Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Braze Inc shares valued at $166,556 were sold by Winkles Isabelle on Jun 03 ’24. At $37.01 per share, Winkles Isabelle sold 4,500 shares. The insider’s holdings dropped to 242,135 shares worth approximately $8.36 million following the completion of this transaction.
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Also, Kleeger Myles sold 6,344 shares, netting a total of over 270,762 in proceeds. Following the sale of shares at $42.68 each, the insider now holds 215,518 shares.
Before that, Winkles Isabelle had sold 4,096 shares from its account. In a trade valued at $174,817, the Chief Financial Officer traded Braze Inc shares for $42.68 each. Upon closing the transaction, the insider’s holdings decreased to 4,096 shares, worth approximately $8.36 million.
As published in a research note from Oppenheimer on May 29, 2024, Braze Inc [BRZE] has been retained to an Outperform and the price target has been revised to $60. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late March. As of December 07, 2023, BTIG Research has reiterated its “Buy” rating for BRZE. Earlier on October 24, 2023, DA Davidson upgraded its rating. Their new recommendation was “a Buy” for BRZE stock which previously was a “a Neutral”.
Analyzing BRZE Stock Performance
During the last five days, there has been a drop of approximately -8.12%. Over the course of the year, Braze Inc shares have dropped approximately -35.05%. Shares of the company reached a 52-week high of $61.53 on 02/12/24 and a 52-week low of $34.15 on 06/20/24. A 50-day SMA is recorded $39.91, while a 200-day SMA reached $47.95. Nevertheless, trading volume fell to 0.9 million shares from 1.54 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 34.11, which, if violated, would cause prices to drop to 33.71. In the upper region, resistance lies at 34.95. The next price resistance is at 35.38. RSI (Relative Strength Index) is 28.77 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.26, which suggests the price will decrease in the coming days. Percent R is at 95.14%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
