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Understanding the Risks of Investing in Braze Inc (BRZE)

Braze Inc’s filing revealed that its Chief Technology Officer Hyman Jonathan unloaded Company’s shares for reported $42440.0 on May 03 ’24. In the deal valued at $42.44 per share,1,000 shares were sold. As a result of this transaction, Hyman Jonathan now holds 183,258 shares worth roughly $7.65 million.

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Then, Winkles Isabelle sold 4,500 shares, generating $184,195 in total proceeds. Upon selling the shares at $40.93, the Chief Financial Officer now owns 258,681 shares.

Before that, FERNANDEZ PHILLIP M sold 1,500 shares. Braze Inc shares valued at $62,685 were divested by the Director at a price of $41.79 per share. As a result of the transaction, FERNANDEZ PHILLIP M now holds 11,056 shares, worth roughly $0.46 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 1.19% to $41.72. Over the last five days, the stock has lost -2.00%. Braze Inc shares have fallen nearly -21.48% since the year began. Nevertheless, the stocks have risen 38.84% over the past one year. While a 52-week high of $61.53 was reached on 02/12/24, a 52-week low of $28.92 was recorded on 04/19/24. SMA at 50 days reached $45.49, while 200 days put it at $48.43. A total of 0.83 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 41.26, which if violated will result in even more drops to 40.80. On the upside, there is a resistance level at 42.27. A further resistance level may holdings at 42.81. The Relative Strength Index (RSI) on the 14-day chart is 45.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.31%. Stochastics %K at 49.21% 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.

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