Braze, Inc. (NASDAQ:BRZE) CAO Sells $203,234.40 in Stock

Braze, Inc. (NASDAQ:BRZE) CAO Pankaj Malik sold 4,656 shares of Braze stock in a transaction on Monday, December 16th. The stock was sold at an average price of $43.65, for a total value of $203,234.40. Following the completion of the sale, the chief accounting officer now directly owns 58,484 shares of the company’s stock, valued at $2,552,826.60. The trade was a 7.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Pankaj Malik also recently made the following trade(s):

• On Friday, December 13th, Pankaj Malik sold 3,955 shares of Braze stock. The stock was sold at an average price of $41.41, for a total value of $163,776.55.
• On Monday, November 18th, Pankaj Malik sold 3,432 shares of Braze stock. The stock was sold at an average price of $34.45, for a total transaction of $118,232.40.

Braze Stock Up 1.5 %

Shares of Braze stock opened at $44.00 on Friday. Braze, Inc. has a twelve month low of $29.18 and a twelve month high of $61.53. The business has a 50-day moving average price of $36.25 and a 200-day moving average price of $37.46. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of -38.60 and a beta of 1.15.

Analyst Upgrades and Downgrades

A number of analysts have commented on BRZE shares. Citigroup upped their target price on shares of Braze from $47.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Stifel Nicolaus raised their target price on Braze from $37.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. The Goldman Sachs Group cut their price target on Braze from $65.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. UBS Group reduced their price target on Braze from $56.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Finally, Barclays cut their price objective on Braze from $80.00 to $70.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. One equities research analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.74.

Hedge Funds Weigh In On Braze

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRZE. Quarry LP purchased a new stake in shares of Braze during the 2nd quarter worth approximately $50,000. Comerica Bank increased its position in Braze by 29.4% in the first quarter. Comerica Bank now owns 1,216 shares of the company’s stock worth $54,000 after purchasing an additional 276 shares during the last quarter. KBC Group NV raised its stake in Braze by 41.5% during the third quarter. KBC Group NV now owns 2,097 shares of the company’s stock valued at $68,000 after purchasing an additional 615 shares in the last quarter. Amalgamated Bank grew its stake in shares of Braze by 18.9% in the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after buying an additional 358 shares in the last quarter. Finally, Evoke Wealth LLC bought a new stake in shares of Braze in the 2nd quarter worth about $215,000. 90.47% of the stock is owned by institutional investors.

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.