Pankaj Malik Sells 3,955 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) CAO Pankaj Malik sold 3,955 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $41.41, for a total value of $163,776.55. Following the sale, the chief accounting officer now directly owns 63,140 shares in the company, valued at approximately $2,614,627.40. The trade was a 5.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, December 16th, Pankaj Malik sold 4,656 shares of Braze stock. The shares were sold at an average price of $43.65, for a total value of $203,234.40.
• On Monday, November 18th, Pankaj Malik sold 3,432 shares of Braze stock. The shares were sold at an average price of $34.45, for a total value of $118,232.40.

Braze Stock Down 0.1 %

BRZE stock traded down $0.03 during trading hours on Tuesday, hitting $44.75. The company’s stock had a trading volume of 1,472,968 shares, compared to its average volume of 1,086,632. The company has a market capitalization of $4.60 billion, a PE ratio of -39.25 and a beta of 1.15. The stock has a 50 day moving average price of $35.40 and a two-hundred day moving average price of $37.32. Braze, Inc. has a 12 month low of $29.18 and a 12 month high of $61.53.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Braze from $37.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Macquarie increased their price objective on Braze from $30.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. DA Davidson decreased their target price on Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, December 10th. Piper Sandler lifted their price target on Braze from $40.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $68.00 price objective on shares of Braze in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, Braze presently has an average rating of “Moderate Buy” and an average price target of $53.74.

Hedge Funds Weigh In On Braze

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