Phillip M. Fernandez Sells 1,500 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) Director Phillip M. Fernandez sold 1,500 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $43.13, for a total value of $64,695.00. Following the sale, the director now directly owns 15,269 shares of the company’s stock, valued at $658,551.97. The trade was a 8.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Braze Stock Up 0.0 %

BRZE opened at $44.11 on Friday. The business’s fifty day simple moving average is $41.22 and its 200 day simple moving average is $38.50. Braze, Inc. has a 52 week low of $29.18 and a 52 week high of $61.53. The firm has a market cap of $4.56 billion, a P/E ratio of -38.69 and a beta of 1.11.

Institutional Investors Weigh In On Braze

Several hedge funds have recently modified their holdings of BRZE. JPMorgan Chase & Co. lifted its stake in shares of Braze by 146.9% during the third quarter. JPMorgan Chase & Co. now owns 1,808,577 shares of the company’s stock valued at $58,489,000 after buying an additional 1,075,998 shares during the period. Stephens Investment Management Group LLC purchased a new position in shares of Braze during the 3rd quarter worth $20,794,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Braze by 69.5% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,494,100 shares of the company’s stock worth $48,319,000 after purchasing an additional 612,400 shares during the last quarter. Granite Investment Partners LLC purchased a new stake in shares of Braze in the second quarter valued at $12,925,000. Finally, State Street Corp increased its stake in Braze by 21.5% in the third quarter. State Street Corp now owns 1,575,701 shares of the company’s stock valued at $50,958,000 after purchasing an additional 279,050 shares during the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BRZE has been the subject of several analyst reports. Oppenheimer reissued an “outperform” rating and set a $51.00 price target on shares of Braze in a report on Tuesday, December 10th. Citigroup increased their price objective on Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group decreased their target price on shares of Braze from $65.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. DA Davidson cut their price target on shares of Braze from $55.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, December 10th. Finally, Stifel Nicolaus raised their price objective on shares of Braze from $37.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.74.

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.