Braze, Inc. (NASDAQ:BRZE) CFO Isabelle Winkles Sells 5,292 Shares

Braze, Inc. (NASDAQ:BRZEGet Free Report) CFO Isabelle Winkles sold 5,292 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $48.21, for a total transaction of $255,127.32. Following the transaction, the chief financial officer now directly owns 208,250 shares in the company, valued at $10,039,732.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Wednesday, November 1st, Isabelle Winkles sold 5,000 shares of Braze stock. The shares were sold at an average price of $42.29, for a total transaction of $211,450.00.
  • On Monday, October 2nd, Isabelle Winkles sold 5,000 shares of Braze stock. The stock was sold at an average price of $46.88, for a total transaction of $234,400.00.
  • On Friday, September 1st, Isabelle Winkles sold 5,000 shares of Braze stock. The stock was sold at an average price of $47.09, for a total transaction of $235,450.00.

Braze Price Performance

BRZE stock traded up $1.04 during trading on Monday, hitting $51.09. 713,528 shares of the stock traded hands, compared to its average volume of 752,658. Braze, Inc. has a 1 year low of $23.10 and a 1 year high of $51.48. The firm’s 50 day moving average is $45.90 and its two-hundred day moving average is $41.95. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of -35.73 and a beta of 1.01.

Braze (NASDAQ:BRZEGet Free Report) last announced its quarterly earnings data on Thursday, September 7th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.09. Braze had a negative net margin of 33.51% and a negative return on equity of 29.85%. The company had revenue of $115.11 million for the quarter, compared to the consensus estimate of $108.47 million. As a group, analysts anticipate that Braze, Inc. will post -1.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of Braze from $43.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 5th. Canaccord Genuity Group lifted their price objective on shares of Braze from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. TD Cowen lifted their price objective on shares of Braze from $45.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, September 8th. Raymond James lifted their target price on shares of Braze from $44.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, September 8th. Finally, BTIG Research lifted their target price on shares of Braze from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, September 8th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.74.

Read Our Latest Stock Report on Braze

Institutional Trading of Braze

Institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new position in Braze during the 1st quarter valued at about $370,000. Bank of Montreal Can lifted its stake in Braze by 81.7% during the 1st quarter. Bank of Montreal Can now owns 103,600 shares of the company’s stock valued at $4,645,000 after acquiring an additional 46,591 shares during the period. BlackRock Inc. lifted its stake in Braze by 2,301.3% during the 1st quarter. BlackRock Inc. now owns 123,233 shares of the company’s stock valued at $5,111,000 after acquiring an additional 118,101 shares during the period. Blair William & Co. IL lifted its stake in Braze by 8.7% during the 1st quarter. Blair William & Co. IL now owns 10,220 shares of the company’s stock valued at $424,000 after acquiring an additional 820 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Braze by 21.8% during the 1st quarter. Vanguard Group Inc. now owns 695,917 shares of the company’s stock valued at $28,860,000 after acquiring an additional 124,741 shares during the period. 49.47% of the stock is owned by hedge funds and other institutional investors.

About Braze

(Get Free Report)

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers data ingestion products, such as 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 cohort syncing, which allow brands to sync user cohorts from partners; and Braze Cloud Data Ingestion that enables brands to harness their customer data.

Further Reading

Insider Buying and Selling by Quarter for Braze (NASDAQ:BRZE)

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