Braze, Inc. (NASDAQ:BRZE – Get Free Report) insider Myles Kleeger sold 10,000 shares of Braze stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $47.08, for a total transaction of $470,800.00. Following the sale, the insider now directly owns 184,918 shares of the company’s stock, valued at approximately $8,705,939.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Myles Kleeger also recently made the following trade(s):
- On Tuesday, September 12th, Myles Kleeger sold 10,000 shares of Braze stock. The stock was sold at an average price of $47.72, for a total transaction of $477,200.00.
- On Friday, September 8th, Myles Kleeger sold 50,000 shares of Braze stock. The stock was sold at an average price of $49.25, for a total transaction of $2,462,500.00.
- On Friday, August 18th, Myles Kleeger sold 8,357 shares of Braze stock. The stock was sold at an average price of $40.27, for a total transaction of $336,536.39.
- On Tuesday, August 15th, Myles Kleeger sold 10,000 shares of Braze stock. The shares were sold at an average price of $42.18, for a total transaction of $421,800.00.
Braze Price Performance
BRZE stock opened at $43.79 on Friday. The company has a 50 day simple moving average of $45.28 and a 200 day simple moving average of $39.81. Braze, Inc. has a 1 year low of $22.53 and a 1 year high of $50.13. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of -30.62 and a beta of 0.99.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of BRZE. BlackRock Inc. raised its holdings in Braze by 296.6% during the second quarter. BlackRock Inc. now owns 2,604,483 shares of the company’s stock worth $114,050,000 after buying an additional 1,947,831 shares during the last quarter. Morgan Stanley raised its holdings in Braze by 21.4% during the fourth quarter. Morgan Stanley now owns 4,992,683 shares of the company’s stock worth $136,200,000 after buying an additional 880,451 shares during the last quarter. Deutsche Bank AG raised its holdings in Braze by 12,400.1% during the first quarter. Deutsche Bank AG now owns 852,010 shares of the company’s stock worth $29,454,000 after buying an additional 845,194 shares during the last quarter. Vanguard Group Inc. raised its holdings in Braze by 27.4% during the third quarter. Vanguard Group Inc. now owns 3,078,339 shares of the company’s stock worth $107,219,000 after buying an additional 662,837 shares during the last quarter. Finally, State Street Corp raised its holdings in Braze by 196.0% during the second quarter. State Street Corp now owns 775,857 shares of the company’s stock worth $33,975,000 after buying an additional 513,740 shares during the last quarter. Institutional investors and hedge funds own 49.47% of the company’s stock.
Analysts Set New Price Targets
BRZE has been the subject of a number of recent research reports. BTIG Research boosted their price objective on shares of Braze from $50.00 to $54.00 and gave the company a “buy” rating in a report on Friday, September 8th. UBS Group boosted their price objective on shares of Braze from $44.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, September 8th. Piper Sandler boosted their price objective on shares of Braze from $45.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, September 8th. The Goldman Sachs Group boosted their target price on shares of Braze from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, September 8th. Finally, Citigroup assumed coverage on shares of Braze in a research report on Tuesday, September 5th. They issued a “buy” rating and a $60.00 target price for the company. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Braze has a consensus rating of “Moderate Buy” and a consensus target price of $53.47.
Check Out Our Latest Stock Report on Braze
Braze Company Profile
Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers data ingestion products, such as 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 cohort syncing, which allow brands to sync user cohorts from partners; and Braze Cloud Data Ingestion that enables brands to harness their customer data.
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