Isabelle Winkles Sells 10,000 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles sold 10,000 shares of Braze stock in a transaction on Monday, August 26th. The stock was sold at an average price of $45.15, for a total value of $451,500.00. Following the sale, the chief financial officer now directly owns 216,208 shares of the company’s stock, valued at $9,761,791.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Isabelle Winkles also recently made the following trade(s):

• On Monday, August 19th, Isabelle Winkles sold 4,091 shares of Braze stock. The shares were sold at an average price of $43.28, for a total transaction of $177,058.48.
• On Friday, August 16th, Isabelle Winkles sold 8,207 shares of Braze stock. The stock was sold at an average price of $41.37, for a total transaction of $339,523.59.
• On Thursday, August 1st, Isabelle Winkles sold 4,500 shares of Braze stock. The stock was sold at an average price of $42.18, for a total value of $189,810.00.
• On Monday, July 1st, Isabelle Winkles sold 4,500 shares of Braze stock. The shares were sold at an average price of $39.06, for a total value of $175,770.00.

Braze Stock Performance

Shares of NASDAQ BRZE traded down $1.23 during mid-day trading on Wednesday, reaching $44.55. The company had a trading volume of 535,289 shares, compared to its average volume of 922,059. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of -34.80 and a beta of 1.07. The business’s 50-day simple moving average is $40.06 and its 200 day simple moving average is $43.66. Braze, Inc. has a one year low of $33.93 and a one year high of $61.53.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Thursday, June 6th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.01. Braze had a negative net margin of 25.06% and a negative return on equity of 27.85%. The business had revenue of $135.46 million for the quarter, compared to analysts’ expectations of $131.56 million. On average, sell-side analysts anticipate that Braze, Inc. will post -1.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Piper Sandler lowered their price objective on shares of Braze from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Canaccord Genuity Group raised their price target on Braze from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, June 7th. TD Cowen dropped their price objective on Braze from $65.00 to $52.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Scotiabank upgraded shares of Braze from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $48.00 to $56.00 in a report on Wednesday, July 10th. Finally, Raymond James dropped their target price on shares of Braze from $65.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday, June 7th. Seventeen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Braze presently has a consensus rating of “Buy” and an average target price of $60.50.

Institutional Investors Weigh In On Braze

Hedge funds have recently made changes to their positions in the stock. Comerica Bank increased its holdings in shares of Braze by 29.4% during the first quarter. Comerica Bank now owns 1,216 shares of the company’s stock worth $54,000 after buying an additional 276 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Braze by 2.2% in the 2nd quarter. Blair William & Co. IL now owns 12,928 shares of the company’s stock worth $502,000 after purchasing an additional 283 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Braze by 17.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,917 shares of the company’s stock valued at $85,000 after purchasing an additional 290 shares in the last quarter. American International Group Inc. raised its stake in Braze by 1.2% during the 1st quarter. American International Group Inc. now owns 26,369 shares of the company’s stock worth $1,168,000 after buying an additional 310 shares during the period. Finally, Creative Planning raised its holdings in Braze by 1.7% during the second quarter. Creative Planning now owns 23,121 shares of the company’s stock worth $898,000 after buying an additional 384 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

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.