Brokerages Set Braze, Inc. (NASDAQ:BRZE) Price Target at $53.74

Braze, Inc. (NASDAQ:BRZE) has been given a consensus rating of “Moderate Buy” by the twenty ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $53.74.

Several brokerages recently issued reports on BRZE. The Goldman Sachs Group decreased their price target on shares of Braze from $65.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Macquarie lifted their target price on shares of Braze from $30.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, December 11th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target on shares of Braze in a research report on Monday, February 3rd. 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, JPMorgan Chase & Co. dropped their target price on Braze from $55.00 to $47.00 and set an “overweight” rating on the stock in a report on Friday, October 25th.

Insiders Place Their Bets

In other Braze news, General Counsel Susan Wiseman sold 10,000 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $47.22, for a total value of $472,200.00. Following the transaction, the general counsel now directly owns 189,520 shares in the company, valued at approximately $8,949,134.40. This trade represents a 5.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Pankaj Malik sold 3,700 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $45.77, for a total transaction of $169,349.00. Following the sale, the chief accounting officer now directly owns 54,784 shares of the company’s stock, valued at approximately $2,507,463.68. The trade was a 6.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 184,583 shares of company stock valued at $7,797,668. Company insiders own 24.03% of the company’s stock.

Institutional Trading of Braze

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. increased its stake in Braze by 3.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 10,828 shares of the company’s stock worth $453,000 after buying an additional 346 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Braze by 18.9% in 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 period. Creative Planning grew its position in shares of Braze by 1.7% during the second quarter. Creative Planning now owns 23,121 shares of the company’s stock worth $898,000 after purchasing an additional 384 shares in the last quarter. KBC Group NV raised its stake in Braze by 41.5% during the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock valued at $68,000 after purchasing an additional 615 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Braze by 8,436.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 939 shares of the company’s stock worth $39,000 after purchasing an additional 928 shares in the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Braze Trading Down 0.6 %

BRZE opened at $42.39 on Friday. The company has a market cap of $4.39 billion, a price-to-earnings ratio of -37.18 and a beta of 1.13. The stock has a fifty day simple moving average of $43.52 and a two-hundred day simple moving average of $39.01. Braze has a 12-month low of $29.18 and a 12-month 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.