Braze Inc’s recent filing unveils that its General Counsel Wiseman Susan unloaded Company’s shares for reported $0.33 million on Apr 04 ’24. In the deal valued at $43.06 per share,7,600 shares were sold. As a result of this transaction, Wiseman Susan now holds 206,358 shares worth roughly $8.97 million.
Then, FERNANDEZ PHILLIP M sold 1,500 shares, generating $76,980 in total proceeds. Upon selling the shares at $51.32, the Director now owns 11,056 shares.
Before that, Kleeger Myles sold 6,874 shares. Braze Inc shares valued at $390,924 were divested by the Pres & CCO at a price of $56.87 per share. As a result of the transaction, Kleeger Myles now holds 231,083 shares, worth roughly $10.04 million.
UBS upgraded its Braze Inc [BRZE] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including BTIG Research’s analysts, who remained covering the stock and in early December has reiterated a ‘”a Buy”‘ rating for it. DA Davidson also remained covering BRZE and has increased its forecast on October 24, 2023 with a “Buy” recommendation from previously “Neutral” rating. Citigroup started covering the stock on September 05, 2023. It rated BRZE as “a Buy”.
Price Performance Review of BRZE
On Monday, Braze Inc [NASDAQ:BRZE] saw its stock jump 0.72% to $43.46. Over the last five days, the stock has gained 1.38%. Braze Inc shares have fallen nearly -18.20% since the year began. Nevertheless, the stocks have risen 25.50% over the past one year. While a 52-week high of $61.53 was reached on 02/12/24, a 52-week low of $25.76 was recorded on 04/02/24. SMA at 50 days reached $53.35, while 200 days put it at $48.62. A total of 0.89 million shares were traded, compared to the trading of 1.38 million shares in the previous session.
Levels Of Support And Resistance For BRZE Stock
The 24-hour chart illustrates a support level at 42.89, which if violated will result in even more drops to 42.32. On the upside, there is a resistance level at 43.90. A further resistance level may holdings at 44.33. The Relative Strength Index (RSI) on the 14-day chart is 31.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.26%. Stochastics %K at 14.50% indicates the stock is a buying.
How much short interest is there in Braze Inc?
A steep rise in short interest was recorded in Braze Inc stocks on Mar 15, 2024, dropping by -0.48 million shares to a total of 4.21 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.69 million shares. There was a decline of -11.4%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.34% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.54.
The most recent change occurred on August 31, 2023 when BTIG Research resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $50.
