Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman Sells 3,925 Shares

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 3,925 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $40.82, for a total transaction of $160,218.50. Following the completion of the transaction, the general counsel now directly owns 185,595 shares in the company, valued at approximately $7,575,987.90. The trade was a 2.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Susan Wiseman also recently made the following trade(s):

• On Thursday, February 20th, Susan Wiseman sold 3,486 shares of Braze stock. The stock was sold at an average price of $40.02, for a total transaction of $139,509.72.
• On Monday, January 27th, Susan Wiseman sold 10,000 shares of Braze stock. The stock was sold at an average price of $47.22, for a total transaction of $472,200.00.
• On Monday, January 6th, Susan Wiseman sold 14,000 shares of Braze stock. The shares were sold at an average price of $45.52, for a total value of $637,280.00.
• On Wednesday, December 18th, Susan Wiseman sold 41,210 shares of Braze stock. The shares were sold at an average price of $45.09, for a total value of $1,858,158.90.
• On Monday, December 16th, Susan Wiseman sold 2,790 shares of Braze stock. The shares were sold at an average price of $45.00, for a total value of $125,550.00.

Braze Stock Down 0.4 %

Shares of Braze stock traded down $0.18 during trading on Thursday, reaching $40.66. 1,315,267 shares of the stock were exchanged, compared to its average volume of 1,127,326. The stock’s fifty day moving average is $43.46 and its 200 day moving average is $39.02. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of -35.67 and a beta of 1.13. Braze, Inc. has a 1 year low of $29.18 and a 1 year high of $59.12.

Institutional Trading of Braze

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its holdings in Braze by 168.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock worth $27,000 after buying an additional 405 shares during the period. Aster Capital Management DIFC Ltd increased its position in shares of Braze by 9,188.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company’s stock valued at $35,000 after acquiring an additional 827 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Braze by 8,436.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 939 shares of the company’s stock worth $39,000 after purchasing an additional 928 shares during the period. SBI Securities Co. Ltd. bought a new stake in Braze in the 4th quarter worth approximately $47,000. Finally, KBC Group NV lifted its stake in shares of Braze by 41.5% during the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock valued at $68,000 after buying an additional 615 shares in the last quarter. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BRZE has been the topic of a number of research analyst reports. Piper Sandler increased their target price on Braze from $40.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. DA Davidson reduced their target price on Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, December 10th. Wells Fargo & Company reduced their target price on Braze from $65.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Braze in a research note on Monday, February 3rd. Finally, Stifel Nicolaus upped 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. One equities research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.74.

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.