Shares of Braze, Inc. (NASDAQ:BRZE – Get Rating) have received an average recommendation of "Buy" from the sixteen analysts that are currently covering the firm, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $42.07.
A number of equities research analysts have commented on BRZE shares. JMP Securities cut their target price on shares of Braze from $52.00 to $46.00 and set a "market outperform" rating for the company in a research report on Wednesday, December 14th. Raymond James cut their target price on shares of Braze from $50.00 to $38.00 and set an "outperform" rating for the company in a research report on Wednesday, December 14th. Cowen cut their target price on shares of Braze from $47.00 to $44.00 in a research report on Wednesday, December 14th. BTIG Research started coverage on shares of Braze in a research report on Wednesday, January 11th. They issued a "buy" rating and a $34.00 target price for the company. Finally, Cowen cut their target price on shares of Braze from $47.00 to $44.00 in a research report on Wednesday, December 14th.
Get Braze alerts:Braze Trading Up 6.5 %
NASDAQ:BRZE opened at $30.73 on Tuesday. Braze has a 12 month low of $22.53 and a 12 month high of $67.48. The company has a market cap of $2.94 billion, a PE ratio of -18.40 and a beta of 0.41. The company has a 50 day simple moving average of $26.33 and a two-hundred day simple moving average of $34.44.
Insiders Place Their Bets
In other news, insider Myles Kleeger sold 20,000 shares of the company's stock in a transaction dated Wednesday, December 7th. The stock was sold at an average price of $25.02, for a total value of $500,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 32.14% of the stock is currently owned by company insiders.Institutional Trading of Braze
Several institutional investors have recently made changes to their positions in BRZE. Bank of New York Mellon Corp purchased a new stake in shares of Braze during the first quarter worth about $370,000. Bank of Montreal Can grew its holdings in Braze by 81.7% during the 1st quarter. Bank of Montreal Can now owns 103,600 shares of the company's stock valued at $4,645,000 after buying an additional 46,591 shares in the last quarter. BlackRock Inc. grew its holdings in Braze by 2,301.3% during the 1st quarter. BlackRock Inc. now owns 123,233 shares of the company's stock valued at $5,111,000 after buying an additional 118,101 shares in the last quarter. Blair William & Co. IL grew its holdings in Braze by 8.7% during the 1st quarter. Blair William & Co. IL now owns 10,220 shares of the company's stock valued at $424,000 after buying an additional 820 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Braze by 21.8% during the 1st quarter. Vanguard Group Inc. now owns 695,917 shares of the company's stock valued at $28,860,000 after buying an additional 124,741 shares in the last quarter. Hedge funds and other institutional investors own 44.13% of the company's stock.
Braze Company Profile
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Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. It offers data ingestion products, such as Braze software development kits that automatically manage data ingestion and the delivery of mobile and web notifications, in-application/in-browser interstitial messages, and content cards, as well as can be integrated into a range of digital interfaces and application development frameworks; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; and partner cohort syncing, which allow brands to sync user cohorts from partners.
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