Amundi Has $1.33 Million Position in Braze, Inc. (NASDAQ:BRZE)

Amundi lessened its holdings in Braze, Inc. (NASDAQ:BRZE) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,126 shares of the company’s stock after selling 1,452 shares during the period. Amundi’s holdings in Braze were worth $1,330,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRZE. SBI Securities Co. Ltd. bought a new stake in shares of Braze in the 4th quarter valued at approximately $47,000. KBC Group NV raised its stake in Braze by 41.5% during the third quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after acquiring an additional 615 shares in the last quarter. Plato Investment Management Ltd bought a new position in shares of Braze during the fourth quarter valued at $115,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Braze in the 4th quarter valued at $165,000. Finally, Moody National Bank Trust Division bought a new stake in shares of Braze in the 4th quarter worth about $233,000. Institutional investors own 90.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on BRZE shares. DA Davidson reduced their price target on shares of Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. Oppenheimer reissued an “outperform” rating and issued a $51.00 target price on shares of Braze in a report on Tuesday, December 10th. Citigroup raised their price target on Braze from $47.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Macquarie boosted their price objective on Braze from $30.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 11th. Finally, William Blair restated an “outperform” rating on shares of Braze in a research note on Thursday, December 19th. One research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.74.

Braze Stock Down 1.9 %

BRZE stock opened at $35.49 on Wednesday. Braze, Inc. has a twelve month low of $29.18 and a twelve month high of $55.47. The company has a market cap of $3.67 billion, a P/E ratio of -31.13 and a beta of 1.17. The business’s fifty day moving average is $40.63 and its 200-day moving average is $38.16.

Insider Activity at Braze

In other Braze news, CEO William Magnuson sold 18,050 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $40.82, for a total value of $736,801.00. Following the sale, the chief executive officer now directly owns 564,766 shares in the company, valued at approximately $23,053,748.12. This trade represents a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Susan Wiseman sold 10,000 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $47.22, for a total transaction of $472,200.00. Following the completion of the transaction, the general counsel now directly owns 189,520 shares of the company’s stock, valued at $8,949,134.40. This trade represents a 5.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,470 shares of company stock worth $3,841,921. 24.03% of the stock is owned by insiders.

Braze Profile

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications, in-application/in-browser interstitial messages, and content cards; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; Partner Data Integrations, which allow brands to sync user cohorts from partners; Data Transformation, in which brands can programmatically sync and transform user data; and Braze Cloud Data Ingestion that enables brands to harness their customer data.