Braze Inc’s recent filing unveils that its Chief Financial Officer Winkles Isabelle unloaded Company’s shares for reported $0.14 million on Nov 01 ’24. In the deal valued at $31.73 per share,4,500 shares were sold. As a result of this transaction, Winkles Isabelle now holds 216,208 shares worth roughly $7.73 million.
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Then, Lee Roger H sold 56,830 shares, generating $1,720,244 in total proceeds. Upon selling the shares at $30.27, the 10% Owner now owns 56,830 shares.
Before that, Machado Fernando sold 1,377 shares. Braze Inc shares valued at $42,205 were divested by the Director at a price of $30.65 per share. As a result of the transaction, Machado Fernando now holds 8,937 shares, worth roughly $0.32 million.
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 Monday, Braze Inc [NASDAQ:BRZE] saw its stock jump 3.30% to $35.73. Over the last five days, the stock has gained 12.50%. Braze Inc shares have fallen nearly -32.75% since the year began. Nevertheless, the stocks have fallen -21.26% 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 $33.27, while 200 days put it at $41.72.
Levels Of Support And Resistance For BRZE Stock
The 24-hour chart illustrates a support level at 34.94, which if violated will result in even more drops to 34.16. On the upside, there is a resistance level at 36.14. A further resistance level may holdings at 36.56. The Relative Strength Index (RSI) on the 14-day chart is 67.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.78, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.67%. Stochastics %K at 95.48% indicates the stock is a selling.
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.
