The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Braze Inc shares valued at $76,980 were sold by FERNANDEZ PHILLIP M on Mar 15 ’24. At $51.32 per share, FERNANDEZ PHILLIP M sold 1,500 shares. The insider’s holdings dropped to 11,056 shares worth approximately $0.56 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Kleeger Myles sold 6,874 shares, netting a total of over 390,924 in proceeds. Following the sale of shares at $56.87 each, the insider now holds 231,083 shares.
Before that, Magnuson William had sold 11,874 shares from its account. In a trade valued at $682,874, the Chief Executive Officer traded Braze Inc shares for $57.51 each. Upon closing the transaction, the insider’s holdings decreased to 11,874 shares, worth approximately $32.19 million.
As published in a research note from UBS on March 21, 2024, Braze Inc [BRZE] has been rated up from a Neutral to a Buy and the price target has been revised to $62. Analysts at BTIG Research resumed the stock at ‘”a Buy”‘ outlook in a report released in early December. As of October 24, 2023, DA Davidson has increased its “Neutral” rating to a “Buy” for BRZE. Earlier on September 05, 2023, Citigroup initiated its rating. Their recommendation was “a Buy” for BRZE stock.
Analyzing BRZE Stock Performance
During the last five days, there has been a drop of approximately -3.88%. Over the course of the year, Braze Inc shares have dropped approximately -4.80%. Shares of the company reached a 52-week high of $61.53 on 02/12/24 and a 52-week low of $47.38 on 01/05/24. A 50-day SMA is recorded $54.97, while a 200-day SMA reached $48.57. Nevertheless, trading volume fell to 1.52 million shares from 0.89 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 49.63, which, if violated, would cause prices to drop to 48.69. In the upper region, resistance lies at 51.18. The next price resistance is at 51.79. RSI (Relative Strength Index) is 40.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.49, which suggests the price will decrease in the coming days. Percent R is at 77.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Braze Inc subject to short interest?
Stocks of Braze Inc saw a sharp steep in short interest on Feb 29, 2024 dropping by -0.4 million shares to 4.48 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 4.88 million shares. A decline of -8.93% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.01 of the overall float, the days-to-cover ratio (short ratio) decline to 7.01.
