Braze, Inc. (NASDAQ:BRZE – Get Free Report) CEO William Magnuson sold 11,576 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $48.21, for a total transaction of $558,078.96. Following the sale, the chief executive officer now directly owns 466,933 shares of the company’s stock, valued at $22,510,839.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Braze Stock Performance
Shares of Braze stock opened at $51.09 on Tuesday. The firm has a market cap of $5.05 billion, a PE ratio of -35.73 and a beta of 1.01. The firm’s 50-day simple moving average is $45.90 and its 200-day simple moving average is $41.95. Braze, Inc. has a 1 year low of $23.10 and a 1 year high of $51.48.
Braze (NASDAQ:BRZE – Get Free Report) last issued its earnings results on Thursday, September 7th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.09. The business had revenue of $115.11 million for the quarter, compared to analyst estimates of $108.47 million. Braze had a negative net margin of 33.51% and a negative return on equity of 29.85%. On average, equities analysts predict that Braze, Inc. will post -1.39 earnings per share for the current year.
Institutional Investors Weigh In On Braze
Analysts Set New Price Targets
BRZE has been the subject of several research reports. BTIG Research boosted their price objective on shares of Braze from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, September 8th. Wells Fargo & Company lifted their target price on shares of Braze from $43.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, September 5th. Piper Sandler lifted their target price on shares of Braze from $45.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, September 8th. Needham & Company LLC restated a “buy” rating and set a $60.00 target price on shares of Braze in a report on Wednesday, October 18th. Finally, Scotiabank lifted their target price on shares of Braze from $46.00 to $55.00 and gave the company a “sector perform” rating in a report on Friday, September 8th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $53.74.
Braze Company Profile
Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers data ingestion products, such as 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 cohort syncing, which allow brands to sync user cohorts from partners; and Braze Cloud Data Ingestion that enables brands to harness their customer data.
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