In a filing, Braze Inc revealed its 10% Owner Lee Roger H unloaded Company’s shares for reported $1.72 million on Oct 11 ’24. In the deal valued at $30.27 per share,56,830 shares were sold. As a result of this transaction, Lee Roger H now holds 56,830 shares worth roughly $1.72 million.
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Then, Machado Fernando sold 1,377 shares, generating $42,205 in total proceeds. Upon selling the shares at $30.65, the Director now owns 8,937 shares.
Before that, Machado Fernando bought 1,377 shares. Braze Inc shares valued at $42,205 were divested by the Director at a price of $30.65 per share.
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 fall -0.03% to $30.25. Over the last five days, the stock has lost -1.50%. Braze Inc shares have fallen nearly -43.06% since the year began. Nevertheless, the stocks have fallen -35.00% 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 $36.81, while 200 days put it at $43.34.
Levels Of Support And Resistance For BRZE Stock
The 24-hour chart illustrates a support level at 29.91, which if violated will result in even more drops to 29.57. On the upside, there is a resistance level at 30.89. A further resistance level may holdings at 31.53. The Relative Strength Index (RSI) on the 14-day chart is 34.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.67%. Stochastics %K at 30.15% indicates the stock is a holding.
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.
