Braze, Inc. (NASDAQ:BRZE) CAO Sells $169,349.00 in Stock

Braze, Inc. (NASDAQ:BRZE) CAO Pankaj Malik sold 3,700 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $45.77, for a total transaction of $169,349.00. Following the sale, the chief accounting officer now owns 54,784 shares of the company’s stock, valued at approximately $2,507,463.68. This represents a 6.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Pankaj Malik also recently made the following trade(s):

• On Monday, December 16th, Pankaj Malik sold 4,656 shares of Braze stock. The shares were sold at an average price of $43.65, for a total value of $203,234.40.
• On Friday, December 13th, Pankaj Malik sold 3,955 shares of Braze stock. The shares were sold at an average price of $41.41, for a total value of $163,776.55.
• On Monday, November 18th, Pankaj Malik sold 3,432 shares of Braze stock. The shares were sold at an average price of $34.45, for a total transaction of $118,232.40.

Braze Trading Down 1.0 %

NASDAQ BRZE opened at $44.15 on Friday. The company’s 50 day moving average is $40.04 and its two-hundred day moving average is $38.25. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of -38.73 and a beta of 1.11. Braze, Inc. has a 12 month low of $29.18 and a 12 month high of $61.53.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group dropped their target price on shares of Braze from $65.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Loop Capital reiterated a “buy” rating and set a $75.00 target price on shares of Braze in a report on Tuesday, September 24th. TD Cowen reduced their target price on shares of Braze from $52.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Citigroup raised their price objective on Braze from $47.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company dropped their target price on shares of Braze from $65.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. One analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $53.74.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quarry LP purchased a new position in Braze in the 2nd quarter worth approximately $50,000. KBC Group NV lifted its holdings in shares of Braze by 41.5% in the third quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after buying an additional 615 shares in the last quarter. Amalgamated Bank boosted its position in shares of Braze by 18.9% during the third quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after acquiring an additional 358 shares during the last quarter. Evoke Wealth LLC purchased a new position in Braze during the second quarter valued at $215,000. Finally, Canada Pension Plan Investment Board bought a new stake in Braze in the 2nd quarter valued at $229,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

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.