Phillip M. Fernandez Sells 1,500 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) Director Phillip M. Fernandez sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $43.13, for a total transaction of $64,695.00. Following the completion of the sale, the director now owns 15,269 shares of the company’s stock, valued at approximately $658,551.97. The trade was a 8.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Braze Price Performance

Shares of BRZE opened at $44.11 on Friday. Braze, Inc. has a one year low of $29.18 and a one year high of $61.53. The company has a 50-day moving average of $41.22 and a two-hundred day moving average of $38.49. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of -38.69 and a beta of 1.11.

Analyst Ratings Changes

A number of research firms recently issued reports on BRZE. Citigroup boosted their target price on shares of Braze from $47.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Wells Fargo & Company reduced their price target on shares of Braze from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 26th. UBS Group lowered their target price on shares of Braze from $56.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Stifel Nicolaus raised their target price on shares of Braze from $37.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Macquarie raised their target price on shares of Braze from $30.00 to $39.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Braze currently has a consensus rating of “Moderate Buy” and an average target price of $53.74.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BRZE. JPMorgan Chase & Co. boosted its holdings in shares of Braze by 146.9% in the third quarter. JPMorgan Chase & Co. now owns 1,808,577 shares of the company’s stock worth $58,489,000 after buying an additional 1,075,998 shares during the period. Stephens Investment Management Group LLC acquired a new stake in shares of Braze during the third quarter worth approximately $20,794,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Braze by 69.5% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,494,100 shares of the company’s stock worth $48,319,000 after purchasing an additional 612,400 shares during the period. Granite Investment Partners LLC acquired a new stake in shares of Braze during the second quarter worth approximately $12,925,000. Finally, State Street Corp boosted its holdings in shares of Braze by 21.5% during the third quarter. State Street Corp now owns 1,575,701 shares of the company’s stock worth $50,958,000 after purchasing an additional 279,050 shares during the period. 90.47% of the stock is currently owned by institutional investors and hedge funds.

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.