” rating and set a $75.00 price target on shares of Braze in a report on Tuesday, September 24th. UBS Group reduced their price objective on Braze from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. Finally, Barclays reduced their price target on Braze from $80.00 to $70.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. One equities research 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.74.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Braze by 12.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 509,767 shares of the company’s stock valued at $16,486,000 after purchasing an additional 57,713 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Braze during the second quarter valued at $10,166,000. Victory Capital Management Inc. lifted its stake in shares of Braze by 5.0% in the third quarter. Victory Capital Management Inc. now owns 411,544 shares of the company’s stock worth $13,309,000 after buying an additional 19,567 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in Braze during the 2nd quarter valued at $971,000. Finally, Dynamic Technology Lab Private Ltd raised its holdings in shares of Braze by 195.6% during the third quarter. Dynamic Technology Lab Private Ltd now owns 77,690 shares of the company’s stock valued at $2,512,000 after purchasing an additional 51,411 shares during the last quarter. 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.