Braze, Inc. (NASDAQ:BRZE) Director Matthew Jacobson Buys 37,234 Shares of Stock

Braze, Inc. (NASDAQ:BRZEGet Rating) Director Matthew Jacobson purchased 37,234 shares of Braze stock in a transaction dated Monday, September 19th. The stock was bought at an average price of $35.12 per share, for a total transaction of $1,307,658.08. Following the completion of the purchase, the director now owns 649,038 shares in the company, valued at approximately $22,794,214.56. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Matthew Jacobson also recently made the following trade(s):

  • On Friday, September 16th, Matthew Jacobson purchased 376,903 shares of Braze stock. The stock was bought at an average price of $35.00 per share, for a total transaction of $13,191,605.00.

Braze Trading Down 1.2 %

Shares of BRZE stock opened at $35.48 on Wednesday. The firm has a market capitalization of $3.34 billion and a PE ratio of -20.39. The firm has a fifty day simple moving average of $43.27 and a two-hundred day simple moving average of $39.63. Braze, Inc. has a 12 month low of $27.09 and a 12 month high of $98.78.

Braze (NASDAQ:BRZEGet Rating) last announced its quarterly earnings results on Monday, September 12th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.04. The business had revenue of $86.13 million during the quarter, compared to analyst estimates of $81.16 million. Braze had a negative net margin of 41.54% and a negative return on equity of 35.25%. The business’s revenue for the quarter was up 54.5% compared to the same quarter last year. On average, equities analysts predict that Braze, Inc. will post -1.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on BRZE. Canaccord Genuity Group cut their target price on shares of Braze from $60.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, June 14th. UBS Group began coverage on shares of Braze in a research report on Tuesday, July 12th. They set a “buy” rating and a $53.00 target price on the stock. Raymond James lifted their target price on shares of Braze from $40.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 13th. Cowen cut their target price on shares of Braze from $54.00 to $50.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 13th. Finally, Loop Capital cut their target price on shares of Braze from $75.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, June 15th. Sixteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, Braze has a consensus rating of “Buy” and a consensus price target of $54.00.

Hedge Funds Weigh In On Braze

A number of hedge funds have recently bought and sold shares of BRZE. Bank of Montreal Can purchased a new position in Braze during the 4th quarter worth $4,552,000. Ensign Peak Advisors Inc purchased a new position in Braze during the 4th quarter worth $1,410,000. Blair William & Co. IL purchased a new position in Braze during the 4th quarter worth $725,000. LMR Partners LLP purchased a new position in Braze during the 4th quarter worth $3,086,000. Finally, Alliancebernstein L.P. purchased a new position in Braze during the 4th quarter worth $68,082,000. 39.38% of the stock is owned by hedge funds and other institutional investors.

About Braze

(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.

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