Braze, Inc. (NASDAQ:BRZE – Get Free Report) CFO Isabelle Winkles sold 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $32.12, for a total value of $144,540.00. Following the completion of the sale, the chief financial officer now owns 216,208 shares of the company’s stock, valued at $6,944,600.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.
Isabelle Winkles also recently made the following trade(s):
- On Tuesday, September 3rd, Isabelle Winkles sold 4,500 shares of Braze stock. The shares were sold at an average price of $43.41, for a total value of $195,345.00.
- On Monday, August 26th, Isabelle Winkles sold 10,000 shares of Braze stock. The stock was sold at an average price of $45.15, for a total transaction of $451,500.00.
- 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 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.
Braze Stock Performance
NASDAQ:BRZE opened at $31.08 on Friday. The stock’s fifty day moving average price is $38.84 and its two-hundred day moving average price is $40.05. The company has a market cap of $3.16 billion, a price-to-earnings ratio of -24.28 and a beta of 1.03. Braze, Inc. has a 52-week low of $30.36 and a 52-week high of $61.53.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. 1832 Asset Management L.P. boosted its stake 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 acquiring an additional 1,287,500 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Braze by 9.1% in the 4th quarter. Vanguard Group Inc. now owns 5,746,572 shares of the company’s stock valued at $305,315,000 after purchasing an additional 480,179 shares during the period. Granite Investment Partners LLC bought a new position in shares of Braze in the 2nd quarter worth $12,925,000. Point72 Asset Management L.P. acquired a new stake in shares of Braze during the second quarter worth $10,166,000. Finally, Peregrine Capital Management LLC bought a new stake in Braze in the second quarter valued at about $7,349,000. Institutional investors own 90.47% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on BRZE shares. DA Davidson lowered their price objective on Braze from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. TD Cowen lowered their price target on Braze from $52.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. JMP Securities reiterated a “market outperform” rating and set a $68.00 price objective on shares of Braze in a research note on Tuesday, September 24th. Piper Sandler restated an “overweight” rating and issued a $51.00 target price on shares of Braze in a research note on Friday, September 6th. Finally, UBS Group dropped their target price on shares of Braze from $56.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Eighteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $59.18.
Get Our Latest Analysis on Braze
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.
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