Braze Inc’s recent filing unveils that its Director Machado Fernando unloaded Company’s shares for reported $42205.0 on Oct 07 ’24. In the deal valued at $30.65 per share,1,377 shares were sold. As a result of this transaction, Machado Fernando now holds 8,937 shares worth roughly $0.27 million.
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Then, Machado Fernando bought 1,377 shares, generating $42,205 in total proceeds.
Before that, Winkles Isabelle sold 4,500 shares. Braze Inc shares valued at $144,540 were divested by the Chief Financial Officer at a price of $32.12 per share. As a result of the transaction, Winkles Isabelle now holds 216,208 shares, worth roughly $6.64 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 Friday, Braze Inc [NASDAQ:BRZE] saw its stock jump 2.61% to $30.71. Over the last five days, the stock has lost -1.19%. Braze Inc shares have fallen nearly -42.20% since the year began. Nevertheless, the stocks have fallen -35.74% over the past one year. While a 52-week high of $61.53 was reached on 02/12/24, a 52-week low of $29.18 was recorded on 10/10/24. SMA at 50 days reached $37.53, while 200 days put it at $43.87.
Levels Of Support And Resistance For BRZE Stock
The 24-hour chart illustrates a support level at 30.03, which if violated will result in even more drops to 29.36. On the upside, there is a resistance level at 31.08. A further resistance level may holdings at 31.46. The Relative Strength Index (RSI) on the 14-day chart is 33.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.71%. Stochastics %K at 14.14% 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 2024-09-30, growing by 0.36 million shares to a total of 5.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.66 million shares. There was a rise of 7.12%, which implies that there is a positive sentiment for the stock.
