Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles Sells 4,500 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles sold 4,500 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $43.41, for a total value of $195,345.00. Following the completion of the transaction, the chief financial officer now owns 216,208 shares in the company, valued at $9,385,589.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, August 26th, Isabelle Winkles sold 10,000 shares of Braze stock. The shares were sold at an average price of $45.15, for a total value of $451,500.00.
• On Monday, August 19th, Isabelle Winkles sold 4,091 shares of Braze stock. The stock was sold at an average price of $43.28, for a total value of $177,058.48.
• On Friday, August 16th, Isabelle Winkles sold 8,207 shares of Braze stock. The shares were 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 transaction 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 transaction of $175,770.00.

Braze Stock Up 2.2 %

Shares of BRZE stock opened at $44.13 on Friday. Braze, Inc. has a 12-month low of $33.93 and a 12-month high of $61.53. The firm has a fifty day moving average of $41.27 and a 200-day moving average of $43.17. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of -34.48 and a beta of 1.07.

Braze (NASDAQ:BRZE) last announced its earnings results on Thursday, September 5th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.12. Braze had a negative net margin of 25.06% and a negative return on equity of 27.85%. The firm had revenue of $145.50 million during the quarter, compared to analyst estimates of $141.32 million. During the same period in the prior year, the business earned ($0.30) EPS. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. On average, equities analysts expect that Braze, Inc. will post -1.21 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. 1832 Asset Management L.P. grew its position in Braze by 537.4% in the fourth quarter. 1832 Asset Management L.P. now owns 1,527,100 shares of the company’s stock valued at $81,135,000 after purchasing an additional 1,287,500 shares in the last quarter. Norges Bank acquired a new position in shares of Braze during the 4th quarter worth about $37,584,000. Fiera Capital Corp bought a new position in shares of Braze in the 4th quarter valued at about $31,153,000. Vanguard Group Inc. increased its position in shares of Braze by 9.1% in the fourth quarter. Vanguard Group Inc. now owns 5,746,572 shares of the company’s stock valued at $305,315,000 after acquiring an additional 480,179 shares during the last quarter. Finally, Granite Investment Partners LLC acquired a new stake in shares of Braze in the second quarter valued at about $12,925,000. 90.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on BRZE shares. BTIG Research dropped their target price on shares of Braze from $68.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, May 31st. TD Cowen dropped their price objective on Braze from $65.00 to $52.00 and set a “buy” rating for the company in a report on Friday, May 31st. Raymond James reduced their target price on Braze from $65.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday, June 7th. JMP Securities restated a “market outperform” rating and set a $68.00 target price on shares of Braze in a research report on Friday, June 7th. Finally, Barclays cut their price target on shares of Braze from $80.00 to $70.00 and set an “overweight” rating on the stock in a research report on Monday, August 26th. Seventeen equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $60.50.

About Braze

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.