Phillip M. Fernandez Sells 1,500 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) Director Phillip M. Fernandez sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $41.79, for a total value of $62,685.00. Following the transaction, the director now directly owns 11,056 shares in the company, valued at approximately $462,030.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Braze Trading Down 1.6 %

NASDAQ BRZE opened at $39.53 on Thursday. The company has a market cap of $3.99 billion, a price-to-earnings ratio of -29.72 and a beta of 1.13. The company has a 50 day moving average of $51.19 and a 200-day moving average of $50.84. Braze, Inc. has a 1-year low of $25.76 and a 1-year high of $61.53.

Hedge Funds Weigh In On Braze

A number of hedge funds have recently added to or reduced their stakes in the stock. Creative Planning lifted its position in shares of Braze by 1.2% during the 4th quarter. Creative Planning now owns 21,827 shares of the company’s stock valued at $1,160,000 after acquiring an additional 249 shares during the period. Voya Investment Management LLC increased its position in shares of Braze by 1.5% in the fourth quarter. Voya Investment Management LLC now owns 20,814 shares of the company’s stock worth $1,106,000 after purchasing an additional 299 shares during the period. HighTower Advisors LLC raised its stake in Braze by 6.6% in the third quarter. HighTower Advisors LLC now owns 5,434 shares of the company’s stock valued at $256,000 after purchasing an additional 335 shares in the last quarter. Legal & General Group Plc lifted its position in Braze by 4.3% during the fourth quarter. Legal & General Group Plc now owns 8,303 shares of the company’s stock worth $227,000 after purchasing an additional 340 shares during the period. Finally, Arizona State Retirement System grew its stake in Braze by 4.6% during the third quarter. Arizona State Retirement System now owns 11,815 shares of the company’s stock worth $552,000 after buying an additional 524 shares in the last quarter. Institutional investors own 90.47% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on BRZE shares. William Blair reiterated an “outperform” rating on shares of Braze in a research note on Thursday, March 28th. DA Davidson reaffirmed a “buy” rating and set a $65.00 price objective on shares of Braze in a research report on Monday, March 25th. UBS Group upgraded shares of Braze from a “neutral” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Thursday, March 21st. Scotiabank cut their target price on shares of Braze from $65.00 to $58.00 and set a “sector perform” rating for the company in a research note on Thursday, March 28th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $75.00 target price on shares of Braze in a report on Thursday, March 28th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.29.

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.