Braze Inc’s recently made public that its Officer Malik Pankaj acquired Company’s shares for reported $0.17 million on Jan 06 ’25. In the deal valued at $45.77 per share,3,700 shares were bought.
Then, SUSAN WISEMAN bought 30,000 shares, generating $1,346,100 in total proceeds.
Before that, MYLES R KLEEGER bought 20,000 shares. Braze Inc shares valued at $897,400 were divested by the Officer at a price of $44.87 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 Monday, Braze Inc [NASDAQ:BRZE] saw its stock jump 1.60% to $45.59. Over the last five days, the stock has gained 6.27%. Braze Inc shares have risen nearly 8.86% since the year began. Nevertheless, the stocks have fallen -4.90% over the past one year. While a 52-week high of $61.53 was reached on 01/06/25, a 52-week low of $29.18 was recorded on 01/02/25. SMA at 50 days reached $38.65, while 200 days put it at $38.99.
Levels Of Support And Resistance For BRZE Stock
The 24-hour chart illustrates a support level at 44.54, which if violated will result in even more drops to 43.50. On the upside, there is a resistance level at 46.63. A further resistance level may holdings at 47.68. The Relative Strength Index (RSI) on the 14-day chart is 66.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.19%. Stochastics %K at 68.45% 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 2024-11-15, dropping by -1.21 million shares to a total of 3.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.46 million shares. There was a decline of -37.37%, which implies that there is a negative sentiment for the stock.
