Vanguard Group Inc. Has $337.79 Million Position in Braze, Inc. $BRZE

Vanguard Group Inc. raised its stake in Braze, Inc. (NASDAQ:BRZE) by 10.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,851,050 shares of the company’s stock after acquiring an additional 892,635 shares during the period. Vanguard Group Inc. owned about 0.09% of Braze worth $337,793,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BRZE. NBC Securities Inc. bought a new stake in shares of Braze in the 4th quarter valued at about $27,000. Osaic Holdings Inc. grew its position in shares of Braze by 821.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after buying an additional 1,404 shares during the last quarter. Quarry LP acquired a new stake in Braze during the third quarter worth approximately $46,000. Clearstead Advisors LLC grew its stake in Braze by 58.2% during the third quarter. Clearstead Advisors LLC now owns 1,685 shares of the company’s stock worth $48,000 after purchasing an additional 620 shares during the period. Finally, SBI Securities Co. Ltd. boosted its holdings in Braze by 34.3% in the third quarter. SBI Securities Co. Ltd. now owns 1,843 shares of the company’s stock worth $52,000 after acquiring an additional 471 shares in the last quarter. Institutional investors own 90.47% of the company’s stock.

Analyst Ratings Changes

BRZE has been the topic of several recent research reports. DA Davidson cut their price target on Braze from $42.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, March 20th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price target on shares of Braze in a report on Wednesday, March 25th. Mizuho dropped their target price on Braze from $50.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, March 25th. Citigroup dropped their target price on Braze from $53.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Finally, UBS Group dropped their target price on Braze from $43.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Twenty-two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.90.

Insider Buying and Selling at Braze

In related news, CTO Jonathan Hyman sold 7,391 shares of Braze stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $16.93, for a total transaction of $125,129.63. Following the sale, the chief technology officer directly owned 1,692,933 shares in the company, valued at approximately $28,661,355.69. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Susan Wiseman sold 35,000 shares of Braze stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $20.29, for a total value of $710,150.00. Following the sale, the general counsel owned 209,424 shares in the company, valued at $4,249,212.96. This trade represents a 14.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 95,676 shares of company stock valued at $1,737,811 in the last ninety days. 18.20% of the stock is owned by corporate insiders.

Braze Stock Up 3.0%

BRZE stock opened at $22.60 on Friday. Braze, Inc. has a twelve month low of $15.26 and a twelve month high of $37.67. The stock’s 50 day moving average is $21.19 and its 200-day moving average is $25.10. The firm has a market capitalization of $2.56 billion, a PE ratio of -18.52 and a beta of 0.78.

Braze (NASDAQ:BRZE) last issued its quarterly earnings results on Tuesday, March 24th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The business had revenue of $205.17 million for the quarter, compared to the consensus estimate of $198.23 million. Braze had a negative return on equity of 18.75% and a negative net margin of 17.78%.The business’s revenue was up 27.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 earnings per share. On average, equities research analysts anticipate that Braze, Inc. will post -0.87 earnings per share for the current fiscal year.

About Braze

Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.

The core functionality of Braze’s platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.