Braze, Inc. (NASDAQ:BRZE) CFO Sells $358,792.40 in Stock

Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles sold 8,383 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $42.80, for a total transaction of $358,792.40. Following the sale, the chief financial officer now directly owns 278,681 shares of the company’s stock, valued at approximately $11,927,546.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Friday, February 16th, Isabelle Winkles sold 5,489 shares of Braze stock. The shares were sold at an average price of $57.51, for a total transaction of $315,672.39.

Braze Trading Down 3.4 %

Shares of NASDAQ:BRZE opened at $40.43 on Tuesday. The stock’s fifty day simple moving average is $51.83 and its two-hundred day simple moving average is $50.97. Braze, Inc. has a 1-year low of $25.76 and a 1-year high of $61.53. The stock has a market cap of $4.08 billion, a PE ratio of -30.40 and a beta of 1.14.

Analyst Upgrades and Downgrades

BRZE has been the subject of several recent analyst reports. Scotiabank reduced their price objective on shares of Braze from $65.00 to $58.00 and set a “sector perform” rating for the company in a research report on Thursday, March 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price objective on shares of Braze in a research report on Thursday, March 28th. Canaccord Genuity Group reduced their price objective on shares of Braze from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. UBS Group raised shares of Braze from a “neutral” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Thursday, March 21st. Finally, Oppenheimer reiterated an “outperform” rating and issued a $75.00 target price on shares of Braze in a report on Thursday, March 28th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.29.

Hedge Funds Weigh In On Braze

Large investors have recently bought and sold shares of the stock. Fred Alger Management LLC bought a new position in Braze during the 3rd quarter valued at $29,000. BluePath Capital Management LLC bought a new stake in shares of Braze during the 3rd quarter worth $31,000. Neo Ivy Capital Management bought a new stake in shares of Braze during the 4th quarter worth $40,000. Royal Bank of Canada raised its stake in shares of Braze by 189.3% during the 3rd quarter. Royal Bank of Canada now owns 1,160 shares of the company’s stock worth $40,000 after purchasing an additional 759 shares during the period. Finally, Canton Hathaway LLC bought a new stake in shares of Braze during the 4th quarter worth $42,000. 90.47% of the stock is currently owned by institutional investors.

About Braze

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.