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Tuesday, December 5, 2023

Momentum Is Strong For Braze Inc (NASDAQ: BRZE)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Braze Inc (BRZE) shows that investor sentiment remained same, with the stock’s consolidated last price to $50.05. The Braze Inc has recorded 12,733 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Braze to Report Third Quarter Fiscal 2024 Results.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $50.05 and fluctuated between $50.41 as its day high and $48.70 as its day low. The current market capitalization of Braze Inc is $4.92B. A total of 0.55 million shares were traded on the day, compared to an average of 833.83K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, BRZE has seen 2 BUY and 12 SELL insider trades, representing the acquisition of 470 and the disposition of 2,059,242 shares. Over the last 12 months, there were 24 BUYs and 59 SELLs from insiders. Insiders purchased 1,391,097 shares during that period but sold 7,680,867.

In the most recent transaction, Hyman Jonathan sold 16,809 shares of BRZE for 50.10 per share on Nov 15. After the transaction, the Chief Technology Officer now owns 133,424 company shares. In a previous transaction on Nov 15, FERNANDEZ PHILLIP M sold 1,500 shares at 49.05 per share. BRZE shares that Director owns now total 11,056.

Among the insiders who sold shares, Kleeger Myles disposed of 15,000 shares on Nov 14 at a per-share price of $48.75. This resulted in the Pres & CCO holding 184,918 shares of BRZE after the transaction. In another insider transaction, Winkles Isabelle sold 5,000 shares at $42.29 per share on Nov 01. Company shares held by the Chief Financial Officer now total 213,542.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for BRZE in the last 3 months, the mean price target is $56.29 with high estimates of $65.00 and low estimates of $51.00. In terms of 52-week highs and lows, BRZE has a high of $50.37 and a low of $23.10.

As of this writing, BRZE has an earnings estimate of $Backblaze, Inc. per share for the current quarter. EPS was calculated based on a consensus of Braze, Inc. estimates, with a high estimate of $Breeze Holdings Acquisition Cor per share and a lower estimate of $Direxion Daily Brazil Bull 2X S.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. BRZE’s latest balance sheet shows that the firm has $514.09M in Cash & Short Term Investments as of fiscal 2022. Its Book Value Per Share was $4.48, while its Total Shareholder’s Equity was $504.82M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BRZE is Buy with a score of 4.65.

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