Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,743 Shares of Braze, Inc. (NASDAQ:BRZE)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Braze, Inc. (NASDAQ:BRZE) by 9.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,647 shares of the company’s stock after acquiring an additional 1,743 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Braze were worth $823,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Braze by 12.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 509,767 shares of the company’s stock worth $16,486,000 after purchasing an additional 57,713 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its position in Braze by 195.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 77,690 shares of the company’s stock worth $2,512,000 after buying an additional 51,411 shares in the last quarter. Victory Capital Management Inc. increased its position in Braze by 5.0% in the 3rd quarter. Victory Capital Management Inc. now owns 411,544 shares of the company’s stock valued at $13,309,000 after acquiring an additional 19,567 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Braze in the third quarter worth about $673,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Braze during the fourth quarter worth approximately $498,000. 90.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Myles Kleeger sold 10,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $45.43, for a total value of $454,300.00. Following the sale, the insider now owns 184,396 shares of the company’s stock, valued at $8,377,110.28. The trade was a 5.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Susan Wiseman sold 3,486 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $40.02, for a total transaction of $139,509.72. Following the transaction, the general counsel now owns 182,109 shares of the company’s stock, valued at $7,288,002.18. The trade was a 1.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,470 shares of company stock valued at $3,841,921. Company insiders own 24.03% of the company’s stock.

Braze Stock Down 0.7 %

Braze stock opened at $36.05 on Friday. Braze, Inc. has a twelve month low of $29.18 and a twelve month high of $55.47. The company has a 50 day moving average of $40.31 and a 200-day moving average of $38.13. The stock has a market capitalization of $3.73 billion, a PE ratio of -31.62 and a beta of 1.17.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BRZE shares. Wells Fargo & Company lowered their price target on shares of Braze from $65.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, November 26th. DA Davidson decreased their price target on Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, December 10th. William Blair restated an “outperform” rating on shares of Braze in a research report on Thursday, December 19th. Piper Sandler lifted their price target on shares of Braze from $40.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Finally, Citigroup increased their price objective on shares of Braze from $47.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $52.70.

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.