Braze, Inc. (NASDAQ:BRZE – Get Free Report) Director Phillip M. Fernandez sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $41.79, for a total value of $62,685.00. Following the completion of the sale, the director now owns 11,056 shares of the company’s stock, valued at approximately $462,030.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Braze Stock Down 0.8 %
Shares of BRZE stock opened at $38.94 on Friday. The stock has a fifty day moving average of $50.39 and a 200 day moving average of $50.70. Braze, Inc. has a 52 week low of $25.76 and a 52 week high of $61.53. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of -29.28 and a beta of 1.13.
Braze (NASDAQ:BRZE – Get Free Report) last announced its quarterly earnings results on Wednesday, March 27th. The company reported ($0.29) EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $124.55 million. Equities research analysts anticipate that Braze, Inc. will post -1.18 earnings per share for the current year.
Analyst Upgrades and Downgrades
Read Our Latest Report on Braze
Hedge Funds Weigh In On Braze
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new position in Braze during the third quarter valued at $4,377,000. Morgan Stanley lifted its position in Braze by 20.1% during the third quarter. Morgan Stanley now owns 5,387,736 shares of the company’s stock valued at $251,769,000 after buying an additional 899,894 shares during the period. Seven Eight Capital LP purchased a new position in Braze during the third quarter valued at $283,000. Penserra Capital Management LLC lifted its position in Braze by 375.8% during the third quarter. Penserra Capital Management LLC now owns 55,982 shares of the company’s stock valued at $2,616,000 after buying an additional 44,217 shares during the period. Finally, Vanguard Group Inc. lifted its position in Braze by 4.5% during the third quarter. Vanguard Group Inc. now owns 5,266,393 shares of the company’s stock valued at $246,099,000 after buying an additional 228,089 shares during the period. Hedge funds and other 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.
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