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

Braze, Inc. (NASDAQ:BRZE) Director Phillip M. Fernandez sold 1,500 shares of Braze stock in a transaction on Friday, December 13th. The stock was sold at an average price of $42.02, for a total transaction of $63,030.00. Following the sale, the director now directly owns 15,269 shares of the company’s stock, valued at $641,603.38. This represents a 8.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Braze Price Performance

BRZE opened at $43.37 on Thursday. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of -38.04 and a beta of 1.15. The business’s 50-day moving average price is $35.97 and its two-hundred day moving average price is $37.41. Braze, Inc. has a 1 year low of $29.18 and a 1 year high of $61.53.

Analyst Ratings Changes

A number of equities research analysts recently commented on BRZE shares. Oppenheimer reaffirmed an “outperform” rating and set a $51.00 price objective on shares of Braze in a research note on Tuesday, December 10th. TD Cowen reduced their target price on Braze from $52.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. UBS Group lowered their price target on Braze from $56.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Piper Sandler lifted their price objective on shares of Braze from $40.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, Loop Capital restated a “buy” rating and set a $75.00 price objective on shares of Braze in a report on Tuesday, September 24th. One analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.74.

Institutional Investors Weigh In On Braze

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP acquired a new position in Braze during the 2nd quarter worth approximately $50,000. Comerica Bank raised its holdings in shares of Braze by 29.4% in the first quarter. Comerica Bank now owns 1,216 shares of the company’s stock valued at $54,000 after purchasing an additional 276 shares during the last quarter. KBC Group NV lifted its position in shares of Braze by 41.5% in the third quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after purchasing an additional 615 shares in the last quarter. Amalgamated Bank boosted its holdings in Braze by 18.9% during the third quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after purchasing an additional 358 shares during the last quarter. Finally, Evoke Wealth LLC acquired a new position in Braze during the second quarter worth $215,000. Institutional investors and hedge funds 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.