Braze Inc’s recent filing unveils that its Chief Accounting Officer Malik Pankaj unloaded Company’s shares for reported $86273.0 on Jun 28 ’24. In the deal valued at $38.14 per share,2,262 shares were sold. As a result of this transaction, Malik Pankaj now holds 74,361 shares worth roughly $2.94 million.
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Then, Malik Pankaj sold 2,618 shares, generating $92,232 in total proceeds. Upon selling the shares at $35.23, the Chief Accounting Officer now owns 76,623 shares.
Before that, Winkles Isabelle sold 4,500 shares. Braze Inc shares valued at $166,556 were divested by the Chief Financial Officer at a price of $37.01 per share. As a result of the transaction, Winkles Isabelle now holds 242,135 shares, worth roughly $9.56 million.
Oppenheimer reiterated its Braze Inc [BRZE] rating to an Outperform in a research note published on May 29, 2024; the price target was $60. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in late March from “a Neutral” to “a Buy”. BTIG Research also remained covering BRZE and reiterated its “Buy” recommendation on December 07, 2023. DA Davidson revised its rating on October 24, 2023. It rated BRZE as “a Buy” which previously was an “a Neutral”.
Price Performance Review of BRZE
On Tuesday, Braze Inc [NASDAQ:BRZE] saw its stock jump 0.15% to $39.47. Over the last five days, the stock has gained 12.10%. Braze Inc shares have fallen nearly -25.71% since the year began. Nevertheless, the stocks have fallen -9.87% over the past one year. While a 52-week high of $61.53 was reached on 02/12/24, a 52-week low of $33.93 was recorded on 06/21/24. SMA at 50 days reached $39.35, while 200 days put it at $47.53. A total of 0.73 million shares were traded, compared to the trading of 1.11 million shares in the previous session.
Levels Of Support And Resistance For BRZE Stock
The 24-hour chart illustrates a support level at 38.99, which if violated will result in even more drops to 38.50. On the upside, there is a resistance level at 39.97. A further resistance level may holdings at 40.46. The Relative Strength Index (RSI) on the 14-day chart is 59.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.43%. Stochastics%K at 95.55% indicates the stock is a selling.
The most recent change occurred on September 05, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $60 price target.
