Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman Sells 4,167 Shares

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 4,167 shares of the business’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $30.98, for a total value of $129,093.66. Following the transaction, the general counsel now directly owns 248,999 shares in the company, valued at $7,713,989.02. This trade represents a 1.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, February 20th, Susan Wiseman sold 3,486 shares of Braze stock. The shares were sold at an average price of $40.02, for a total transaction of $139,509.72.
• On Tuesday, February 18th, Susan Wiseman sold 3,925 shares of Braze stock. The shares were sold at an average price of $40.82, for a total transaction of $160,218.50.
• On Monday, January 27th, Susan Wiseman sold 10,000 shares of Braze stock. The stock was sold at an average price of $47.22, for a total transaction of $472,200.00.

Braze Trading Down 7.7 %

Braze stock opened at $30.38 on Friday. The firm has a market capitalization of $3.18 billion, a P/E ratio of -26.65 and a beta of 1.13. Braze, Inc. has a twelve month low of $28.59 and a twelve month high of $48.33. The stock’s fifty day simple moving average is $36.88 and its 200-day simple moving average is $37.80.

Braze (NASDAQ:BRZE) last issued its quarterly earnings results on Thursday, March 27th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.07. The company had revenue of $160.40 million for the quarter, compared to the consensus estimate of $155.72 million. Braze had a negative return on equity of 24.88% and a negative net margin of 20.41%. Braze’s revenue was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.04) EPS. Sell-side analysts predict that Braze, Inc. will post -0.98 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in shares of 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 holdings in Braze by 9,188.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company’s stock valued at $35,000 after buying an additional 827 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Braze by 8,436.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 939 shares of the company’s stock valued at $39,000 after buying an additional 928 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Braze during the 4th quarter worth about $47,000. Finally, Versant Capital Management Inc acquired a new position in shares of Braze during the 1st quarter worth about $54,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BRZE. Canaccord Genuity Group raised their price target on shares of Braze from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, March 28th. Wells Fargo & Company reissued an “overweight” rating and set a $55.00 target price (up previously from $50.00) on shares of Braze in a research note on Friday, March 28th. Needham & Company LLC restated a “buy” rating and issued a $50.00 target price on shares of Braze in a research report on Friday, March 28th. Stephens started coverage on Braze in a report on Wednesday, March 19th. They set an “overweight” rating and a $43.00 price target for the company. Finally, Citigroup boosted their price objective on shares of Braze from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, March 28th. One analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $53.00.

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.