In a filing, Braze Inc revealed its Officer ISABELLE WINKLES acquired Company’s shares for reported $0.32 million on Oct 01 ’24. In the deal valued at $32.34 per share,10,000 shares were bought.
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Then, Wiseman Susan sold 3,447 shares, generating $151,668 in total proceeds. Upon selling the shares at $44.00, the General Counsel now owns 206,930 shares.
Before that, Winkles Isabelle sold 4,500 shares. Braze Inc shares valued at $195,342 were divested by the Chief Financial Officer at a price of $43.41 per share. As a result of the transaction, Winkles Isabelle now holds 216,208 shares, worth roughly $6.97 million.
Scotiabank upgraded its Braze Inc [BRZE] rating to a Sector outperform from a a Sector perform in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in late May has reiterated a ‘”an Outperform”‘ rating for it. UBS also remained covering BRZE and has increased its forecast on March 21, 2024 with a “Buy” recommendation from previously “Neutral” rating. BTIG Research maintained its rating on December 07, 2023. It rated BRZE as “a Buy”.
Price Performance Review of BRZE
On Tuesday, Braze Inc [NASDAQ:BRZE] saw its stock fall -0.28% to $32.25. Over the last five days, the stock has lost -1.19%. Braze Inc shares have fallen nearly -39.30% since the year began. Nevertheless, the stocks have fallen -30.99% over the past one year. While a 52-week high of $61.53 was reached on 02/12/24, a 52-week low of $31.80 was recorded on 10/01/24. SMA at 50 days reached $39.34, while 200 days put it at $44.80.
Levels Of Support And Resistance For BRZE Stock
The 24-hour chart illustrates a support level at 31.85, which if violated will result in even more drops to 31.45. On the upside, there is a resistance level at 32.57. A further resistance level may holdings at 32.89. The Relative Strength Index (RSI) on the 14-day chart is 32.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.05%. Stochastics %K at 16.94% indicates the stock is a buying.
How much short interest is there in Braze Inc?
A steep rise in short interest was recorded in Braze Inc stocks on 2024-09-13, dropping by 14497.0 shares to a total of 4.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.69 million shares. There was a decline of -0.31%, which implies that there is a negative sentiment for the stock.
