Braze, Inc. (NASDAQ:BRZE) CAO Pankaj Malik Sells 4,656 Shares

Braze, Inc. (NASDAQ:BRZE) CAO Pankaj Malik sold 4,656 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $43.65, for a total transaction of $203,234.40. Following the completion of the sale, the chief accounting officer now owns 58,484 shares of the company’s stock, valued at approximately $2,552,826.60. The trade was a 7.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Pankaj Malik also recently made the following trade(s):

• On Friday, December 13th, Pankaj Malik sold 3,955 shares of Braze stock. The stock was sold at an average price of $41.41, for a total transaction of $163,776.55.
• On Monday, November 18th, Pankaj Malik sold 3,432 shares of Braze stock. The shares were sold at an average price of $34.45, for a total transaction of $118,232.40.

Braze Price Performance

NASDAQ:BRZE opened at $44.75 on Wednesday. The company has a market cap of $4.60 billion, a P/E ratio of -39.25 and a beta of 1.15. Braze, Inc. has a 1 year low of $29.18 and a 1 year high of $61.53. The stock’s fifty day moving average price is $35.40 and its two-hundred day moving average price is $37.32.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Stifel Nicolaus increased their price target on Braze from $37.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. JMP Securities reiterated a “market outperform” rating and set a $68.00 target price on shares of Braze in a research note on Tuesday, September 24th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target (down from $70.00) on shares of Braze in a report on Tuesday, December 10th. The Goldman Sachs Group decreased their price objective on shares of Braze from $65.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Finally, Macquarie lifted their price objective on shares of Braze from $30.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $53.74.

Institutional Trading of Braze

A number of institutional investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new position in shares of Braze during the 2nd quarter valued at $50,000. Comerica Bank increased its position in shares of Braze by 29.4% in the first quarter. Comerica Bank now owns 1,216 shares of the company’s stock valued at $54,000 after acquiring an additional 276 shares during the period. KBC Group NV raised its position in Braze by 41.5% during the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock valued at $68,000 after purchasing an additional 615 shares during the last quarter. Amalgamated Bank raised its position in Braze by 18.9% during the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock valued at $73,000 after purchasing an additional 358 shares during the last quarter. Finally, Evoke Wealth LLC purchased a new stake in Braze in the 2nd quarter worth approximately $215,000. Hedge funds and other 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.