Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Braze Inc shares valued at $62,685 were sold by FERNANDEZ PHILLIP M on Apr 15 ’24. At $41.79 per share, FERNANDEZ PHILLIP M sold 1,500 shares. The insider’s holdings dropped to 11,056 shares worth approximately $0.46 million following the completion of this transaction.
Also, Winkles Isabelle sold 20,000 shares, netting a total of over 843,601 in proceeds. Following the sale of shares at $42.18 each, the insider now holds 258,681 shares.
Before that, Machado Fernando had sold 2,361 shares from its account. In a trade valued at $100,248, the Director traded Braze Inc shares for $42.46 each. Upon closing the transaction, the insider’s holdings decreased to 2,361 shares, worth approximately $0.25 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 surge of approximately 4.92%. Over the course of the year, Braze Inc shares have dropped approximately -22.49%. Shares of the company reached a 52-week high of $61.53 on 02/12/24 and a 52-week low of $38.58 on 04/19/24. A 50-day SMA is recorded $49.28, while a 200-day SMA reached $48.55. Nevertheless, trading volume fell to 0.54 million shares from 0.65 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 40.65, which, if violated, would cause prices to drop to 40.13. In the upper region, resistance lies at 41.44. The next price resistance is at 41.71. RSI (Relative Strength Index) is 37.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.00, which suggests the price will decrease in the coming days. Percent R is at 50.67%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
