Braze, Inc. (NASDAQ:BRZE) Director Phillip M. Fernandez Sells 1,500 Shares

Braze, Inc. (NASDAQ:BRZE) Director Phillip M. Fernandez sold 1,500 shares of the stock in a transaction on Monday, April 15th. The shares were 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 $462,030.24. The sale was disclosed in a filing with the SEC, which is available at this link.

Braze Price Performance

NASDAQ BRZE opened at $39.53 on Thursday. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of -29.72 and a beta of 1.13. Braze, Inc. has a 12 month low of $25.76 and a 12 month high of $61.53. The company’s fifty day moving average price is $51.19 and its two-hundred day moving average price is $50.84.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BRZE. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 target price on shares of Braze in a research report on Thursday, March 28th. UBS Group raised Braze from a “neutral” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Thursday, March 21st. Oppenheimer reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Braze in a research report on Thursday, March 28th. JPMorgan Chase & Co. dropped their price objective on shares of Braze from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Thursday, March 28th. Finally, Scotiabank decreased their target price on shares of Braze from $65.00 to $58.00 and set a “sector perform” rating for the company in a research note on Thursday, March 28th. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $64.29.

Hedge Funds Weigh In On Braze

Several large investors have recently modified their holdings of the stock. Harbour Capital Advisors LLC increased its holdings in Braze by 10.2% in the first quarter. Harbour Capital Advisors LLC now owns 12,980 shares of the company’s stock valued at $561,000 after buying an additional 1,205 shares during the last quarter. Renaissance Capital LLC grew its position in shares of Braze by 5.1% in the 1st quarter. Renaissance Capital LLC now owns 34,885 shares of the company’s stock worth $1,545,000 after acquiring an additional 1,696 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Braze by 9.1% in the 4th quarter. Vanguard Group Inc. now owns 5,746,572 shares of the company’s stock valued at $305,315,000 after acquiring an additional 480,179 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Braze by 21.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 375,923 shares of the company’s stock valued at $19,973,000 after acquiring an additional 65,973 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in Braze during the fourth quarter worth $40,000. 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.