Susan Wiseman Sells 41,210 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

by · The Markets Daily

Braze, Inc. (NASDAQ:BRZE – Get Free Report) General Counsel Susan Wiseman sold 41,210 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $45.09, for a total transaction of $1,858,158.90. Following the transaction, the general counsel now directly owns 199,520 shares in the company, valued at $8,996,356.80. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Monday, December 16th, Susan Wiseman sold 2,790 shares of Braze stock. The shares were sold at an average price of $45.00, for a total value 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 value of $128,123.14.
  • On Monday, November 18th, Susan Wiseman sold 3,853 shares of Braze stock. The stock was sold at an average price of $34.45, for a total value of $132,735.85.

Braze Stock Performance

NASDAQ BRZE opened at $44.31 on Friday. Braze, Inc. has a 52 week low of $29.18 and a 52 week high of $61.53. The stock has a market capitalization of $4.55 billion, a P/E ratio of -38.87 and a beta of 1.15. The stock has a fifty day moving average of $36.25 and a 200-day moving average of $37.46.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BRZE. The Goldman Sachs Group decreased their target price on Braze from $65.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Piper Sandler upped their price target on shares of Braze from $40.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. JMP Securities reissued a “market outperform” rating and set a $68.00 target price on shares of Braze in a research note on Tuesday, September 24th. William Blair restated an “outperform” rating on shares of Braze in a research note on Thursday. Finally, Citigroup upped their target price on Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.74.

Get Our Latest Stock Analysis on Braze

Hedge Funds Weigh In On Braze

Several large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its position in Braze by 12.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 509,767 shares of the company’s stock valued at $16,486,000 after buying an additional 57,713 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Braze during the 2nd quarter worth $10,166,000. Victory Capital Management Inc. boosted its stake in shares of Braze by 5.0% in the third quarter. Victory Capital Management Inc. now owns 411,544 shares of the company’s stock valued at $13,309,000 after buying an additional 19,567 shares during the period. Mackenzie Financial Corp bought a new position in Braze in the 2nd quarter valued at about $971,000. Finally, Dynamic Technology Lab Private Ltd lifted its position in shares of Braze by 195.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 77,690 shares of the company’s stock worth $2,512,000 after buying an additional 51,411 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

About Braze

(Get Free Report)

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.

See Also