Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman Sells 7,600 Shares

Braze, Inc. (NASDAQ:BRZE - Get Free Report) General Counsel Susan Wiseman sold 7,600 shares of the business's stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $43.06, for a total transaction of $327,256.00. Following the transaction, the general counsel now directly owns 206,358 shares of the company's stock, valued at approximately $8,885,775.48. The sale 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 Friday, February 16th, Susan Wiseman sold 2,838 shares of Braze stock. The stock was sold at an average price of $57.52, for a total transaction of $163,241.76.

Braze Stock Performance

NASDAQ:BRZE traded up $0.31 during midday trading on Monday, reaching $43.46. 890,242 shares of the stock traded hands, compared to its average volume of 847,802. The company has a fifty day moving average of $53.14 and a 200 day moving average of $51.09. Braze, Inc. has a 12 month low of $25.76 and a 12 month high of $61.53. The stock has a market capitalization of $4.38 billion, a P/E ratio of -32.68 and a beta of 1.13.

Analysts Set New Price Targets

A number of equities analysts have commented on BRZE shares. William Blair reissued an "outperform" rating on shares of Braze in a research note on Thursday, March 28th. TD Cowen cut their price target on shares of Braze from $68.00 to $65.00 and set a "buy" rating for the company in a research note on Thursday, March 28th. Needham & Company LLC reissued a "buy" rating and issued a $70.00 price target on shares of Braze in a research note on Thursday, March 28th. Oppenheimer reissued an "outperform" rating and issued a $75.00 price target on shares of Braze in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. cut their price target on shares of Braze from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $64.29.

Institutional Investors Weigh In On Braze

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Braze by 9.1% in the 4th quarter. Vanguard Group Inc. now owns 5,746,572 shares of the company's stock worth $305,315,000 after purchasing an additional 480,179 shares in the last quarter. Morgan Stanley grew its position in shares of Braze by 20.1% in the 3rd quarter. Morgan Stanley now owns 5,387,736 shares of the company's stock worth $251,769,000 after buying an additional 899,894 shares during the period. BlackRock Inc. grew its position in shares of Braze by 296.6% in the 2nd quarter. BlackRock Inc. now owns 2,604,483 shares of the company's stock worth $114,050,000 after buying an additional 1,947,831 shares during the period. Alliancebernstein L.P. grew its position in shares of Braze by 12.5% in the 2nd quarter. Alliancebernstein L.P. now owns 2,376,204 shares of the company's stock worth $104,054,000 after buying an additional 263,250 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Braze by 62.6% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,090,100 shares of the company's stock worth $111,047,000 after buying an additional 805,000 shares during the period. 90.47% of the stock is currently 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 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.

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