Insider Selling: FERNANDEZ PHILLIP M, Braze Inc [BRZE] Director divested 1,500 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Braze Inc shares valued at $80,025 were sold by FERNANDEZ PHILLIP M on Jan 16. At $53.35 per share, FERNANDEZ PHILLIP M sold 1,500 shares. The insider’s holdings dropped to 11,056 shares worth approximately $0.6 million following the completion of this transaction.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.
Sponsored

Also, Malik Pankaj sold 1,000 shares, netting a total of over 53,730 in proceeds. Following the sale of shares at $53.73 each, the insider now holds 77,853 shares.

Before that, Kleeger Myles had sold 15,000 shares from its account. In a trade valued at $746,747, the Pres & CCO traded Braze Inc shares for $49.78 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $9.28 million.

As published in a research note from BTIG Research on December 07, 2023, Braze Inc [BRZE] has been retained to a Buy and the price target has been revised to $75.

Analyzing BRZE Stock Performance

During the last five days, there has been a drop of approximately -2.52%. Over the course of the year, Braze Inc shares have jumped approximately 1.73%. Shares of the company reached a 52-week high of $57.58 on 01/29/24 and a 52-week low of $47.38 on 01/05/24. A 50-day SMA is recorded $53.40, while a 200-day SMA reached $43.94. Nevertheless, trading volume fell to 0.63 million shares from 0.53 million shares the previous day.

Support And Resistance Levels for Braze Inc (BRZE)

According to the 24-hour chart, there is a support level at 53.21, which, if violated, would cause prices to drop to 52.38. In the upper region, resistance lies at 55.29. The next price resistance is at 56.54. RSI (Relative Strength Index) is 51.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.37, which suggests the price will increase in the coming days. Percent R is at 41.59%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Braze Inc subject to short interest?

Stocks of Braze Inc saw a sharp rise in short interest on Jan 11, 2024 jumping by 0.62 million shares to 5.24 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2023 was 4.62 million shares. A jump of 11.83% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 7.03 of the overall float, the days-to-cover ratio (short ratio) jumped to 7.03.

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular