Braze Inc’s filing revealed that its Chief Accounting Officer Malik Pankaj unloaded 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 sold. As a result of this transaction, Malik Pankaj now holds 54,784 shares worth roughly $2.34 million.
Then, Wiseman Susan sold 14,000 shares, generating $637,303 in total proceeds. Upon selling the shares at $45.52, the General Counsel now owns 199,520 shares.
Before that, Kleeger Myles sold 10,000 shares. Braze Inc shares valued at $454,300 were divested by the Pres & CCO at a price of $45.43 per share. As a result of the transaction, Kleeger Myles now holds 184,396 shares, worth roughly $7.86 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 Friday, Braze Inc [NASDAQ:BRZE] saw its stock fall -3.44% to $42.63. Over the last five days, the stock has lost -1.75%. Braze Inc shares have risen nearly 1.79% since the year began. Nevertheless, the stocks have fallen -14.64% 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 $39.43, while 200 days put it at $38.87.
Levels Of Support And Resistance For BRZE Stock
The 24-hour chart illustrates a support level at 41.98, which if violated will result in even more drops to 41.33. On the upside, there is a resistance level at 43.31. A further resistance level may holdings at 43.99. The Relative Strength Index (RSI) on the 14-day chart is 51.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.80%. Stochastics %K at 44.90% 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.
