Braze, Inc. (NASDAQ:BRZE) CAO Sells $169,349.00 in Stock

Braze, Inc. (NASDAQ:BRZE) CAO Pankaj Malik sold 3,700 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $45.77, for a total value of $169,349.00. Following the completion of the transaction, the chief accounting officer now owns 54,784 shares in the company, valued at $2,507,463.68. The trade was a 6.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, December 16th, Pankaj Malik sold 4,656 shares of Braze stock. The shares were sold at an average price of $43.65, for a total value of $203,234.40.
• 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 value of $118,232.40.

Braze Trading Down 3.4 %

Braze stock opened at $42.63 on Friday. The firm has a 50-day moving average of $40.04 and a 200-day moving average of $38.25. The firm has a market cap of $4.41 billion, a P/E ratio of -37.39 and a beta of 1.11. Braze, Inc. has a 1-year low of $29.18 and a 1-year high of $61.53.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Oppenheimer restated an “outperform” rating and set a $51.00 target price on shares of Braze in a research report on Tuesday, December 10th. William Blair reissued an “outperform” rating on shares of Braze in a research note on Thursday, December 19th. Loop Capital reissued a “buy” rating and issued a $75.00 target price on shares of Braze in a research note on Tuesday, September 24th. Piper Sandler increased their target price on Braze from $40.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company reduced their target price on Braze from $65.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.74.

Institutional Trading of Braze

A number of institutional investors have recently modified their holdings of BRZE. Rhumbline Advisers boosted its holdings in shares of Braze by 3.3% during the second quarter. Rhumbline Advisers now owns 75,371 shares of the company’s stock worth $2,927,000 after purchasing an additional 2,407 shares during the period. TD Asset Management Inc boosted its holdings in shares of Braze by 314.2% during the second quarter. TD Asset Management Inc now owns 60,312 shares of the company’s stock worth $2,343,000 after purchasing an additional 45,752 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Braze by 10.9% during the second quarter. Victory Capital Management Inc. now owns 391,977 shares of the company’s stock worth $15,224,000 after purchasing an additional 38,504 shares during the period. Arizona State Retirement System boosted its holdings in shares of Braze by 4.8% during the second quarter. Arizona State Retirement System now owns 15,466 shares of the company’s stock worth $601,000 after purchasing an additional 712 shares during the period. Finally, Quest Partners LLC boosted its holdings in shares of Braze by 923.8% during the second quarter. Quest Partners LLC now owns 35,373 shares of the company’s stock worth $1,374,000 after purchasing an additional 31,918 shares during the period. 90.47% of the stock is currently owned by hedge funds and other 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.