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 $1,720,244 were sold by Lee Roger H on Oct 11 ’24. At $30.27 per share, Lee Roger H sold 56,830 shares. The insider’s holdings dropped to 56,830 shares worth approximately $1.71 million following the completion of this transaction.
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Also, Machado Fernando sold 1,377 shares, netting a total of over 42,205 in proceeds. Following the sale of shares at $30.65 each, the insider now holds 8,937 shares.
Before that, Machado Fernando had added 1,377 shares to its account. In a trade valued at $42,205, the Director bought Braze Inc shares for $30.65 each.
As published in their initiating research note from Stifel on October 22, 2024, Braze Inc [BRZE] has been a Buy and the price target has been revised to $37. Analysts at Scotiabank upgraded the stock from ‘”a Sector perform”‘ to ‘”a Sector outperform”‘ outlook in a report released in early July. As of May 29, 2024, Oppenheimer has reiterated its “an Outperform” rating for BRZE. Earlier on March 21, 2024, UBS upgraded its rating. Their new recommendation was “a Buy” for BRZE stock which previously was a “a Neutral”.
Analyzing BRZE Stock Performance
During the last five days, there has been a drop of approximately -2.09%. Over the course of the year, Braze Inc shares have dropped approximately -43.44%. Shares of the company reached a 52-week high of $61.53 on 02/12/24 and a 52-week low of $29.18 on 10/10/24. A 50-day SMA is recorded $36.22, while a 200-day SMA reached $43.08. Nevertheless, trading volume fell to 1.72 million shares from 0.94 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 29.50, which, if violated, would cause prices to drop to 28.96. In the upper region, resistance lies at 30.89. The next price resistance is at 31.74. RSI (Relative Strength Index) is 36.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.11, which suggests the price will decrease in the coming days. Percent R is at 68.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
