Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman Sells 4,786 Shares

Braze, Inc. (NASDAQ:BRZE - Get Free Report) General Counsel Susan Wiseman sold 4,786 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $27.08, for a total transaction of $129,604.88. Following the transaction, the general counsel owned 239,655 shares of the company's stock, valued at approximately $6,489,857.40. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, May 19th, Susan Wiseman sold 5,143 shares of Braze stock. The stock was sold at an average price of $35.88, for a total transaction of $184,530.84.

Braze Stock Up 0.2%

Shares of BRZE traded up $0.06 during mid-day trading on Wednesday, hitting $26.70. 509,763 shares of the company's stock were exchanged, compared to its average volume of 1,319,679. Braze, Inc. has a 52 week low of $25.22 and a 52 week high of $48.33. The stock's 50-day simple moving average is $31.20 and its 200-day simple moving average is $35.36. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of -26.44 and a beta of 1.10.

Braze (NASDAQ:BRZE - Get Free Report) last announced its earnings results on Thursday, June 5th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. Braze had a negative net margin of 16.76% and a negative return on equity of 18.89%. The company had revenue of $162.06 million for the quarter, compared to analysts' expectations of $158.60 million. During the same period last year, the firm earned ($0.05) earnings per share. The business's revenue for the quarter was up 19.6% on a year-over-year basis. Analysts forecast that Braze, Inc. will post -0.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BRZE shares. Citigroup increased their price objective on shares of Braze from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, March 28th. Raymond James Financial dropped their target price on shares of Braze from $48.00 to $43.00 and set an "outperform" rating on the stock in a report on Friday, June 6th. JPMorgan Chase & Co. dropped their target price on shares of Braze from $47.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, June 6th. JMP Securities reaffirmed a "market outperform" rating and issued a $68.00 target price on shares of Braze in a report on Friday, June 6th. Finally, Cantor Fitzgerald began coverage on shares of Braze in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $45.00 target price on the stock. One investment analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $45.79.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in shares of Braze by 12,025.6% during the first quarter. GAMMA Investing LLC now owns 26,555 shares of the company's stock worth $958,000 after purchasing an additional 26,336 shares during the period. Thrivent Financial for Lutherans bought a new position in Braze in the fourth quarter valued at approximately $708,000. Proficio Capital Partners LLC bought a new position in Braze in the fourth quarter valued at approximately $498,000. Pictet Asset Management Holding SA increased its stake in Braze by 27.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 8,935 shares of the company's stock valued at $374,000 after acquiring an additional 1,938 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Braze in the fourth quarter valued at approximately $549,000. 90.47% of the stock is owned by institutional investors.

Braze Company Profile

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.