Insider Selling: Braze, Inc. (NASDAQ:BRZE) Insider Sells 2,100 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) insider Myles Kleeger sold 2,100 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $45.00, for a total transaction of $94,500.00. Following the completion of the sale, the insider now owns 184,396 shares of the company’s stock, valued at approximately $8,297,820. This trade represents a 1.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Myles Kleeger also recently made the following trade(s):

• On Wednesday, November 20th, Myles Kleeger sold 6,342 shares of Braze stock. The shares were sold at an average price of $36.03, for a total transaction of $228,502.26.
• On Monday, November 18th, Myles Kleeger sold 9,225 shares of Braze stock. The shares were sold at an average price of $34.45, for a total value of $317,801.25.

Braze Trading Down 3.1 %

NASDAQ BRZE traded down $1.38 during trading on Wednesday, hitting $43.37. The company had a trading volume of 2,331,207 shares, compared to its average volume of 1,092,428. Braze, Inc. has a one year low of $29.18 and a one year high of $61.53. The company’s fifty day moving average is $35.97 and its 200-day moving average is $37.41. The company has a market cap of $4.46 billion, a price-to-earnings ratio of -38.04 and a beta of 1.15.

Institutional Trading of Braze

Several large investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Braze by 12.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 509,767 shares of the company’s stock valued at $16,486,000 after purchasing an additional 57,713 shares during the period. Point72 Asset Management L.P. purchased a new position in Braze during the second quarter valued at $10,166,000. Victory Capital Management Inc. boosted its holdings in shares of Braze by 5.0% during the 3rd quarter. Victory Capital Management Inc. now owns 411,544 shares of the company’s stock valued at $13,309,000 after buying an additional 19,567 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Braze in the 2nd quarter worth about $971,000. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of Braze by 195.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 77,690 shares of the company’s stock worth $2,512,000 after acquiring an additional 51,411 shares in the last quarter. 90.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BRZE shares. Stifel Nicolaus boosted their price target on shares of Braze from $37.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company cut their target price on Braze from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Tuesday, November 26th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target (down from $70.00) on shares of Braze in a research report on Tuesday, December 10th. Piper Sandler boosted their price objective on shares of Braze from $40.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $51.00 target price on shares of Braze in a research note on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.74.

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.