Braze, Inc. (NASDAQ:BRZE) CEO Sells $736,801.00 in Stock

Braze, Inc. (NASDAQ:BRZE) CEO William Magnuson sold 18,050 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $40.82, for a total value of $736,801.00. Following the completion of the transaction, the chief executive officer now owns 564,766 shares in the company, valued at approximately $23,053,748.12. The trade was a 3.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Braze Price Performance

NASDAQ BRZE opened at $40.66 on Friday. Braze, Inc. has a 1-year low of $29.18 and a 1-year high of $59.12. The company has a market capitalization of $4.21 billion, a P/E ratio of -35.67 and a beta of 1.13. The business has a 50 day moving average price of $43.46 and a 200 day moving average price of $39.02.

Wall Street Analyst Weigh In

BRZE has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their target price on Braze from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Tuesday, November 26th. William Blair reissued an “outperform” rating on shares of Braze in a research report on Thursday, December 19th. The Goldman Sachs Group decreased their target price on Braze from $65.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Macquarie upped their target price on Braze from $30.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Braze in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.74.

Hedge Funds Weigh In On Braze

Several hedge funds have recently bought and sold shares of BRZE. Tower Research Capital LLC TRC increased its stake in Braze by 168.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock valued at $27,000 after purchasing an additional 405 shares in the last quarter. Aster Capital Management DIFC Ltd increased its position in Braze by 9,188.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company’s stock worth $35,000 after buying an additional 827 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Braze by 8,436.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 939 shares of the company’s stock worth $39,000 after buying an additional 928 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Braze during the fourth quarter worth $47,000. Finally, KBC Group NV increased its position in Braze by 41.5% during the third quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after buying an additional 615 shares in the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

About Braze

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.