Braze, Inc. (NASDAQ:BRZE – Get Rating) insider Myles Kleeger sold 10,000 shares of Braze in a trade on Thursday, June 16. The stock was sold at an average price of $32.58, for a total transaction of $325,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink.
Shares of NASDAQ:BRZE traded at $1.11 during Tuesday’s trading, hitting $34.29. The company had a trading volume of 1,443,304 shares, against an average volume of 680,226. The company’s fifty-day moving average is $36.33 and its 200-day moving average is 47.44 $. Braze, Inc. has a 12-month low of $27.09 and a 12-month high of $98.78.
Braze (NASDAQ:BRZE – Get Rating) last released its quarterly results on Monday, June 13. The company reported ($0.19) earnings per share for the quarter, beating analyst consensus estimates of ($0.21) by $0.02. Equity research analysts expect Braze, Inc. to post -1.5 EPS for the current year.
A number of hedge funds have recently increased or reduced their holdings in BRZE. Bank of America Corp DE increased its holdings of Braze stock by 50,225.0% in the first quarter. Bank of America Corp DE now owns 2,013 shares of the company valued at $83,000 after acquiring 2,009 additional shares during the period. WINTON GROUP Ltd acquired a new equity stake in Braze during the fourth quarter valued at approximately $206,000. Renaissance Capital LLC acquired a new equity stake in Braze during the fourth quarter valued at approximately $277,000. Malaga Cove Capital LLC acquired a new equity stake in Braze during the first quarter valued at approximately $309,000. Finally, Millennium Management LLC acquired a new equity stake in Braze during the fourth quarter valued at approximately $324,000. 23.64% of the shares are held by institutional investors and hedge funds.
Several analysts have weighed in on BRZE shares. Loop Capital lowered its price target on Braze shares from $75.00 to $50.00 and set a “buy” rating for the company in a Wednesday, June 15 research note. Barclays lowered its price target on Braze shares from $75.00 to $50.00 and set an “overweight” rating for the company in a Wednesday June 15 research note. Canaccord Genuity Group lowered its target price on Braze shares from $60.00 to $47.00 and set a “buy” rating for the company in a Tuesday, June 14 research note. Cowen cut his price target on Braze shares from $72.00 to $60.00 and set an “outperform” rating for the company in a Tuesday, June 14 report. Finally, Piper Sandler cut her price target on Braze shares from $65.00 to $42.00 and set an “overweight” rating for the company in a Tuesday, June 14 report. Fifteen investment analysts have rated the stock with a buy rating. Based on data from MarketBeat, the company currently has a consensus Buy rating and a consensus target price of $53.64.
Braze Company Profile (Get an assessment)
Braze, Inc operates a customer engagement platform that enables interactions between consumers and brands around the world. It offers data ingestion products, such as Braze SDKs that automatically handle data ingestion and delivery of mobile and web notifications, in-app/in-browser interstitial messages, and content, and can also be integrated into a range of digital interfaces and application development frameworks; REST API that can be used to import or export data or to trigger workflows between Braze and brands’ existing technology stacks; and Partner Cohort Sync, which allows brands to sync partner user cohorts.
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