Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles Sells 8,205 Shares

Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles sold 8,205 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $41.76, for a total value of $342,640.80. Following the completion of the transaction, the chief financial officer now directly owns 250,476 shares in the company, valued at approximately $10,459,877.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, May 20th, Isabelle Winkles sold 4,096 shares of Braze stock. The stock was sold at an average price of $42.68, for a total transaction of $174,817.28.
• On Wednesday, May 1st, Isabelle Winkles sold 4,500 shares of Braze stock. The shares were sold at an average price of $40.93, for a total transaction of $184,185.00.
• On Thursday, April 11th, Isabelle Winkles sold 8,383 shares of Braze stock. The shares were sold at an average price of $42.80, for a total transaction of $358,792.40.

Braze Stock Down 1.3 %

Shares of NASDAQ:BRZE opened at $42.35 on Thursday. The firm has a fifty day simple moving average of $43.76 and a two-hundred day simple moving average of $50.23. The stock has a market capitalization of $4.27 billion, a P/E ratio of -31.84 and a beta of 1.13. Braze, Inc. has a 52 week low of $30.48 and a 52 week high of $61.53.

Braze (NASDAQ:BRZE) last issued its quarterly earnings data on Wednesday, March 27th. The company reported ($0.29) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.02. Braze had a negative return on equity of 28.24% and a negative net margin of 27.44%. The company had revenue of $130.96 million for the quarter, compared to analysts’ expectations of $124.55 million. On average, analysts expect that Braze, Inc. will post -1.18 earnings per share for the current year.

Institutional Trading of Braze

Hedge funds and other institutional investors have recently bought and sold shares of the stock. 1832 Asset Management L.P. raised its stake in shares of Braze by 537.4% in the fourth quarter. 1832 Asset Management L.P. now owns 1,527,100 shares of the company’s stock valued at $81,135,000 after acquiring an additional 1,287,500 shares during the period. Morgan Stanley lifted its stake in Braze by 20.1% in the third quarter. Morgan Stanley now owns 5,387,736 shares of the company’s stock worth $251,769,000 after purchasing an additional 899,894 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Braze by 180.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,285,100 shares of the company’s stock worth $60,053,000 after purchasing an additional 826,100 shares during the last quarter. Invesco Ltd. grew its stake in shares of Braze by 167.5% during the third quarter. Invesco Ltd. now owns 1,293,974 shares of the company’s stock valued at $60,467,000 after buying an additional 810,295 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Braze in the fourth quarter worth approximately $37,584,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Analyst Ratings Changes

BRZE has been the subject of a number of analyst reports. DA Davidson restated a “buy” rating and issued a $65.00 price target on shares of Braze in a research report on Monday, March 25th. Needham & Company LLC restated a “buy” rating and set a $70.00 target price on shares of Braze in a research note on Thursday, March 28th. Piper Sandler reiterated an “overweight” rating and issued a $66.00 price target on shares of Braze in a research report on Friday, April 5th. JPMorgan Chase & Co. lowered their target price on shares of Braze from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Thursday, March 28th. Finally, Oppenheimer reissued an “outperform” rating and set a $75.00 price target on shares of Braze in a report on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, Braze currently has an average rating of “Moderate Buy” and a consensus price target of $64.12.

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.