Braze (NASDAQ: BRZE – Get Rating) Investment analysts lowered their target price on Cowen from $ 60.00 to $ 54.00 in a report issued on Thursday, according to Stock Target Advisor. Cowen’s price objective indicates a potential upside of 67.44% from the stock’s current price.
Several other research firms have also recently issued reports on BRZE. JP Morgan Chase & Co. Barge lowered their target price on Brize from $ 65.00 to $ 42.00 in a report on Tuesday, June 14th. Loop Capital lowered their target price on Braze from $ 75.00 to $ 50.00 and set a “buy” rating for the company in a report on Wednesday, June 15th. Oppenheimer lowered their target price on Braze from $ 60.00 to $ 37.00 and set an “outperform” rating for the company in a report on Tuesday, June 14th. Piper Sandler lowered their target price on Braze from $ 65.00 to $ 42.00 and set an “overweight” rating for the company in a report on Tuesday, June 14th. Finally, Needham & Company LLC lowered their price objective on Braze from $ 90.00 to $ 70.00 and set a “buy” rating for the company in a report on Thursday, March 31st. Fifteen equities research analysts have rated the stock with a buy rating, Marketbeat reports, Braze currently has a consensus rating of “Buy” and a consensus target price of $ 52.79.
BRZE stock opened at $ 32.25 on Thursday. The business’s fifty-day moving average is $ 36.01 and its 200-day moving average is $ 47.24. Braze has a twelve month low of $ 27.09 and a twelve month high of $ 98.78.
Braze (NASDAQ: BRZE – Get Rating) last posted its quarterly earnings results on Monday, June 13th. The company reported ($ 0.19) earnings per share for the quarter, beating analysts ’consensus estimates of ($ 0.21) by $ 0.02. On average, analysts expect that Braze will post -1.5 earnings per share for the current fiscal year.
In related news, insider Miles Kleiger sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $ 32.58, for a total value of $ 325,800.00. The sale is disclosed in a legal filing with the SEC, accessible through this link. Also, CAO Pankaj Malik sold 5,943 shares of the business’s stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $ 31.53, for a total transaction of $ 187,382.79. Following the completion of the sale, the chief accounting officer now directly owns 80,360 shares in the company, valued at approximately $ 2,533,750.80. This sales disclosure can be found here. In the last three months, insiders have sold 308,867 shares of company stock valued at $ 11,554,072 and sold 124,443 shares valued at $ 4,608,848. Company insiders own 32.14% of the company’s stock.
Institutional investors have recently modified their holdings of shares. Bank of America Corp DE increased its stake in shares of Breeze by 50,225.0% in the first quarter. Bank of America Corp DE now owns 2,013 shares of the company’s stock worth $ 83,000 after buying an additional 2,009 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Breeze during the fourth quarter worth about $ 206,000. Renaissance Capital LLC bought a new stake in shares of Breeze during the fourth quarter worth about $ 277,000. Malaga Cove Capital LLC bought a new stake in shares of Breeze during the first quarter worth about $ 309,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Breeze during the first quarter worth about $ 346,000. 23.64% of the stock is currently owned by institutional investors.
About the braze (Get Rating)
Braze, Inc operates a customer engagement platform that provides communications between consumers and brands worldwide. It provides braze software development kits and mobile and web notifications that automatically handle data consumption products, delivery of interstitial messages and content cards in the app / browser, and can be integrated into a range of digital interface and app development frameworks; REST API, which can be used to import or export data or trigger workflows between Braze and brands’ existing technology stacks; And partner reasonable syncing, which allows brands to sync user groups from partners.
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