Insider Selling: Braze, Inc. (NASDAQ:BRZE) CFO Sells 4,500 Shares of Stock

Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles sold 4,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $40.93, for a total transaction of $184,185.00. Following the completion of the transaction, the chief financial officer now owns 258,681 shares in the company, valued at $10,587,813.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, April 11th, Isabelle Winkles sold 8,383 shares of Braze stock. The shares were sold at an average price of $42.80, for a total transaction of $358,792.40.
• 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 value of $315,672.39.

Braze Stock Performance

Shares of BRZE opened at $41.60 on Monday. The stock has a 50-day moving average of $47.11 and a two-hundred day moving average of $50.40. The stock has a market cap of $4.19 billion, a P/E ratio of -31.28 and a beta of 1.13. Braze, Inc. has a one year low of $26.11 and a one year high of $61.53.

Braze (NASDAQ:BRZE) last issued its quarterly earnings results on Wednesday, March 27th. The company reported ($0.29) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.02. Braze had a negative net margin of 27.44% and a negative return on equity of 28.24%. The company had revenue of $130.96 million for the quarter, compared to the consensus estimate of $124.55 million. Analysts predict that Braze, Inc. will post -1.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. RiverPark Advisors LLC lifted its holdings in shares of Braze by 360.9% in the 1st quarter. RiverPark Advisors LLC now owns 1,802 shares of the company’s stock valued at $80,000 after buying an additional 1,411 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Braze by 0.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 302,625 shares of the company’s stock worth $13,406,000 after purchasing an additional 984 shares during the period. Aubrey Capital Management Ltd acquired a new position in shares of Braze in the 1st quarter valued at $2,405,000. Strategic Blueprint LLC purchased a new stake in Braze during the first quarter worth $370,000. Finally, Diversified Trust Co increased its holdings in Braze by 28.1% in the first quarter. Diversified Trust Co now owns 20,728 shares of the company’s stock valued at $918,000 after buying an additional 4,551 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BRZE has been the subject of a number of research reports. Wells Fargo & Company lowered their price objective on shares of Braze from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. Oppenheimer reaffirmed an “outperform” rating and set a $75.00 target price on shares of Braze in a research report on Thursday, March 28th. TD Cowen decreased their price objective on Braze from $68.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. JPMorgan Chase & Co. cut their target price on Braze from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Thursday, March 28th. Finally, William Blair reaffirmed an “outperform” rating on shares of Braze in a research report on Thursday, March 28th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.12.

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.