Isabelle Winkles sells 5,963 shares of Braze, Inc. (NASDAQ:BRZE).


Braze, Inc. (NASDAQ:BRZE – Get Rating) CFO Isabelle Winkles sold 5,963 shares of the company’s shares in a transaction on Wednesday, July 13. The shares were sold at an average price of $42.01 for a total value of $250,505.63. Upon completion of the transaction, the Chief Financial Officer now directly owns 33,197 shares of the Company, valued at $1,394,605.97. The sale was disclosed in a legal filing with the SEC, which is available through the SEC’s website.

Isabelle Winkles also recently made the following trades:

  • On Thursday, June 30th, Isabelle Winkles sold 12,888 Braze shares. The shares sold at an average price of $35.79 for a total value of $461,261.52.

solder price performance

Braze shares opened at $43.80 on Friday. Braze, Inc. has a 52-week low of $27.09 and a 52-week high of $98.78. The company has a 50-day moving average price of $35.71 and a 200-day moving average price of $43.74.

Braze (NASDAQ:BRZE – Get Rating) last reported its earnings results on Monday, June 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.02. As a group, equity analysts expect Braze, Inc. to post -1.5 EPS for the year to date.

Changes in analyst ratings

A number of brokerage houses have recently issued reports on BRZE. Cowen lowered his price target on Braze to $54.00 from $60.00 and gave the stock a “Outperform” rating in a research note on Thursday, June 23. Goldman Sachs Group lowered its price target on Braze to $56.00 from $65.00 and gave the stock a “buy” rating in a research note on Wednesday, June 15th. Piper Sandler lowered his price target on Braze to $42.00 from $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 14. Needham & Company LLC lowered its price target on Braze to $70.00 from $90.00 and issued a research note with a “buy” rating on Thursday, March 31st. Finally, on Tuesday, July 12, UBS Group took over coverage of Braze in a research note. They put a “buy” rating on the stock and a price target of $53.00. Sixteen analysts have given the stock a buy rating. Based on data from MarketBeat, the stock currently has an average rating of Buy and an average price target of $52.80.

Hedge funds rely on Braze

Several institutional investors have recently changed their holdings of BRZE. ICONIQ Capital LLC increased its holdings in Braze stock by 134.2% during the first quarter. ICONIQ Capital LLC now owns 7,206,133 shares of the Company’s stock valued at $298,839,000 after purchasing an additional 4,128,680 shares during the most recent quarter. Interwest Venture Management Co. purchased a new position in Braze stock valued at approximately $140,758,000 during the first quarter. Sapphire Ventures LLC acquired a new position in Braze stock valued at approximately $134,674,000 during the fourth quarter. Spark Growth Management Partners II LLC purchased a new position in Braze stock valued at approximately $55,888,000 during the first quarter. Finally, Alliancebernstein LP purchased a new position in Braze stock valued at approximately $68,082,000 during the fourth quarter. 23.64% of the shares are owned by institutional investors.

About Braze

(received rating)

Braze, Inc operates a customer engagement platform that enables interactions between consumers and brands worldwide. It offers data ingestion products such as Braze software development kits that automatically manage data ingestion and delivery of mobile and web notifications, in-application/in-browser interstitial messages, and content maps, and can be integrated with a range of digital interfaces and frameworks for the Application development; REST API that can be used to import or export data or trigger workflows between Braze and brands’ existing technology stacks; and partner cohort synchronization, which allows brands to synchronize user cohorts from partners.

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Insider Buying & Sales by Quarter for Braze (NASDAQ:BRZE)



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