Braze, Inc. (NASDAQ:BRZE) CFO Sells $144,540.00 in Stock

Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles sold 4,500 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $32.12, for a total transaction of $144,540.00. Following the sale, the chief financial officer now directly owns 216,208 shares of the company’s stock, valued at approximately $6,944,600.96. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Tuesday, September 3rd, Isabelle Winkles sold 4,500 shares of Braze stock. The shares were sold at an average price of $43.41, for a total value of $195,345.00.
• On Monday, August 26th, Isabelle Winkles sold 10,000 shares of Braze stock. The shares were sold at an average price of $45.15, for a total value of $451,500.00.
• On Monday, August 19th, Isabelle Winkles sold 4,091 shares of Braze stock. The stock was sold at an average price of $43.28, for a total value of $177,058.48.
• On Friday, August 16th, Isabelle Winkles sold 8,207 shares of Braze stock. The stock was sold at an average price of $41.37, for a total transaction of $339,523.59.
• On Thursday, August 1st, Isabelle Winkles sold 4,500 shares of Braze stock. The shares were sold at an average price of $42.18, for a total transaction of $189,810.00.

Braze Stock Down 4.2 %

NASDAQ BRZE traded down $1.34 on Thursday, hitting $30.58. 1,388,100 shares of the stock were exchanged, compared to its average volume of 1,007,039. Braze, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $61.53. The company has a 50-day moving average price of $39.30 and a 200-day moving average price of $40.33. The company has a market cap of $3.11 billion, a PE ratio of -23.97 and a beta of 1.07.

Braze (NASDAQ:BRZE) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.12. The company had revenue of $145.50 million for the quarter, compared to analysts’ expectations of $141.32 million. Braze had a negative return on equity of 25.89% and a negative net margin of 22.01%. Braze’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period last year, the firm earned ($0.30) earnings per share. As a group, equities research analysts predict that Braze, Inc. will post -1.02 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on BRZE. Oppenheimer reduced their price target on shares of Braze from $60.00 to $51.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 24th. Needham & Company LLC reiterated a “buy” rating and set a $70.00 price target on shares of Braze in a report on Tuesday, September 24th. Barclays reduced their price objective on shares of Braze from $80.00 to $70.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Piper Sandler reaffirmed an “overweight” rating and set a $51.00 target price on shares of Braze in a research note on Friday, September 6th. Finally, Citigroup boosted their price target on shares of Braze from $52.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Eighteen research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $59.18.

Hedge Funds Weigh In On Braze

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRZE. US Bancorp DE lifted its position in Braze by 2,518.1% in the fourth quarter. US Bancorp DE now owns 11,729 shares of the company’s stock valued at $623,000 after acquiring an additional 11,281 shares during the last quarter. Orion Portfolio Solutions LLC acquired a new stake in shares of Braze in the 4th quarter valued at about $759,000. 1832 Asset Management L.P. grew its stake in Braze by 537.4% during the 4th quarter. 1832 Asset Management L.P. now owns 1,527,100 shares of the company’s stock worth $81,135,000 after buying an additional 1,287,500 shares during the last quarter. CenterBook Partners LP acquired a new position in Braze during the fourth quarter worth approximately $453,000. Finally, Seven Eight Capital LP lifted its stake in Braze by 251.4% in the fourth quarter. Seven Eight Capital LP now owns 21,297 shares of the company’s stock valued at $1,132,000 after buying an additional 15,237 shares during the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.

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.