Insider Selling: Braze, Inc. (NASDAQ:BRZE) General Counsel Sells 5,143 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 5,143 shares of the firm’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $35.88, for a total value of $184,530.84. Following the transaction, the general counsel now owns 243,856 shares in the company, valued at approximately $8,749,553.28. This represents a 2.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Friday, April 4th, Susan Wiseman sold 4,167 shares of Braze stock. The shares were sold at an average price of $30.98, for a total value of $129,093.66.
• On Thursday, February 20th, Susan Wiseman sold 3,486 shares of Braze stock. The shares were sold at an average price of $40.02, for a total value of $139,509.72.

Braze Stock Performance

Shares of BRZE stock opened at $34.73 on Friday. Braze, Inc. has a fifty-two week low of $27.45 and a fifty-two week high of $48.33. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of -30.46 and a beta of 1.15. The stock’s 50-day simple moving average is $33.08 and its 200-day simple moving average is $37.95.

Braze (NASDAQ:BRZE) last issued its earnings results on Thursday, March 27th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. The firm had revenue of $160.40 million for the quarter, compared to analyst estimates of $155.72 million. Braze had a negative return on equity of 24.88% and a negative net margin of 20.41%. Braze’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. As a group, equities analysts forecast that Braze, Inc. will post -0.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BRZE shares. Citigroup lifted their target price on Braze from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, March 28th. Stephens started coverage on Braze in a research note on Wednesday, March 19th. They issued an “overweight” rating and a $43.00 target price on the stock. Wells Fargo & Company cut their target price on Braze from $55.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Stifel Nicolaus set a $50.00 target price on Braze and gave the company a “buy” rating in a research note on Friday, March 28th. Finally, Barclays cut their target price on Braze from $70.00 to $47.00 and set an “overweight” rating on the stock in a research note on Friday, May 16th. One analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Braze currently has an average rating of “Buy” and a consensus target price of $50.10.

Institutional Investors Weigh In On Braze

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in Braze by 168.0% in the fourth 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 last quarter. GAMMA Investing LLC boosted its position in Braze by 236.1% in the first quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock valued at $27,000 after buying an additional 517 shares during the last quarter. Quarry LP boosted its position in Braze by 296.0% in the first quarter. Quarry LP now owns 796 shares of the company’s stock valued at $29,000 after buying an additional 595 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its position in Braze by 9,188.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company’s stock valued at $35,000 after buying an additional 827 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Braze in the first quarter valued at approximately $36,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

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.