Braze Inc’s recent filing unveils that its Director FERNANDEZ PHILLIP M unloaded Company’s shares for reported $62685.0 on Apr 15 ’24. In the deal valued at $41.79 per share,1,500 shares were sold. As a result of this transaction, FERNANDEZ PHILLIP M now holds 11,056 shares worth roughly $0.48 million.
Then, Winkles Isabelle sold 20,000 shares, generating $843,601 in total proceeds. Upon selling the shares at $42.18, the Chief Financial Officer now owns 258,681 shares.
Before that, Machado Fernando sold 2,361 shares. Braze Inc shares valued at $100,248 were divested by the Director at a price of $42.46 per share. As a result of the transaction, Machado Fernando now holds 6,101 shares, worth roughly $0.26 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 3.67% to $43.24. Over the last five days, the stock has gained 8.97%. Braze Inc shares have fallen nearly -18.61% since the year began. Nevertheless, the stocks have risen 40.25% 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 04/19/24. SMA at 50 days reached $48.60, while 200 days put it at $48.53. A total of 0.69 million shares were traded, compared to the trading of 0.66 million shares in the previous session.
Levels Of Support And Resistance For BRZE Stock
The 24-hour chart illustrates a support level at 42.30, which if violated will result in even more drops to 41.37. On the upside, there is a resistance level at 43.78. A further resistance level may holdings at 44.33. The Relative Strength Index (RSI) on the 14-day chart is 47.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.32%. Stochastics %K at 68.46% indicates the stock is a holding.
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.
