Insider Selling: Braze, Inc. (NASDAQ:BRZE) CFO Sells 4,500 Shares of Stock

Braze, Inc. (NASDAQ:BRZEGet Free Report) CFO Isabelle Winkles sold 4,500 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $39.06, for a total value of $175,770.00. Following the completion of the transaction, the chief financial officer now directly owns 242,627 shares of the company’s stock, valued at approximately $9,477,010.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, May 20th, Isabelle Winkles sold 4,096 shares of Braze stock. The stock was sold at an average price of $42.68, for a total value of $174,817.28.
  • On Thursday, May 16th, Isabelle Winkles sold 8,205 shares of Braze stock. The shares were sold at an average price of $41.76, for a total transaction of $342,640.80.
  • On Wednesday, May 1st, Isabelle Winkles sold 4,500 shares of Braze stock. The shares were sold at an average price of $40.93, for a total transaction of $184,185.00.
  • On Thursday, April 11th, Isabelle Winkles sold 8,383 shares of Braze stock. The stock was sold at an average price of $42.80, for a total transaction of $358,792.40.

Braze Stock Performance

BRZE stock traded down $0.47 during midday trading on Monday, reaching $38.58. The company’s stock had a trading volume of 14,190 shares, compared to its average volume of 937,185. The stock has a fifty day simple moving average of $39.14 and a two-hundred day simple moving average of $46.97. Braze, Inc. has a 1 year low of $33.93 and a 1 year high of $61.53.

Braze (NASDAQ:BRZEGet Free Report) last issued its earnings results on Thursday, June 6th. The company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.01. Braze had a negative return on equity of 27.85% and a negative net margin of 25.06%. The business had revenue of $135.46 million during the quarter, compared to analyst estimates of $131.56 million. Analysts predict that Braze, Inc. will post -1.21 earnings per share for the current year.

Wall Street Analyst Weigh In

BRZE has been the topic of several research reports. Wells Fargo & Company reduced their target price on Braze from $75.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, April 29th. TD Cowen reduced their price target on shares of Braze from $65.00 to $52.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Oppenheimer reiterated an “outperform” rating and set a $60.00 price objective on shares of Braze in a research report on Wednesday, June 12th. DA Davidson restated a “buy” rating and issued a $65.00 target price on shares of Braze in a report on Monday, March 25th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $68.00 price target on shares of Braze in a report on Friday, June 7th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Braze has an average rating of “Moderate Buy” and an average price target of $60.88.

Read Our Latest Research Report on Braze

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Braze by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 5,894,938 shares of the company’s stock worth $261,146,000 after purchasing an additional 148,366 shares during the period. Morgan Stanley boosted its position 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 acquiring an additional 899,894 shares in the last quarter. Champlain Investment Partners LLC increased its holdings in shares of Braze by 6.6% in the 1st quarter. Champlain Investment Partners LLC now owns 2,084,805 shares of the company’s stock valued at $92,357,000 after acquiring an additional 128,645 shares during the period. 1832 Asset Management L.P. raised its position in shares of Braze by 537.4% in the 4th quarter. 1832 Asset Management L.P. now owns 1,527,100 shares of the company’s stock worth $81,135,000 after acquiring an additional 1,287,500 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Braze during the 4th quarter worth $37,584,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Braze Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Braze (NASDAQ:BRZE)

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