Pankaj Malik Sells 3,700 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) CAO Pankaj Malik sold 3,700 shares of Braze stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 54,784 shares of the company’s stock, valued at $2,507,463.68. The trade was a 6.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

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

Braze Price Performance

BRZE stock opened at $44.15 on Thursday. Braze, Inc. has a 12 month low of $29.18 and a 12 month high of $61.53. The firm’s 50-day moving average is $39.78 and its 200 day moving average is $38.21. The company has a market capitalization of $4.57 billion, a PE ratio of -38.73 and a beta of 1.11.

Analyst Ratings Changes

Several research firms have recently weighed in on BRZE. Macquarie boosted their price objective on shares of Braze from $30.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, December 11th. DA Davidson reduced their price objective on Braze from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th. Loop Capital reaffirmed a “buy” rating and set a $75.00 price target on shares of Braze in a research report on Tuesday, September 24th. Wells Fargo & Company cut their target price on shares of Braze from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Tuesday, November 26th. Finally, Citigroup lifted their price target on shares of Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.74.

Institutional Trading of Braze

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

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.