Braze, Inc. (NASDAQ:BRZE – Get Rating) CAO Pankaj Malik sold 5,943 shares of the firm’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $31.53, for a total transaction of $187,382.79. Following the completion of the transaction, the chief accounting officer now owns 80,360 shares in the company, valued at $2,533,750.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
BRZE stock traded up $1.70 during trading on Thursday, hitting $32.08. 702,936 shares of the stock traded hands, compared to its average volume of 655,287. Braze, Inc. has a one year low of $27.09 and a one year high of $98.78. The stock has a 50 day moving average of $38.98.
Braze (NASDAQ:BRZE – Get Rating) last announced its quarterly earnings results on Wednesday, March 30th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.01. As a group, equities research analysts predict that Braze, Inc. will post -1.77 earnings per share for the current year.
A number of research analysts recently issued reports on the stock. Canaccord Genuity Group lowered their target price on shares of Braze from $85.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, March 31st. Barclays lowered their target price on shares of Braze from $95.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, April 1st. Canaccord Genuity Group decreased their price target on shares of Braze from $85.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, March 31st. Piper Sandler decreased their price target on shares of Braze from $85.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, March 31st. Finally, The Goldman Sachs Group decreased their price target on shares of Braze from $100.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, March 16th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $71.54.
Braze Company Profile (Get Rating)
Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. It offers data ingestion products, such as Braze software development kits that automatically manage data ingestion and the delivery of mobile and web notifications, in-application/in-browser interstitial messages, and content cards, as well as can be integrated into a range of digital interfaces and application development frameworks; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; and partner cohort syncing, which allow brands to sync user cohorts from partners.
- Get a free copy of the StockNews.com research report on Braze (BRZE)
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