Braze, Inc. (NASDAQ:BRZE) Director Sells $100,248.06 in Stock

Braze, Inc. (NASDAQ:BRZE) Director Fernando Machado sold 2,361 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $42.46, for a total transaction of $100,248.06. Following the completion of the sale, the director now directly owns 6,101 shares in the company, valued at approximately $259,048.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Braze Price Performance

Shares of NASDAQ BRZE opened at $39.25 on Friday. 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 $3.96 billion, a P/E ratio of -29.51 and a beta of 1.13. The firm has a 50-day moving average of $50.80 and a 200 day moving average of $50.76.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BRZE. Piper Sandler reissued an “overweight” rating and issued a $66.00 price target on shares of Braze in a report on Friday, April 5th. TD Cowen dropped their target price on shares of Braze from $68.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Raymond James dropped their target price on shares of Braze from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday, March 28th. JPMorgan Chase & Co. dropped their target price on shares of Braze from $60.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, March 28th. Finally, William Blair reaffirmed an “outperform” rating on shares of Braze in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Braze has a consensus rating of “Moderate Buy” and a consensus target price of $64.29.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Braze by 9.1% during the 4th quarter. Vanguard Group Inc. now owns 5,746,572 shares of the company’s stock valued at $305,315,000 after purchasing an additional 480,179 shares in the last quarter. Morgan Stanley increased its stake in Braze by 20.1% during the 3rd quarter. Morgan Stanley now owns 5,387,736 shares of the company’s stock valued at $251,769,000 after purchasing an additional 899,894 shares in the last quarter. BlackRock Inc. increased its stake in Braze by 296.6% during the 2nd quarter. BlackRock Inc. now owns 2,604,483 shares of the company’s stock valued at $114,050,000 after purchasing an additional 1,947,831 shares in the last quarter. Alliancebernstein L.P. increased its stake in Braze by 12.5% during the 2nd quarter. Alliancebernstein L.P. now owns 2,376,204 shares of the company’s stock valued at $104,054,000 after purchasing an additional 263,250 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in Braze by 62.6% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,090,100 shares of the company’s stock valued at $111,047,000 after purchasing an additional 805,000 shares in the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

About Braze

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers 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 Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data.