Myles Kleeger Sells 10,000 Shares of Braze, Inc. (NASDAQ:BRZE) Stock

Braze, Inc. (NASDAQ:BRZE) insider Myles Kleeger sold 10,000 shares of Braze stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $45.43, for a total transaction of $454,300.00. Following the transaction, the insider now owns 184,396 shares in the company, valued at approximately $8,377,110.28. The trade was a 5.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Myles Kleeger also recently made the following trade(s):

• On Wednesday, December 18th, Myles Kleeger sold 37,900 shares of Braze stock. The shares were sold at an average price of $45.11, for a total value of $1,709,669.00.
• On Monday, December 16th, Myles Kleeger sold 2,100 shares of Braze stock. The stock was sold at an average price of $45.00, for a total value of $94,500.00.
• On Wednesday, November 20th, Myles Kleeger sold 6,342 shares of Braze stock. The stock was sold at an average price of $36.03, for a total transaction of $228,502.26.
• On Monday, November 18th, Myles Kleeger sold 9,225 shares of Braze stock. The shares were sold at an average price of $34.45, for a total transaction of $317,801.25.

Braze Stock Performance

NASDAQ BRZE opened at $44.15 on Friday. Braze, Inc. has a twelve month low of $29.18 and a twelve month high of $61.53. The stock has a market cap of $4.57 billion, a PE ratio of -38.73 and a beta of 1.11. The firm has a 50-day simple moving average of $40.04 and a 200 day simple moving average of $38.25.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Macquarie boosted their price target on shares of Braze from $30.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, December 11th. DA Davidson dropped their target price on Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. Oppenheimer reissued an “outperform” rating and issued a $51.00 price target on shares of Braze in a research note on Tuesday, December 10th. Piper Sandler raised their price objective on shares of Braze from $40.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Finally, TD Cowen decreased their target price on shares of Braze from $52.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, Braze has an average rating of “Moderate Buy” and an average target price of $53.74.

Institutional Trading of Braze

Several institutional investors have recently modified their holdings of the company. Quarry LP acquired a new position in shares of Braze in the second quarter valued at $50,000. KBC Group NV raised its stake in shares of Braze by 41.5% in the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock valued at $68,000 after buying an additional 615 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Braze by 18.9% during the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after acquiring an additional 358 shares during the period. Evoke Wealth LLC acquired a new stake in shares of Braze during the 2nd quarter valued at about $215,000. Finally, Canada Pension Plan Investment Board bought a new stake in Braze in the second quarter valued at about $229,000. Institutional investors and hedge funds 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.