Insider Selling: Braze, Inc. (NASDAQ:BRZE) CFO Sells 8,207 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles sold 8,207 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $41.37, for a total value of $339,523.59. Following the completion of the transaction, the chief financial officer now directly owns 234,420 shares of the company’s stock, valued at approximately $9,697,955.40. The transaction was disclosed in a filing with the SEC, which is available at 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 value of $177,058.48.
• On Thursday, August 1st, Isabelle Winkles sold 4,500 shares of Braze stock. The shares were 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 stock was sold at an average price of $39.06, for a total transaction of $175,770.00.

Braze Stock Performance

Shares of BRZE stock traded down $0.08 on Tuesday, hitting $43.63. 418,542 shares of the stock traded hands, compared to its average volume of 930,960. Braze, Inc. has a twelve month low of $33.93 and a twelve month high of $61.53. The firm’s 50-day moving average price is $38.89 and its two-hundred day moving average price is $44.26. The stock has a market capitalization of $4.43 billion, a PE ratio of -34.09 and a beta of 1.07.

Braze (NASDAQ:BRZE) last posted its earnings results on Thursday, June 6th. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $135.46 million for the quarter, compared to analyst estimates of $131.56 million. On average, equities research analysts anticipate that Braze, Inc. will post -1.21 EPS for the current fiscal year.

Analyst Ratings Changes

BRZE has been the topic of several research analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $68.00 target price on shares of Braze in a research report on Friday, June 7th. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price objective on shares of Braze in a report on Monday, June 17th. Wells Fargo & Company reduced their target price on Braze from $75.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, April 29th. Piper Sandler lowered their price target on Braze from $55.00 to $51.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Finally, Oppenheimer reiterated an “outperform” rating and set a $60.00 price target on shares of Braze in a research report on Wednesday, June 12th. Seventeen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $61.13.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Raymond James & Associates purchased a new stake in Braze in the fourth quarter valued at $304,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Braze by 2.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,831 shares of the company’s stock worth $1,266,000 after purchasing an additional 588 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Braze by 14.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,112 shares of the company’s stock worth $590,000 after purchasing an additional 1,434 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in Braze by 58.8% in the 4th quarter. Handelsbanken Fonder AB now owns 8,100 shares of the company’s stock valued at $430,000 after buying an additional 3,000 shares during the period. Finally, New York State Common Retirement Fund lifted its position in Braze by 814.1% in the fourth quarter. New York State Common Retirement Fund now owns 178,514 shares of the company’s stock valued at $9,484,000 after buying an additional 158,986 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

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.