From MarketBeat:

Braze, Inc. (NASDAQ:BRZE) has seen a significant drop in short interest, with 4,620,000 shares shorted as of December 15th, a 7.2% decrease from the previous month. Insiders, including CTO Jonathan Hyman and CAO Pankaj Malik, have also been selling off company stock. Institutional investors have made significant changes to their positions in BRZE, and the stock is down 2.6% on the NASDAQ market. The company reported positive earnings results, but analysts have mixed opinions on the stock, with a consensus rating of “Moderate Buy” and an average price target of $63.65. Braze operates a customer engagement platform worldwide and offers various data ingestion products and services.

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Read more: Short Interest in Braze, Inc. (NASDAQ:BRZE) Drops By 7.2%