Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles Sells 5,292 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles sold 5,292 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $48.21, for a total transaction of $255,127.32. Following the sale, the chief financial officer now owns 208,250 shares of the company’s stock, valued at approximately $10,039,732.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Isabelle Winkles also recently made the following trade(s):

• On Wednesday, November 1st, Isabelle Winkles sold 5,000 shares of Braze stock. The shares were sold at an average price of $42.29, for a total value of $211,450.00.
• On Monday, October 2nd, Isabelle Winkles sold 5,000 shares of Braze stock. The shares were sold at an average price of $46.88, for a total value of $234,400.00.
• On Friday, September 1st, Isabelle Winkles sold 5,000 shares of Braze stock. The stock was sold at an average price of $47.09, for a total value of $235,450.00.

Braze Stock Up 2.1 %

BRZE stock opened at $51.09 on Tuesday. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of -35.73 and a beta of 1.01. Braze, Inc. has a 52-week low of $23.10 and a 52-week high of $51.48. The stock’s fifty day simple moving average is $45.90 and its 200-day simple moving average is $41.95.

Braze (NASDAQ:BRZE) last issued its quarterly earnings results on Thursday, September 7th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.09. Braze had a negative return on equity of 29.85% and a negative net margin of 33.51%. The firm had revenue of $115.11 million for the quarter, compared to analyst estimates of $108.47 million. As a group, analysts anticipate that Braze, Inc. will post -1.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on BRZE shares. The Goldman Sachs Group upped their price objective on shares of Braze from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. DA Davidson raised shares of Braze from a “neutral” rating to a “buy” rating and increased their price target for the stock from $48.00 to $53.00 in a report on Tuesday, October 24th. Wells Fargo & Company lifted their price objective on Braze from $43.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, September 5th. Canaccord Genuity Group increased their target price on Braze from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, September 8th. Finally, Raymond James upped their price objective on Braze from $44.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Braze presently has an average rating of “Moderate Buy” and an average target price of $53.74.

Hedge Funds Weigh In On Braze

A number of large investors have recently bought and sold shares of BRZE. Parallel Advisors LLC increased its holdings in shares of Braze by 19.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,575 shares of the company’s stock worth $69,000 after buying an additional 260 shares during the last quarter. HighTower Advisors LLC grew its position in Braze by 6.6% during the third quarter. HighTower Advisors LLC now owns 5,434 shares of the company’s stock valued at $256,000 after acquiring an additional 335 shares during the period. Legal & General Group Plc raised its holdings in shares of Braze by 4.3% in the 4th quarter. Legal & General Group Plc now owns 8,303 shares of the company’s stock worth $227,000 after purchasing an additional 340 shares during the period. Ieq Capital LLC lifted its stake in shares of Braze by 7.0% in the 2nd quarter. Ieq Capital LLC now owns 7,915 shares of the company’s stock valued at $347,000 after purchasing an additional 518 shares in the last quarter. Finally, Arizona State Retirement System grew 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 worth $552,000 after purchasing an additional 524 shares during the period. Hedge funds and other institutional investors own 49.47% of the company’s stock.

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.