Fernando Machado Sells 2,361 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) Director Fernando Machado sold 2,361 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $42.46, for a total value of $100,248.06. Following the sale, the director now directly owns 6,101 shares of the company’s stock, valued at $259,048.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Braze Price Performance

BRZE opened at $39.53 on Thursday. Braze, Inc. has a fifty-two week low of $25.76 and a fifty-two week high of $61.53. The business has a 50-day moving average of $51.19 and a 200-day moving average of $50.84. The company has a market capitalization of $3.99 billion, a PE ratio of -29.72 and a beta of 1.13.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BRZE. William Blair reaffirmed an “outperform” rating on shares of Braze in a report on Thursday, March 28th. Scotiabank reduced their target price on Braze from $65.00 to $58.00 and set a “sector perform” rating for the company in a report on Thursday, March 28th. DA Davidson reaffirmed a “buy” rating and set a $65.00 target price on shares of Braze in a report on Monday, March 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 target price on shares of Braze in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. reduced their target price on Braze from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.29.

Institutional Investors Weigh In On Braze

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning raised its stake in shares of Braze by 1.2% during the 4th quarter. Creative Planning now owns 21,827 shares of the company’s stock worth $1,160,000 after purchasing an additional 249 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Braze by 1.5% during the 4th quarter. Voya Investment Management LLC now owns 20,814 shares of the company’s stock worth $1,106,000 after purchasing an additional 299 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Braze by 6.6% during the 3rd quarter. HighTower Advisors LLC now owns 5,434 shares of the company’s stock worth $256,000 after purchasing an additional 335 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Braze by 4.3% during the 4th quarter. Legal & General Group Plc now owns 8,303 shares of the company’s stock valued at $227,000 after acquiring an additional 340 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Braze by 4.6% during the 3rd quarter. Arizona State Retirement System now owns 11,815 shares of the company’s stock valued at $552,000 after acquiring an additional 524 shares during the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

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.