Fernando Machado Sells 2,361 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) Director Fernando Machado sold 2,361 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $42.46, for a total transaction of $100,248.06. Following the completion of the transaction, the director now owns 6,101 shares in the company, valued at approximately $259,048.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Braze Price Performance

NASDAQ:BRZE opened at $39.25 on Friday. The firm has a 50-day moving average of $50.80 and a 200-day moving average of $50.76. The company has a market cap of $3.96 billion, a PE ratio of -29.51 and a beta of 1.13. Braze, Inc. has a one year low of $25.76 and a one year high of $61.53.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BRZE shares. Piper Sandler restated an “overweight” rating and issued a $66.00 target price on shares of Braze in a report on Friday, April 5th. Scotiabank dropped their target price on shares of Braze from $65.00 to $58.00 and set a “sector perform” rating on the stock in a report on Thursday, March 28th. Needham & Company LLC restated a “buy” rating and issued a $70.00 target price on shares of Braze in a report on Thursday, March 28th. UBS Group upgraded shares of Braze from a “neutral” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Thursday, March 21st. Finally, Raymond James dropped their target price on shares of Braze from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, March 28th. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.29.

Institutional Investors Weigh In On Braze

Several hedge funds and other institutional investors have recently made changes to their positions in BRZE. BlackRock Inc. increased its position in shares of Braze by 296.6% during the second quarter. BlackRock Inc. now owns 2,604,483 shares of the company’s stock worth $114,050,000 after acquiring an additional 1,947,831 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of Braze by 537.4% during the fourth 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. Morgan Stanley increased its position in shares of Braze by 20.1% during the third quarter. Morgan Stanley now owns 5,387,736 shares of the company’s stock worth $251,769,000 after acquiring an additional 899,894 shares in the last quarter. Deutsche Bank AG increased its position in shares of Braze by 12,400.1% during the first quarter. Deutsche Bank AG now owns 852,010 shares of the company’s stock worth $29,454,000 after acquiring an additional 845,194 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Braze by 180.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,285,100 shares of the company’s stock worth $60,053,000 after acquiring an additional 826,100 shares in the last quarter. 90.47% of the stock is owned by institutional investors.

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.