Susan Wiseman Sells 14,000 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) General Counsel Susan Wiseman sold 14,000 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $45.52, for a total transaction of $637,280.00. Following the transaction, the general counsel now owns 199,520 shares in the company, valued at $9,082,150.40. The trade was a 6.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, December 18th, Susan Wiseman sold 41,210 shares of Braze stock. The stock was sold at an average price of $45.09, for a total transaction of $1,858,158.90.
• On Monday, December 16th, Susan Wiseman sold 2,790 shares of Braze stock. The stock was sold at an average price of $45.00, for a total transaction of $125,550.00.
• On Wednesday, November 20th, Susan Wiseman sold 3,557 shares of Braze stock. The stock was sold at an average price of $36.02, for a total transaction of $128,123.14.
• On Monday, November 18th, Susan Wiseman sold 3,853 shares of Braze stock. The shares were sold at an average price of $34.45, for a total transaction of $132,735.85.

Braze Stock Down 3.4 %

NASDAQ:BRZE opened at $42.63 on Friday. The company has a market cap of $4.41 billion, a P/E ratio of -37.39 and a beta of 1.11. Braze, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $61.53. The firm’s 50 day moving average is $40.04 and its two-hundred day moving average is $38.25.

Hedge Funds Weigh In On Braze

A number of large investors have recently bought and sold shares of BRZE. Quarry LP purchased a new position in Braze during the second quarter worth approximately $50,000. KBC Group NV raised its stake in shares of Braze by 41.5% in the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock valued at $68,000 after acquiring an additional 615 shares during the period. Amalgamated Bank raised its stake in shares of Braze by 18.9% in the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock valued at $73,000 after acquiring an additional 358 shares during the period. Evoke Wealth LLC purchased a new position in shares of Braze in the 2nd quarter valued at $215,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Braze in the 2nd quarter valued at $229,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BRZE shares. JPMorgan Chase & Co. lowered their price target on shares of Braze from $55.00 to $47.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. The Goldman Sachs Group lowered their price target on shares of Braze from $65.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. UBS Group lowered their price target on shares of Braze from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. DA Davidson lowered their price target on shares of Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. Finally, William Blair reiterated an “outperform” rating on shares of Braze in a research report on Thursday, December 19th. One analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, Braze presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.74.

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.