Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Braze Inc shares valued at $142,785 were sold by Winkles Isabelle on Nov 01 ’24. At $31.73 per share, Winkles Isabelle sold 4,500 shares. The insider’s holdings dropped to 216,208 shares worth approximately $7.89 million following the completion of this transaction.
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Also, Lee Roger H sold 56,830 shares, netting a total of over 1,720,244 in proceeds. Following the sale of shares at $30.27 each, the insider now holds 56,830 shares.
Before that, Machado Fernando had sold 1,377 shares from its account. In a trade valued at $42,205, the Director traded Braze Inc shares for $30.65 each. Upon closing the transaction, the insider’s holdings decreased to 1,377 shares, worth approximately $0.33 million.
As published in their initiating research note from Macquarie on October 31, 2024, Braze Inc [BRZE] has been a Neutral and the price target has been revised to $30. Analysts at Stifel started covering the stock with ‘”a Buy”‘ outlook in a report released in late October. As of July 10, 2024, Scotiabank has increased its “Sector perform” rating to a “Sector outperform” for BRZE. Earlier on May 29, 2024, Oppenheimer resumed its rating. Their recommendation was “an Outperform” for BRZE stock.
Analyzing BRZE Stock Performance
During the last five days, there has been a surge of approximately 4.20%. Over the course of the year, Braze Inc shares have dropped approximately -31.32%. 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 $32.84, while a 200-day SMA reached $41.42. Nevertheless, trading volume fell to 1.76 million shares from 0.69 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 35.80, which, if violated, would cause prices to drop to 35.12. In the upper region, resistance lies at 36.99. The next price resistance is at 37.50. RSI (Relative Strength Index) is 69.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.70, which suggests the price will increase in the coming days. Percent R is at 10.02%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
