Shares of Braze, Inc. (NASDAQ:BRZE - Get Free Report) rose 5.9% during trading on Wednesday . The company traded as high as $32.47 and last traded at $32.97. Approximately 643,442 shares changed hands during trading, a decline of 56% from the average daily volume of 1,475,765 shares. The stock had previously closed at $31.14.
Analyst Ratings Changes
BRZE has been the topic of a number of recent research reports. Raymond James Financial dropped their price target on shares of Braze from $48.00 to $43.00 and set an "outperform" rating on the stock in a research note on Friday, June 6th. Needham & Company LLC restated a "buy" rating and set a $50.00 price target on shares of Braze in a research note on Friday, September 5th. Macquarie dropped their price target on shares of Braze from $40.00 to $35.00 and set a "neutral" rating on the stock in a research note on Friday, June 6th. Mizuho increased their target price on shares of Braze from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Friday, September 5th. Finally, The Goldman Sachs Group set a $52.00 price target on shares of Braze and gave the company a "buy" rating in a report on Saturday, September 6th. Twenty investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Braze currently has an average rating of "Moderate Buy" and a consensus target price of $45.10.
Read Our Latest Report on BRZE
Braze Stock Performance
The company's 50-day moving average price is $27.66 and its two-hundred day moving average price is $30.69. The stock has a market cap of $3.55 billion, a PE ratio of -30.70 and a beta of 1.10.
Insider Activity
In other news, CEO William Magnuson sold 24,325 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $25.94, for a total transaction of $630,990.50. Following the sale, the chief executive officer owned 721,444 shares in the company, valued at approximately $18,714,257.36. This trade represents a 3.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Pankaj Malik sold 2,344 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $25.94, for a total transaction of $60,803.36. Following the sale, the chief accounting officer owned 66,930 shares in the company, valued at approximately $1,736,164.20. This trade represents a 3.38% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,624 shares of company stock worth $2,021,306. Corporate insiders own 18.20% of the company's stock.
Hedge Funds Weigh In On Braze
A number of large investors have recently added to or reduced their stakes in BRZE. BNP Paribas Financial Markets purchased a new position in Braze in the 4th quarter worth $803,000. Bank of America Corp DE raised its position in Braze by 57.6% in the 4th quarter. Bank of America Corp DE now owns 402,690 shares of the company's stock worth $16,865,000 after purchasing an additional 147,127 shares during the period. Captrust Financial Advisors purchased a new position in Braze in the 4th quarter worth $270,000. Janus Henderson Group PLC raised its position in Braze by 18.9% in the 4th quarter. Janus Henderson Group PLC now owns 27,104 shares of the company's stock worth $1,135,000 after purchasing an additional 4,300 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Braze by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,524 shares of the company's stock worth $1,572,000 after acquiring an additional 1,427 shares during the last quarter. Hedge funds and other institutional investors own 90.47% of the company's stock.
About Braze
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Braze, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Braze wasn't on the list.
While Braze currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
