Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman Sells 5,210 Shares

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 5,210 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $40.82, for a total transaction of $212,672.20. Following the completion of the sale, the chief technology officer now directly owns 157,810 shares in the company, valued at approximately $6,441,804.20. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Braze Trading Down 2.7 %

NASDAQ:BRZE opened at $39.55 on Friday. The stock has a 50 day moving average of $43.42 and a two-hundred day moving average of $39.03. Braze, Inc. has a 12 month low of $29.18 and a 12 month high of $59.12. The firm has a market cap of $4.09 billion, a P/E ratio of -34.69 and a beta of 1.13.

Institutional Trading of Braze

Several large investors have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV lifted its holdings in Braze by 2.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,340 shares of the company’s stock valued at $559,000 after purchasing an additional 316 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Braze by 3.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 10,828 shares of the company’s stock valued at $453,000 after buying an additional 346 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Braze by 18.9% in the third quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after buying an additional 358 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Braze by 168.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 405 shares during the last quarter. Finally, KBC Group NV boosted its position in Braze by 41.5% during the third quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after acquiring an additional 615 shares during 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 recent research reports. Citigroup upped their target price on Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective on shares of Braze in a research report on Monday, February 3rd. Stifel Nicolaus lifted their target price on shares of Braze from $37.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Wells Fargo & Company decreased their target price on shares of Braze from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group dropped their price target on shares of Braze from $65.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.