Braze, Inc. (NASDAQ:BRZE – Get Free Report) CTO Jonathan Hyman sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $42.44, for a total transaction of $42,440.00. Following the transaction, the chief technology officer now directly owns 183,258 shares of the company’s stock, valued at approximately $7,777,469.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Jonathan Hyman also recently made the following trade(s):
- On Friday, February 16th, Jonathan Hyman sold 3,730 shares of Braze stock. The shares were sold at an average price of $57.51, for a total transaction of $214,512.30.
Braze Price Performance
Shares of Braze stock opened at $42.08 on Wednesday. Braze, Inc. has a 1-year low of $27.98 and a 1-year high of $61.53. The business has a 50-day moving average of $46.48 and a 200-day moving average of $50.37. The company has a market capitalization of $4.24 billion, a PE ratio of -31.64 and a beta of 1.13.
Institutional Investors Weigh In On Braze
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fred Alger Management LLC bought a new stake in Braze in the third quarter valued at about $29,000. BluePath Capital Management LLC bought a new stake in shares of Braze in the 3rd quarter valued at approximately $31,000. Neo Ivy Capital Management acquired a new stake in shares of Braze during the 4th quarter valued at approximately $40,000. Canton Hathaway LLC bought a new position in Braze during the fourth quarter worth $42,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in Braze in the third quarter worth $61,000. Institutional investors own 90.47% of the company’s stock.
Wall Street Analyst Weigh In
BRZE has been the topic of a number of research analyst reports. UBS Group upgraded Braze from a “neutral” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Thursday, March 21st. Wells Fargo & Company reduced their price objective on Braze from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, April 29th. Scotiabank decreased their target price on Braze from $65.00 to $58.00 and set a “sector perform” rating for the company in a report on Thursday, March 28th. Needham & Company LLC restated a “buy” rating and issued a $70.00 price target on shares of Braze in a report on Thursday, March 28th. Finally, Canaccord Genuity Group decreased their price objective on shares of Braze from $65.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.12.
Read Our Latest Analysis on BRZE
Braze Company Profile
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.
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