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 (NYSE:JPM) kept its Overweight rating, emphasizing Braze's competitive edge over traditional marketing stacks, while Goldman Sachs (NYSE:GS) 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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