Braze, Inc. (NASDAQ:BRZE) Receives $53.74 Consensus Target Price from Analysts

Braze, Inc. (NASDAQ:BRZE) has been assigned a consensus recommendation of “Moderate Buy” from the twenty brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $53.74.

A number of research analysts have commented on BRZE shares. Macquarie upped their target price on shares of Braze from $30.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective (down previously from $70.00) on shares of Braze in a research report on Tuesday, December 10th. Stifel Nicolaus lifted their target price on shares of Braze from $37.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. William Blair restated an “outperform” rating on shares of Braze in a research note on Thursday, December 19th. Finally, Barclays dropped their price objective on Braze from $80.00 to $70.00 and set an “overweight” rating for the company in a research note on Monday, August 26th.

Insider Buying and Selling at Braze

In other news, Director Fernando Machado sold 1,377 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $30.65, for a total transaction of $42,205.05. Following the sale, the director now owns 8,937 shares of the company’s stock, valued at approximately $273,919.05. This trade represents a 13.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Susan Wiseman sold 41,210 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $45.09, for a total value of $1,858,158.90. Following the completion of the transaction, the general counsel now directly owns 199,520 shares of the company’s stock, valued at $8,996,356.80. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 208,090 shares of company stock valued at $7,906,833. Insiders own 24.03% of the company’s stock.

Institutional Investors Weigh In On Braze

Several large investors have recently modified their holdings of the company. Blair William & Co. IL raised its position in Braze by 2.2% during the 2nd quarter. Blair William & Co. IL now owns 12,928 shares of the company’s stock worth $502,000 after buying an additional 283 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Braze by 18.9% during the third quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock valued at $73,000 after acquiring an additional 358 shares during the last quarter. Creative Planning raised its position in shares of Braze by 1.7% in the second quarter. Creative Planning now owns 23,121 shares of the company’s stock valued at $898,000 after buying an additional 384 shares during the last quarter. KBC Group NV lifted its stake in shares of Braze by 41.5% during the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after purchasing an additional 615 shares during the period. Finally, Arizona State Retirement System boosted its stake in Braze by 4.8% in the 2nd quarter. Arizona State Retirement System now owns 15,466 shares of the company’s stock worth $601,000 after buying an additional 712 shares during the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.

Braze Stock Down 2.0 %

Shares of Braze stock opened at $43.43 on Friday. The business’s fifty day simple moving average is $36.76 and its 200-day simple moving average is $37.57. The firm has a market cap of $4.49 billion, a PE ratio of -38.10 and a beta of 1.15. Braze has a 52 week low of $29.18 and a 52 week high of $61.53.

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.