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 $230,832 were sold by Wiseman Susan on Jul 17 ’24. At $42.00 per share, Wiseman Susan sold 5,496 shares. The insider’s holdings dropped to 221,840 shares worth approximately $8.53 million following the completion of this transaction.
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Also, FERNANDEZ PHILLIP M sold 10,000 shares, netting a total of over 402,400 in proceeds. Following the sale of shares at $40.24 each, the insider now holds 15,269 shares.
Before that, FERNANDEZ PHILLIP M had sold 1,500 shares from its account. In a trade valued at $60,000, the Director traded Braze Inc shares for $40.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $0.59 million.
As published in a research note from Scotiabank on July 10, 2024, Braze Inc [BRZE] has been rated up from a Sector perform to a Sector outperform and the price target has been revised to $56. Analysts at Oppenheimer resumed the stock at ‘”an Outperform”‘ outlook in a report released in late May. As of March 21, 2024, UBS has increased its “Neutral” rating to a “Buy” for BRZE. Earlier on December 07, 2023, BTIG Research resumed its rating. Their recommendation was “a Buy” for BRZE stock.
Analyzing BRZE Stock Performance
During the last five days, there has been a drop of approximately -7.05%. Over the course of the year, Braze Inc shares have dropped approximately -27.59%. Shares of the company reached a 52-week high of $61.53 on 02/12/24 and a 52-week low of $33.93 on 06/21/24. A 50-day SMA is recorded $38.77, while a 200-day SMA reached $47.05. Nevertheless, trading volume fell to 0.71 million shares from 0.6 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 37.60, which, if violated, would cause prices to drop to 36.74. In the upper region, resistance lies at 40.04. The next price resistance is at 41.62. RSI (Relative Strength Index) is 47.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 76.91%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.
