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 $1.8 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.
Macquarie initiated its Braze Inc [BRZE] rating to a Neutral in a research note published on October 31, 2024; the price target was $30. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in late October with a ‘”a Buy”‘ rating. Scotiabank also remained covering BRZE and has increased its forecast on July 10, 2024 with a “Sector outperform” recommendation from previously “Sector perform” rating. Oppenheimer maintained its rating on May 29, 2024. It rated BRZE as “an Outperform”.
Price Performance Review of BRZE
On Friday, Braze Inc [NASDAQ:BRZE] saw its stock jump 0.67% to $31.67. Over the last five days, the stock has gained 2.82%. Braze Inc shares have fallen nearly -40.39% since the year began. Nevertheless, the stocks have fallen -25.74% 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 $34.62, while 200 days put it at $42.35.
Levels Of Support And Resistance For BRZE Stock
The 24-hour chart illustrates a support level at 31.23, which if violated will result in even more drops to 30.79. On the upside, there is a resistance level at 32.18. A further resistance level may holdings at 32.69. The Relative Strength Index (RSI) on the 14-day chart is 47.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.37%. Stochastics %K at 72.07% 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.
