Braze, Inc. (NASDAQ:BRZE) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Braze, Inc. (NASDAQ:BRZE) have received a consensus recommendation of “Moderate Buy” from the twenty analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and nineteen have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $53.74.

A number of equities analysts have weighed in on the company. Macquarie boosted their price objective on Braze from $30.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 11th. William Blair reiterated an “outperform” rating on shares of Braze in a report on Thursday. TD Cowen dropped their price objective on shares of Braze from $52.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Stifel Nicolaus raised their price objective on shares of Braze from $37.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price (down from $70.00) on shares of Braze in a report on Tuesday, December 10th.

Insider Buying and Selling

In related news, insider Myles Kleeger sold 37,900 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $45.11, for a total transaction of $1,709,669.00. Following the sale, the insider now directly owns 184,396 shares of the company’s stock, valued at $8,318,103.56. This represents a 17.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Isabelle Winkles sold 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $32.12, for a total transaction of $144,540.00. Following the completion of the transaction, the chief financial officer now directly owns 216,208 shares of the company’s stock, valued at $6,944,600.96. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 208,090 shares of company stock valued at $7,906,833. Corporate insiders own 24.03% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its holdings in Braze by 12.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 509,767 shares of the company’s stock worth $16,486,000 after acquiring an additional 57,713 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Braze during the 2nd quarter worth $10,166,000. Victory Capital Management Inc. grew its stake in shares of Braze by 5.0% during the third quarter. Victory Capital Management Inc. now owns 411,544 shares of the company’s stock worth $13,309,000 after purchasing an additional 19,567 shares in the last quarter. Mackenzie Financial Corp purchased a new position in Braze in the second quarter valued at $971,000. Finally, Dynamic Technology Lab Private Ltd raised its stake in Braze by 195.6% in the third quarter. Dynamic Technology Lab Private Ltd now owns 77,690 shares of the company’s stock valued at $2,512,000 after buying an additional 51,411 shares in the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.

Braze Price Performance

BRZE opened at $44.31 on Friday. The company’s 50 day simple moving average is $36.25 and its two-hundred day simple moving average is $37.46. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of -38.87 and a beta of 1.15. Braze has a 1-year low of $29.18 and a 1-year high of $61.53.

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.