Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles Sells 8,383 Shares

Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles sold 8,383 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $42.80, for a total transaction of $358,792.40. Following the completion of the transaction, the chief financial officer now owns 278,681 shares of the company’s stock, valued at approximately $11,927,546.80. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Isabelle Winkles also recently made the following trade(s):

• On Friday, February 16th, Isabelle Winkles sold 5,489 shares of Braze stock. The shares were sold at an average price of $57.51, for a total transaction of $315,672.39.

Braze Trading Down 3.4 %

Shares of NASDAQ BRZE opened at $40.43 on Tuesday. The firm has a market capitalization of $4.08 billion, a PE ratio of -30.40 and a beta of 1.14. Braze, Inc. has a 1 year low of $25.76 and a 1 year high of $61.53. The firm’s 50-day moving average is $51.83 and its 200-day moving average is $50.97.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. DA Davidson restated a “buy” rating and issued a $65.00 price objective on shares of Braze in a research note on Monday, March 25th. Canaccord Genuity Group dropped their price objective on shares of Braze from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Piper Sandler restated an “overweight” rating and issued a $66.00 price objective on shares of Braze in a research note on Friday, April 5th. Raymond James dropped their target price on shares of Braze from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday, March 28th. Finally, Oppenheimer reissued an “outperform” rating and set a $75.00 price objective on shares of Braze in a report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $64.29.

Institutional Trading of Braze

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Braze by 9.1% in the 4th quarter. Vanguard Group Inc. now owns 5,746,572 shares of the company’s stock valued at $305,315,000 after acquiring an additional 480,179 shares during the period. Morgan Stanley raised its position in shares of Braze by 20.1% in the 3rd quarter. Morgan Stanley now owns 5,387,736 shares of the company’s stock valued at $251,769,000 after acquiring an additional 899,894 shares during the period. BlackRock Inc. raised its position in shares of Braze by 296.6% in the 2nd quarter. BlackRock Inc. now owns 2,604,483 shares of the company’s stock valued at $114,050,000 after acquiring an additional 1,947,831 shares during the period. Alliancebernstein L.P. raised its position in shares of Braze by 12.5% in the 2nd quarter. Alliancebernstein L.P. now owns 2,376,204 shares of the company’s stock valued at $104,054,000 after acquiring an additional 263,250 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Braze by 62.6% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,090,100 shares of the company’s stock valued at $111,047,000 after acquiring an additional 805,000 shares during the period. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Braze Company Profile

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers data ingestion products, such as 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 cohort syncing, which allow brands to sync user cohorts from partners; and Braze Cloud Data Ingestion that enables brands to harness their customer data.