Braze Inc (NASDAQ: BRZE) is 3.99% higher on its value in year-to-date trading and has touched a low of $29.18 and a high of $61.53 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BRZE stock was last observed hovering at around $42.60 in the last trading session, with the day’s gains setting it 0.95%.
Currently trading at $43.55, the stock is -1.74% and 1.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing 2.23% at the moment leaves the stock 11.71% off its SMA200. BRZE registered -22.50% loss for a year compared to 6-month gain of 17.77%. The firm has a 50-day simple moving average (SMA 50) of $42.7644 and a 200-day simple moving average (SMA200) of $38.964.
The stock witnessed a -2.94% loss in the last 1 month and extending the period to 3 months gives it a 37.51%, and is -5.24% 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 4.99% over the week and 4.03% over the month.
Braze Inc (BRZE) has around 1548 employees, a market worth around $4.51B and $563.97M in sales. Fwd P/E is 152.90. Profit margin for the company is -20.36%. Distance from 52-week low is 49.25% and -29.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.59%).
with sales reaching $155.72M over the same period.The EPS is expected to grow by 144.16% this year, but quarterly earnings will post 24.77% year-over-year. Quarterly sales are estimated to grow 18.91% in year-over-year returns.
307.0 institutions hold shares in Braze Inc (BRZE), with institutional investors hold 92.12% of the company’s shares. The shares outstanding are 82.53M, and float is at 70.66M with Short Float at 5.57%. Institutions hold 81.52% 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 Wiseman Susan, the company’s General Counsel. SEC filings show that Wiseman Susan sold 10,000 shares of the company’s common stock on Jan 27 ’25 at a price of $47.22 per share for a total of $0.47 million. Following the sale, the insider now owns 0.19 million shares.
Braze Inc disclosed in a document filed with the SEC on Jan 15 ’25 that FERNANDEZ PHILLIP M (Director) sold a total of 1,500 shares of the company’s common stock. The trade occurred on Jan 15 ’25 and was made at $43.13 per share for $64695.0. Following the transaction, the insider now directly holds 15269.0 shares of the BRZE stock.
Still, SEC filings show that on Jan 06 ’25, Malik Pankaj (Chief Accounting Officer) disposed off 3,700 shares at an average price of $45.77 for $0.17 million. The insider now directly holds 54,784 shares of Braze Inc (BRZE).
