Braze Inc’s recent filing unveils that its Chief Financial Officer Winkles Isabelle unloaded Company’s shares for reported $0.84 million on Apr 12 ’24. In the deal valued at $42.18 per share,20,000 shares were sold. As a result of this transaction, Winkles Isabelle now holds 258,681 shares worth roughly $10.46 million.
Then, Winkles Isabelle sold 8,383 shares, generating $358,784 in total proceeds. Upon selling the shares at $42.80, the Chief Financial Officer now owns 278,681 shares.
Before that, Wiseman Susan sold 7,600 shares. Braze Inc shares valued at $327,256 were divested by the General Counsel at a price of $43.06 per share. As a result of the transaction, Wiseman Susan now holds 206,358 shares, worth roughly $8.34 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 fall -3.42% to $40.43. Over the last five days, the stock has lost -6.97%. Braze Inc shares have fallen nearly -23.90% since the year began. Nevertheless, the stocks have risen 22.52% 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 04/15/24. SMA at 50 days reached $52.02, while 200 days put it at $48.65. A total of 1.45 million shares were traded, compared to the trading of 0.61 million shares in the previous session.
Levels Of Support And Resistance For BRZE Stock
The 24-hour chart illustrates a support level at 39.78, which if violated will result in even more drops to 39.14. On the upside, there is a resistance level at 41.44. A further resistance level may holdings at 42.45. The Relative Strength Index (RSI) on the 14-day chart is 28.49, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.47%. Stochastics %K at 9.88% indicates the stock is a buying.
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.
