Insider Selling: Braze, Inc. (NASDAQ:BRZE) Insider Sells $383,231.52 in Stock

Braze, Inc. (NASDAQ:BRZEGet Free Report) insider Myles Kleeger sold 9,177 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $41.76, for a total transaction of $383,231.52. Following the sale, the insider now directly owns 221,906 shares of the company’s stock, valued at $9,266,794.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Myles Kleeger also recently made the following trade(s):

  • On Monday, May 20th, Myles Kleeger sold 6,344 shares of Braze stock. The shares were sold at an average price of $42.68, for a total transaction of $270,761.92.
  • On Tuesday, February 20th, Myles Kleeger sold 6,874 shares of Braze stock. The stock was sold at an average price of $56.87, for a total transaction of $390,924.38.

Braze Price Performance

Shares of NASDAQ BRZE opened at $42.35 on Thursday. The firm’s 50 day simple moving average is $43.76 and its 200-day simple moving average is $50.23. Braze, Inc. has a 12 month low of $30.48 and a 12 month high of $61.53. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of -31.84 and a beta of 1.13.

Braze (NASDAQ:BRZEGet Free Report) last released its quarterly earnings data on Wednesday, March 27th. The company reported ($0.29) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.02. Braze had a negative net margin of 27.44% and a negative return on equity of 28.24%. The company had revenue of $130.96 million during the quarter, compared to analysts’ expectations of $124.55 million. Analysts anticipate that Braze, Inc. will post -1.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on BRZE shares. Wells Fargo & Company dropped their target price on Braze from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, April 29th. Oppenheimer reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Braze in a research report on Thursday, March 28th. Raymond James dropped their target price on shares of Braze from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, March 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price target on shares of Braze in a report on Thursday, March 28th. Finally, DA Davidson reissued a “buy” rating and issued a $65.00 target price on shares of Braze in a research report on Monday, March 25th. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.12.

View Our Latest Research Report on BRZE

Hedge Funds Weigh In On Braze

Hedge funds have recently bought and sold shares of the business. Fred Alger Management LLC purchased a new position in shares of Braze during the 3rd quarter valued at approximately $29,000. Neo Ivy Capital Management purchased a new position in Braze during the fourth quarter valued at $40,000. Covestor Ltd grew its position in shares of Braze by 401.1% in the first quarter. Covestor Ltd now owns 922 shares of the company’s stock valued at $41,000 after purchasing an additional 738 shares during the period. Canton Hathaway LLC purchased a new stake in shares of Braze during the fourth quarter worth about $42,000. Finally, Comerica Bank raised its position in shares of Braze by 29.4% during the 1st quarter. Comerica Bank now owns 1,216 shares of the company’s stock worth $54,000 after purchasing an additional 276 shares during the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Braze Company Profile

(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.

Further Reading

Insider Buying and Selling by Quarter for Braze (NASDAQ:BRZE)

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