Blair William & Co. IL Has $415,000 Stock Holdings in Braze, Inc. (NASDAQ:BRZE)

Blair William & Co. IL reduced its holdings in shares of Braze, Inc. (NASDAQ:BRZE) by 18.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,910 shares of the company’s stock after selling 2,175 shares during the period. Blair William & Co. IL’s holdings in Braze were worth $415,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Braze by 21.1% during the fourth quarter. Vanguard Group Inc. now owns 8,464,161 shares of the company’s stock worth $354,479,000 after acquiring an additional 1,476,423 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Braze by 146.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,808,577 shares of the company’s stock worth $58,489,000 after purchasing an additional 1,075,998 shares in the last quarter. State Street Corp lifted its holdings in Braze by 21.5% during the 3rd quarter. State Street Corp now owns 1,575,701 shares of the company’s stock valued at $50,958,000 after purchasing an additional 279,050 shares during the last quarter. Geode Capital Management LLC boosted its position in Braze by 18.1% in the third quarter. Geode Capital Management LLC now owns 1,497,188 shares of the company’s stock valued at $48,428,000 after buying an additional 229,660 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its stake in Braze by 20.1% during the fourth quarter. Stephens Investment Management Group LLC now owns 772,268 shares of the company’s stock worth $32,343,000 after buying an additional 129,298 shares during the last quarter. Institutional investors own 90.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wells Fargo & Company reissued an “overweight” rating and issued a $55.00 target price (up from $50.00) on shares of Braze in a report on Friday, March 28th. DA Davidson reissued a “buy” rating and issued a $50.00 price objective on shares of Braze in a research note on Wednesday, March 26th. Raymond James raised their target price on Braze from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, March 28th. Oppenheimer reiterated an “outperform” rating and set a $51.00 price target on shares of Braze in a research report on Tuesday, December 10th. Finally, Citigroup raised their price objective on shares of Braze from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, March 28th. One investment analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $53.00.

Braze Price Performance

Braze stock opened at $30.98 on Friday. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of -27.18 and a beta of 1.17. The company’s 50 day simple moving average is $38.61 and its 200 day simple moving average is $37.97. Braze, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $48.33.

Braze (NASDAQ:BRZE) last announced its quarterly earnings results on Thursday, March 27th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. Braze had a negative net margin of 20.41% and a negative return on equity of 24.88%. The company had revenue of $160.40 million for the quarter, compared to analysts’ expectations of $155.72 million. During the same period last year, the firm posted ($0.04) earnings per share. The business’s quarterly revenue was up 22.4% compared to the same quarter last year. As a group, analysts predict that Braze, Inc. will post -0.98 EPS for the current fiscal year.

Insider Buying and Selling at Braze

In other news, General Counsel Susan Wiseman sold 10,000 shares of Braze stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $47.22, for a total transaction of $472,200.00. Following the transaction, the general counsel now owns 189,520 shares in the company, valued at $8,949,134.40. The trade was a 5.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Phillip M. Fernandez sold 1,500 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $41.46, for a total value of $62,190.00. Following the sale, the director now directly owns 15,269 shares of the company’s stock, valued at approximately $633,052.74. The trade was a 8.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,970 shares of company stock valued at $3,904,111. Company insiders own 24.03% of the company’s stock.

Braze Company 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.