Braze, Inc. (NASDAQ:BRZE) Insider Myles Kleeger Sells 8,365 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) insider Myles Kleeger sold 8,365 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $40.12, for a total value of $335,603.80. Following the transaction, the insider now directly owns 168,882 shares of the company’s stock, valued at $6,775,545.84. The trade was a 4.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Myles Kleeger also recently made the following trade(s):

• On Tuesday, February 18th, Myles Kleeger sold 7,149 shares of Braze stock. The stock was sold at an average price of $40.82, for a total value of $291,822.18.
• On Monday, January 6th, Myles Kleeger sold 10,000 shares of Braze stock. The stock was sold at an average price of $45.43, for a total value of $454,300.00.
• On Wednesday, December 18th, Myles Kleeger sold 37,900 shares of Braze stock. The stock was sold at an average price of $45.11, for a total value of $1,709,669.00.
• On Monday, December 16th, Myles Kleeger sold 2,100 shares of Braze stock. The stock was sold at an average price of $45.00, for a total value of $94,500.00.

Braze Stock Down 0.4 %

BRZE opened at $40.66 on Friday. The business has a 50 day moving average price of $43.46 and a two-hundred day moving average price of $39.02. The company has a market cap of $4.21 billion, a PE ratio of -35.67 and a beta of 1.13. Braze, Inc. has a 52 week low of $29.18 and a 52 week high of $59.12.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BRZE. Stifel Nicolaus upped their price objective on Braze from $37.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Piper Sandler upped their price objective on Braze from $40.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group lowered their price objective on Braze from $65.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. JPMorgan Chase & Co. decreased their target price on Braze from $55.00 to $47.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, William Blair reissued an “outperform” rating on shares of Braze in a research report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $53.74.

Institutional Trading of Braze

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its stake in Braze by 12.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 509,767 shares of the company’s stock valued at $16,486,000 after acquiring an additional 57,713 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its stake in Braze by 195.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 77,690 shares of the company’s stock valued at $2,512,000 after acquiring an additional 51,411 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Braze by 5.0% during the 3rd quarter. Victory Capital Management Inc. now owns 411,544 shares of the company’s stock worth $13,309,000 after buying an additional 19,567 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Braze during the 3rd quarter worth approximately $673,000. Finally, Holocene Advisors LP raised its stake in shares of Braze by 52.7% during the 3rd quarter. Holocene Advisors LP now owns 84,383 shares of the company’s stock worth $2,729,000 after buying an additional 29,123 shares in the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

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.