Braze, Inc. (NASDAQ:BRZE - Get Free Report) CFO Isabelle Winkles sold 4,500 shares of the company's stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $40.93, for a total value of $184,185.00. Following the completion of the sale, the chief financial officer now owns 258,681 shares in the company, valued at approximately $10,587,813.33. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Isabelle Winkles also recently made the following trade(s):
- On Thursday, April 11th, Isabelle Winkles sold 8,383 shares of Braze stock. The stock was sold at an average price of $42.80, for a total value of $358,792.40.
- On Friday, February 16th, Isabelle Winkles sold 5,489 shares of Braze stock. The shares were sold at an average price of $57.51, for a total transaction of $315,672.39.
Braze Price Performance
NASDAQ BRZE opened at $41.60 on Friday. The company has a fifty day simple moving average of $47.11 and a 200 day simple moving average of $50.35. Braze, Inc. has a 12-month low of $26.11 and a 12-month high of $61.53.
Elon’s New Device is About to Shock the World
From InvestorPlace | Ad
Using this device you see above…
Elon Musk just tested a new type of A.I. that according to Wired Magazine will usher in…
“The next step in human evolution.”
Click here to see the details because there’s a lot of money at stake.
Braze (NASDAQ:BRZE - Get Free Report) last issued its quarterly earnings data on Wednesday, March 27th. The company reported ($0.29) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.31) by $0.02. The firm had revenue of $130.96 million during the quarter, compared to analysts' expectations of $124.55 million. Braze had a negative net margin of 27.44% and a negative return on equity of 28.24%. On average, equities analysts expect that Braze, Inc. will post -1.18 earnings per share for the current year.
Hedge Funds Weigh In On Braze
A number of hedge funds have recently added to or reduced their stakes in BRZE. Principal Financial Group Inc. purchased a new stake in shares of Braze in the third quarter valued at about $4,377,000. Morgan Stanley grew its position in Braze by 20.1% in the 3rd 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 in the last quarter. Seven Eight Capital LP purchased a new stake in Braze in the 3rd quarter valued at about $283,000. Bailard Inc. lifted its position in shares of Braze by 409.7% during the 4th quarter. Bailard Inc. now owns 48,578 shares of the company's stock worth $2,581,000 after buying an additional 39,048 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its position in shares of Braze by 375.8% during the 3rd quarter. Penserra Capital Management LLC now owns 55,982 shares of the company's stock worth $2,616,000 after buying an additional 44,217 shares in the last quarter. Institutional investors and hedge funds own 90.47% of the company's stock.
Analyst Upgrades and Downgrades
BRZE has been the topic of a number of analyst reports. William Blair reaffirmed an "outperform" rating on shares of Braze in a research note on Thursday, March 28th. Canaccord Genuity Group decreased their price target on Braze from $65.00 to $50.00 and set a "buy" rating for the company in a report on Monday, April 22nd. Wells Fargo & Company lowered their price objective on Braze from $75.00 to $65.00 and set an "overweight" rating for the company in a research report on Monday, April 29th. Scotiabank cut their target price on Braze from $65.00 to $58.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 28th. Finally, UBS Group raised Braze from a "neutral" rating to a "buy" rating and set a $62.00 target price for the company in a research note on Thursday, March 21st. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $64.12.
Read Our Latest Stock Analysis on Braze
Braze Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
