Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman Sells 5,210 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) CTO Jonathan Hyman sold 5,210 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $40.82, for a total transaction of $212,672.20. Following the sale, the chief technology officer now owns 157,810 shares in the company, valued at $6,441,804.20. This trade represents a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Braze Stock Down 0.4 %

Shares of BRZE opened at $40.66 on Friday. The business’s 50 day moving average price is $43.46 and its 200-day moving average price is $39.02. Braze, Inc. has a 52 week low of $29.18 and a 52 week high of $59.12. The stock has a market cap of $4.21 billion, a P/E ratio of -35.67 and a beta of 1.13.

Institutional Trading of Braze

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Braze by 21.1% in the 4th quarter. Vanguard Group Inc. now owns 8,464,161 shares of the company’s stock worth $354,479,000 after acquiring an additional 1,476,423 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Braze by 2.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,693,357 shares of the company’s stock worth $112,798,000 after acquiring an additional 63,000 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Braze by 27.7% in the 4th quarter. JPMorgan Chase & Co. now owns 2,309,244 shares of the company’s stock worth $96,711,000 after acquiring an additional 500,667 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Braze by 121.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,197,407 shares of the company’s stock worth $92,028,000 after acquiring an additional 1,203,149 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Braze by 107.0% in the 4th quarter. Invesco Ltd. now owns 1,963,841 shares of the company’s stock worth $82,246,000 after acquiring an additional 1,015,007 shares during the last quarter. 90.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BRZE shares. Stifel Nicolaus boosted their price objective on shares of Braze from $37.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. William Blair reiterated an “outperform” rating on shares of Braze in a research note on Thursday, December 19th. The Goldman Sachs Group dropped their price target on shares of Braze from $65.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. DA Davidson reduced their target price on Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, December 10th. Finally, Oppenheimer restated an “outperform” rating and set a $51.00 price objective on shares of Braze in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.74.

About Braze

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.