Braze Inc’s recent filing unveils that 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 $1.75 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.
Stifel initiated its Braze Inc [BRZE] rating to a Buy in a research note published on October 22, 2024; the price target was $37. A number of analysts have revised their coverage, including Scotiabank’s analysts, who increased its forecast for the stock in early July from “a Sector perform” to “a Sector outperform”. Oppenheimer also remained covering BRZE and reiterated its “an Outperform” recommendation on May 29, 2024. UBS revised its rating on March 21, 2024. It rated BRZE as “a Buy” which previously was an “a Neutral”.
Price Performance Review of BRZE
On Friday, Braze Inc [NASDAQ:BRZE] saw its stock jump 0.06% to $30.80. Over the last five days, the stock has gained 1.82%. Braze Inc shares have fallen nearly -42.03% since the year began. Nevertheless, the stocks have fallen -27.82% 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 $35.81, while 200 days put it at $42.89.
Levels Of Support And Resistance For BRZE Stock
The 24-hour chart illustrates a support level at 30.38, which if violated will result in even more drops to 29.96. On the upside, there is a resistance level at 31.36. A further resistance level may holdings at 31.92. The Relative Strength Index (RSI) on the 14-day chart is 41.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.94%. Stochastics %K at 48.86% 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 2024-10-15, dropping by -0.21 million shares to a total of 4.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.67 million shares. There was a decline of -4.81%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 07, 2023 when BTIG Research resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $75.
