NEW YORK— Braze , Inc. (NASDAQ:BRZE) Chief Financial Officer Isabelle Winkles recently sold 4,500 shares of the company's Class A Common Stock. The shares were sold at an average price of $39.48, resulting in a total transaction value of approximately $177,660. According to InvestingPro data, the stock has shown strong momentum with an 8.8% gain in the past week, though technical indicators suggest it may be in overbought territory.
Following this transaction, Winkles holds 199,785 shares directly. The shares were sold as part of a pre-arranged trading plan under Rule 10b5-1, adopted earlier this year on January 11, 2024.
In addition to the sale, Winkles exercised stock options for 4,500 shares of Class B Common Stock, which were converted into Class A Common Stock. The exercise price for these options was $4.88 per share.
Braze, Inc. is a company specializing in prepackaged software services, with its headquarters located in New York, NY.
In other recent news, Braze Inc. reported a 26% increase in its fiscal second quarter 2025 revenue, reaching $145.5 million, and added 61 new customers, bringing the total to 2,163. The company's third quarter revenue is projected to be between $147.5 million and $148.5 million, with full fiscal year 2025 revenue expected to be between $582.5 million and $585.5 million. Stifel initiated coverage on Braze, giving the stock a Buy rating and setting a price target of $37.00. DA Davidson and BTIG also maintained their Buy ratings, with price targets of $55 and $62 respectively, citing the company's growth potential and strong demand for its services. JPMorgan kept its Overweight rating, emphasizing Braze's competitive edge over traditional marketing stacks, while Goldman Sachs reaffirmed its Buy rating, expressing confidence in Braze's long-term growth prospects. These are recent developments that provide investors with a snapshot of the company's performance and analysts' outlook.
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