Braze Inc (NASDAQ: BRZE) is -15.72% lower on its value in year-to-date trading and has touched a low of $33.93 and a high of $61.53 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BRZE stock was last observed hovering at around $44.94 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $44.78, the stock is 6.93% and 10.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing -0.36% at the moment leaves the stock -4.02% off its SMA200. BRZE registered 0.07% gain for a year compared to 6-month loss of -21.62%.
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The stock witnessed a 6.92% gain in the last 1 month and extending the period to 3 months gives it a 18.94%, and is -0.18% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.08% over the week and 3.44% over the month.
Braze Inc (BRZE) has around 1548 employees, a market worth around $4.55B and $505.48M in sales. Fwd P/E is 211.37. Profit margin for the company is -25.00%. Distance from 52-week low is 31.98% and -27.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-24.86%).
The EPS is expected to grow by 71.66% this year.
Braze Inc (BRZE) Top Institutional Holders
305.0 institutions hold shares in Braze Inc (BRZE), with institutional investors hold 93.89% of the company’s shares. The shares outstanding are 73.04M, and float is at 64.25M with Short Float at 7.29%. Institutions hold 87.39% of the Float.
The top institutional shareholder in the company is ICONIQ CAPITAL, LLC with over 8.55 million shares valued at $332.12 million. The investor’s holdings represent 8.484% of the BRZE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.35 million shares valued at $$246.54 million to account for 6.2979 of the shares outstanding. The other top investors are CADIAN CAPITAL MANAGEMENT, LP which holds 4.9 million shares representing 4.8626% and valued at over $190.35 million, while BATTERY MANAGEMENT CORP. holds 4.6783 of the shares totaling 4.72 million with a market value of $183.14 million.
Braze Inc (BRZE) Insider Activity
The most recent transaction is an insider sale by Winkles Isabelle,the company’sChief Financial Officer. SEC filings show that Winkles Isabelle sold 10,000 shares of the company’s common stock on Aug 26 ’24 at a price of $45.15 per share for a total of $0.45 million. Following the sale, the insider now owns 0.22 million shares.
Braze Inc disclosed in a document filed with the SEC on Aug 26 ’24 that Kleeger Myles (Pres & CCO) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Aug 26 ’24 and was made at $45.65 per share for $2.28 million. Following the transaction, the insider now directly holds 0.2 million shares of the BRZE stock.
Still, SEC filings show that on Aug 26 ’24, MYLES R KLEEGER (Officer) Proposed Sale 60,000 shares at an average price of $44.86 for $2.69 million. The insider now directly holds shares of Braze Inc (BRZE).
