Braze, Inc. (NASDAQ:BRZE) Insider Sells $335,603.80 in Stock

Braze, Inc. (NASDAQ:BRZE) insider Myles Kleeger sold 8,365 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $40.12, for a total transaction of $335,603.80. Following the completion of the sale, the insider now directly owns 168,882 shares of the company’s stock, valued at approximately $6,775,545.84. The trade was a 4.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, February 18th, Myles Kleeger sold 7,149 shares of Braze stock. The shares were sold at an average price of $40.82, for a total transaction of $291,822.18.
• On Monday, January 6th, Myles Kleeger sold 10,000 shares of Braze stock. The stock was sold at an average price of $45.43, for a total transaction of $454,300.00.
• On Wednesday, December 18th, Myles Kleeger sold 37,900 shares of Braze stock. The stock was sold at an average price of $45.11, for a total value of $1,709,669.00.
• On Monday, December 16th, Myles Kleeger sold 2,100 shares of Braze stock. The shares were sold at an average price of $45.00, for a total value of $94,500.00.

Braze Trading Down 2.7 %

Shares of BRZE opened at $39.55 on Friday. The firm has a market cap of $4.09 billion, a P/E ratio of -34.69 and a beta of 1.13. The company’s 50-day moving average price is $43.42 and its 200 day moving average price is $39.05. Braze, Inc. has a 12-month low of $29.18 and a 12-month high of $59.12.

Institutional Investors Weigh In On Braze

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV increased 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 during the last quarter. Harbor Capital Advisors Inc. grew its stake 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 in the last quarter. Amalgamated Bank grew 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 valued at $73,000 after buying an additional 358 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Braze by 168.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock valued at $27,000 after buying an additional 405 shares during the period. Finally, KBC Group NV lifted its stake in Braze by 41.5% during the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after acquiring an additional 615 shares in the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Macquarie increased their price objective on Braze from $30.00 to $39.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price on shares of Braze in a report on Monday, February 3rd. Piper Sandler raised their price target on shares of Braze from $40.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Oppenheimer reaffirmed an “outperform” rating and set a $51.00 price objective on shares of Braze in a research note on Tuesday, December 10th. Finally, Citigroup raised their target price on shares of Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Braze currently has a consensus rating of “Moderate Buy” and a consensus price target 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.