Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Braze Inc shares valued at $64,695 were sold by FERNANDEZ PHILLIP M on Jan 15 ’25. At $43.13 per share, FERNANDEZ PHILLIP M sold 1,500 shares. The insider’s holdings dropped to 15,269 shares worth approximately $0.68 million following the completion of this transaction.
Also, Malik Pankaj sold 3,700 shares, netting a total of over 169,349 in proceeds. Following the sale of shares at $45.77 each, the insider now holds 54,784 shares.
Before that, Wiseman Susan had sold 14,000 shares from its account. In a trade valued at $637,303, the General Counsel traded Braze Inc shares for $45.52 each. Upon closing the transaction, the insider’s holdings decreased to 14,000 shares, worth approximately $8.88 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 6.38%. Over the course of the year, Braze Inc shares have jumped approximately 6.33%. Shares of the company reached a 52-week high of $46.63 on 01/06/25 and a 52-week low of $40.55 on 01/14/25. A 50-day SMA is recorded $41.03, while a 200-day SMA reached $38.82. Nevertheless, trading volume fell to 0.47 million shares from 0.68 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 44.08, which, if violated, would cause prices to drop to 43.63. In the upper region, resistance lies at 45.31. The next price resistance is at 46.09. RSI (Relative Strength Index) is 57.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.85, which suggests the price will decrease in the coming days. Percent R is at 34.54%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
