Braze, Inc. (NASDAQ:BRZE – Get Free Report) CAO Pankaj Malik sold 2,618 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $35.23, for a total transaction of $92,232.14. Following the completion of the transaction, the chief accounting officer now directly owns 76,623 shares of the company’s stock, valued at $2,699,428.29. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Pankaj Malik also recently made the following trade(s):
- On Thursday, May 16th, Pankaj Malik sold 2,746 shares of Braze stock. The shares were sold at an average price of $41.76, for a total value of $114,672.96.
Braze Stock Performance
NASDAQ BRZE opened at $35.90 on Thursday. The stock has a market cap of $3.65 billion, a PE ratio of -28.05 and a beta of 1.06. The firm has a 50-day moving average of $39.32 and a 200-day moving average of $47.73. Braze, Inc. has a 52-week low of $33.93 and a 52-week high of $61.53.
Institutional Trading of Braze
Hedge funds have recently added to or reduced their stakes in the company. Comerica Bank increased its position in Braze by 29.4% during the 1st quarter. Comerica Bank now owns 1,216 shares of the company’s stock worth $54,000 after buying an additional 276 shares during the period. Motley Fool Asset Management LLC bought a new position in Braze during the first quarter worth about $275,000. California State Teachers Retirement System raised its stake in Braze by 5.6% in the 1st quarter. California State Teachers Retirement System now owns 53,671 shares of the company’s stock worth $2,378,000 after purchasing an additional 2,844 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new stake in Braze in the 1st quarter valued at about $5,714,000. Finally, Quadrature Capital Ltd grew its position in shares of Braze by 7.7% during the 1st quarter. Quadrature Capital Ltd now owns 36,267 shares of the company’s stock worth $1,607,000 after purchasing an additional 2,585 shares in the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on BRZE shares. JPMorgan Chase & Co. dropped their target price on Braze from $60.00 to $58.00 and set an “overweight” rating on the stock in a research report on Thursday, March 28th. BTIG Research decreased their target price on shares of Braze from $68.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Wells Fargo & Company cut their price target on shares of Braze from $75.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. JMP Securities reiterated a “market outperform” rating and set a $68.00 target price on shares of Braze in a report on Friday, June 7th. Finally, Scotiabank decreased their price target on Braze from $58.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, June 3rd. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Braze presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.88.
Read Our Latest Stock Analysis on BRZE
Braze Company Profile
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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