Key Points
- Susan Wiseman sold 35,000 shares of Braze on April 9 at an average price of $20.29 for $710,150, leaving her with 209,424 shares — a 14.32% reduction in her ownership.
- In the most recent quarter Braze reported revenue of $205.17 million (up 27.9% YoY), beating estimates, but missed on EPS at $0.10 versus $0.14 and continues to show negative net margin and return on equity.
- Shares jumped about 8.6% (opened $20.61) and the company has a market cap of $2.34 billion; analysts' consensus is a Moderate Buy with an average target of $36.67, and institutional investors own roughly 90.47% of the stock.
Braze, Inc. (NASDAQ:BRZE - Get Free Report) General Counsel Susan Wiseman sold 35,000 shares of the firm's stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $20.29, for a total transaction of $710,150.00. Following the transaction, the general counsel directly owned 209,424 shares in the company, valued at approximately $4,249,212.96. This represents a 14.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Susan Wiseman also recently made the following trade(s):
- On Thursday, February 19th, Susan Wiseman sold 4,167 shares of Braze stock. The stock was sold at an average price of $17.03, for a total transaction of $70,964.01.
- On Wednesday, February 18th, Susan Wiseman sold 5,763 shares of Braze stock. The shares were sold at an average price of $16.93, for a total transaction of $97,567.59.
Braze Trading Up 8.6%
Shares of BRZE opened at $20.61 on Tuesday. Braze, Inc. has a 12 month low of $15.26 and a 12 month high of $37.67. The firm's 50 day moving average is $19.52 and its 200-day moving average is $25.67. The stock has a market capitalization of $2.34 billion, a PE ratio of -16.89 and a beta of 0.89.
Braze (NASDAQ:BRZE - Get Free Report) last issued its quarterly earnings results on Tuesday, March 24th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). The company had revenue of $205.17 million during the quarter, compared to the consensus estimate of $198.23 million. Braze had a negative net margin of 17.78% and a negative return on equity of 18.75%. The company's quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 earnings per share. Equities research analysts predict that Braze, Inc. will post -0.98 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on BRZE shares. Canaccord Genuity Group reiterated a "buy" rating and set a $43.00 target price on shares of Braze in a research report on Monday, March 23rd. TD Cowen dropped their price target on Braze from $43.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, March 20th. Citigroup cut their price objective on shares of Braze from $53.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday, March 25th. Piper Sandler reduced their price objective on shares of Braze from $30.00 to $27.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 25th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $50.00 target price on shares of Braze in a report on Wednesday, March 25th. Twenty-two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Braze presently has an average rating of "Moderate Buy" and an average target price of $36.67.
Check Out Our Latest Research Report on BRZE
Hedge Funds Weigh In On Braze
A number of institutional investors have recently modified their holdings of the business. Alyeska Investment Group L.P. lifted its position in shares of Braze by 592.4% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,105,024 shares of the company's stock worth $72,181,000 after buying an additional 1,801,019 shares during the last quarter. Barclays PLC grew its position in Braze by 443.0% in the third quarter. Barclays PLC now owns 1,404,395 shares of the company's stock valued at $39,941,000 after acquiring an additional 1,145,748 shares during the last quarter. UBS Group AG grew its position in Braze by 421.1% in the third quarter. UBS Group AG now owns 1,279,678 shares of the company's stock valued at $36,394,000 after acquiring an additional 1,034,087 shares during the last quarter. Battery Management CORP. raised its stake in Braze by 70.2% during the third quarter. Battery Management CORP. now owns 2,425,000 shares of the company's stock worth $68,967,000 after acquiring an additional 1,000,000 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Braze by 238.2% during the third quarter. Bank of America Corp DE now owns 1,351,227 shares of the company's stock worth $38,429,000 after acquiring an additional 951,674 shares in the last quarter. Institutional investors and hedge funds own 90.47% of the company's stock.
About Braze
(
Get Free Report)
Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.
The core functionality of Braze's platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.
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