Braze (NASDAQ:BRZE) General Counsel Susan Wiseman Sells 35,000 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 35,000 shares of the firm’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $20.29, for a total transaction of $710,150.00. Following the completion of the transaction, the general counsel directly owned 209,424 shares of the company’s stock, valued at $4,249,212.96. This represents a 14.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Susan Wiseman also recently made the following trade(s):

• On Thursday, February 19th, Susan Wiseman sold 4,167 shares of Braze stock. The stock was sold at an average price of $17.03, for a total transaction of $70,964.01.
• On Wednesday, February 18th, Susan Wiseman sold 5,763 shares of Braze stock. The stock was sold at an average price of $16.93, for a total transaction of $97,567.59.

Braze Price Performance

Shares of BRZE stock opened at $20.61 on Tuesday. The company has a fifty day moving average price of $19.52 and a two-hundred day moving average price of $25.67. Braze, Inc. has a one year low of $15.26 and a one year high of $37.67. The stock has a market cap of $2.34 billion, a P/E ratio of -16.89 and a beta of 0.89.

Braze (NASDAQ:BRZE) last released its quarterly earnings data on Tuesday, March 24th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.04). Braze had a negative return on equity of 18.75% and a negative net margin of 17.78%.The firm had revenue of $205.17 million for the quarter, compared to analyst estimates of $198.23 million. During the same quarter in the prior year, the firm earned $0.12 earnings per share. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. As a group, equities research analysts anticipate that Braze, Inc. will post -0.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Braze

Several institutional investors and hedge funds have recently made changes to their positions in BRZE. Arizona State Retirement System increased its stake in shares of Braze by 1.7% during the third quarter. Arizona State Retirement System now owns 21,749 shares of the company’s stock worth $619,000 after purchasing an additional 363 shares during the period. SBI Securities Co. Ltd. grew its holdings in Braze by 34.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,843 shares of the company’s stock valued at $52,000 after buying an additional 471 shares in the last quarter. Clearstead Advisors LLC grew its holdings in Braze by 58.2% in the 3rd quarter. Clearstead Advisors LLC now owns 1,685 shares of the company’s stock valued at $48,000 after buying an additional 620 shares in the last quarter. Rhumbline Advisers increased its position in Braze by 0.6% during the 3rd quarter. Rhumbline Advisers now owns 112,638 shares of the company’s stock worth $3,203,000 after buying an additional 638 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in Braze by 7.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 11,080 shares of the company’s stock worth $315,000 after buying an additional 746 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

Analysts Set New Price Targets

BRZE has been the subject of a number of recent analyst reports. Stifel Nicolaus cut their price objective on Braze from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Barclays boosted their target price on Braze from $29.00 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. Piper Sandler dropped their price target on Braze from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 25th. Citizens Jmp cut their price target on Braze from $68.00 to $35.00 and set a “market outperform” rating for the company in a report on Wednesday, March 25th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $38.00 price objective on shares of Braze in a research report on Wednesday, March 25th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.67.

About Braze

Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.

The core functionality of Braze’s platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.