Phillip M. Fernandez Sells 1,500 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) Director Phillip M. Fernandez sold 1,500 shares of Braze stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $41.79, for a total value of $62,685.00. Following the transaction, the director now directly owns 11,056 shares of the company’s stock, valued at approximately $462,030.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Braze Price Performance

NASDAQ:BRZE opened at $39.25 on Friday. The business has a 50 day moving average of $50.80 and a 200 day moving average of $50.76. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of -29.51 and a beta of 1.13. Braze, Inc. has a 1-year low of $25.76 and a 1-year high of $61.53.

Analysts Set New Price Targets

BRZE has been the subject of a number of recent analyst reports. Canaccord Genuity Group reduced their target price on Braze from $70.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Scotiabank dropped their price target on Braze from $65.00 to $58.00 and set a “sector perform” rating for the company in a research report on Thursday, March 28th. UBS Group upgraded Braze from a “neutral” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Thursday, March 21st. DA Davidson reiterated a “buy” rating and set a $65.00 price target on shares of Braze in a research report on Monday, March 25th. Finally, JPMorgan Chase & Co. dropped their price target on Braze from $60.00 to $58.00 and set an “overweight” rating for the company in a research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.29.

Institutional Trading of Braze

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in Braze by 0.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 302,625 shares of the company’s stock worth $13,406,000 after purchasing an additional 984 shares during the period. Diversified Trust Co increased its stake in Braze by 28.1% in the 1st quarter. Diversified Trust Co now owns 20,728 shares of the company’s stock worth $918,000 after purchasing an additional 4,551 shares during the period. Harbour Capital Advisors LLC increased its stake in Braze by 10.2% in the 1st quarter. Harbour Capital Advisors LLC now owns 12,980 shares of the company’s stock worth $561,000 after purchasing an additional 1,205 shares during the period. Renaissance Capital LLC increased its stake in Braze by 5.1% in the 1st quarter. Renaissance Capital LLC now owns 34,885 shares of the company’s stock worth $1,545,000 after purchasing an additional 1,696 shares during the period. Finally, Vanguard Group Inc. increased its stake in Braze by 9.1% in the 4th quarter. Vanguard Group Inc. now owns 5,746,572 shares of the company’s stock worth $305,315,000 after purchasing an additional 480,179 shares during the period. Institutional investors own 90.47% 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 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.