Insider Selling: Braze, Inc. (NASDAQ:BRZE) CFO Sells 8,383 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles sold 8,383 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $42.80, for a total value of $358,792.40. Following the completion of the transaction, the chief financial officer now directly owns 278,681 shares of the company’s stock, valued at approximately $11,927,546.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Isabelle Winkles also recently made the following trade(s):

• On Friday, February 16th, Isabelle Winkles sold 5,489 shares of Braze stock. The shares were sold at an average price of $57.51, for a total value of $315,672.39.

Braze Trading Down 3.4 %

NASDAQ BRZE traded down $1.43 during trading hours on Monday, reaching $40.43. 1,695,787 shares of the company’s stock were exchanged, compared to its average volume of 863,795. The stock has a market cap of $4.08 billion, a PE ratio of -30.40 and a beta of 1.14. The firm has a fifty day moving average of $51.83 and a 200-day moving average of $50.97. Braze, Inc. has a one year low of $25.76 and a one year high of $61.53.

Analysts Set New Price Targets

Several equities analysts have commented on BRZE shares. Oppenheimer reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Braze in a report on Thursday, March 28th. Canaccord Genuity Group dropped their target price on Braze from $70.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, March 28th. UBS Group raised Braze from a “neutral” rating to a “buy” rating and set a $62.00 target price for the company in a report on Thursday, March 21st. Raymond James dropped their target price on Braze from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. dropped their target price on Braze from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, March 28th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Braze has an average rating of “Moderate Buy” and a consensus target price of $64.29.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Creative Planning boosted its position in Braze by 1.2% in the 4th quarter. Creative Planning now owns 21,827 shares of the company’s stock valued at $1,160,000 after buying an additional 249 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of Braze by 1.5% in the 4th quarter. Voya Investment Management LLC now owns 20,814 shares of the company’s stock valued at $1,106,000 after purchasing an additional 299 shares during the period. HighTower Advisors LLC lifted its stake in shares of Braze by 6.6% in the 3rd quarter. HighTower Advisors LLC now owns 5,434 shares of the company’s stock valued at $256,000 after purchasing an additional 335 shares during the period. Legal & General Group Plc lifted its stake in shares of Braze by 4.3% in the 4th quarter. Legal & General Group Plc now owns 8,303 shares of the company’s stock valued at $227,000 after purchasing an additional 340 shares during the period. Finally, Arizona State Retirement System lifted its stake in shares of Braze by 4.6% in the 3rd quarter. Arizona State Retirement System now owns 11,815 shares of the company’s stock valued at $552,000 after purchasing an additional 524 shares during the period. 90.47% of the stock is currently owned by institutional investors.

About Braze

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers data ingestion products, such as 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 cohort syncing, which allow brands to sync user cohorts from partners; and Braze Cloud Data Ingestion that enables brands to harness their customer data.