Isabelle Winkles Sells 8,383 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles sold 8,383 shares of Braze stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $42.80, for a total transaction of $358,792.40. Following the sale, the chief financial officer now owns 278,681 shares in the company, valued at approximately $11,927,546.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 transaction of $315,672.39.

Braze Trading Down 3.4 %

Braze stock traded down $1.43 during mid-day trading on Monday, reaching $40.43. The company’s stock had a trading volume of 1,695,787 shares, compared to its average volume of 863,795. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of -30.40 and a beta of 1.14. The business has a 50 day moving average price of $51.83 and a 200-day moving average price of $50.97. Braze, Inc. has a twelve month low of $25.76 and a twelve month high of $61.53.

Hedge Funds Weigh In On Braze

Hedge funds and other institutional investors have recently modified their holdings of the company. Fred Alger Management LLC acquired a new position in shares of Braze during the third quarter valued at $29,000. BluePath Capital Management LLC bought a new stake in shares of Braze during the third quarter valued at about $31,000. Neo Ivy Capital Management bought a new stake in shares of Braze during the fourth quarter valued at about $40,000. Canton Hathaway LLC bought a new stake in shares of Braze during the fourth quarter valued at about $42,000. Finally, Comerica Bank raised its stake in shares of Braze by 377.2% during the fourth quarter. Comerica Bank now owns 940 shares of the company’s stock valued at $50,000 after purchasing an additional 743 shares in the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

Wall Street Analyst Weigh In

BRZE has been the topic of a number of analyst reports. TD Cowen dropped their price objective on shares of Braze from $68.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. 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 research note on Thursday, March 21st. Piper Sandler reissued an “overweight” rating and set a $66.00 price target on shares of Braze in a research report on Friday, April 5th. Raymond James decreased their price target on shares of Braze from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday, March 28th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Braze from $60.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, March 28th. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Braze presently has a consensus rating of “Moderate Buy” and an average target price of $64.29.

Braze Company Profile

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.