Oppenheimer Asset Management Inc. Has $301,000 Stock Holdings in Braze, Inc. (NASDAQ:BRZE)

Oppenheimer Asset Management Inc. boosted its stake in Braze, Inc. (NASDAQ:BRZE) by 65.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 8,347 shares of the company’s stock after buying an additional 3,304 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Braze were worth $301,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in shares of Braze in the first quarter valued at approximately $288,000. SG Americas Securities LLC increased its stake in Braze by 7.4% during the 1st quarter. SG Americas Securities LLC now owns 12,604 shares of the company’s stock worth $455,000 after acquiring an additional 868 shares during the period. GAMMA Investing LLC raised its holdings in Braze by 236.1% in the 1st quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock valued at $27,000 after acquiring an additional 517 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Braze by 1,032.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 122,591 shares of the company’s stock valued at $4,423,000 after acquiring an additional 111,763 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Braze by 6.3% during the 1st quarter. Rhumbline Advisers now owns 93,189 shares of the company’s stock valued at $3,362,000 after acquiring an additional 5,532 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

Insider Activity at Braze

In other news, insider Astha Malik sold 13,460 shares of the business’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $35.88, for a total value of $482,944.80. Following the completion of the sale, the insider owned 258,395 shares of the company’s stock, valued at approximately $9,271,212.60. The trade was a 4.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Myles Kleeger sold 9,189 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $35.88, for a total value of $329,701.32. Following the sale, the insider directly owned 159,693 shares of the company’s stock, valued at approximately $5,729,784.84. This trade represents a 5.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,650 shares of company stock worth $2,478,624 in the last quarter. 18.20% of the stock is owned by company insiders.

Braze Trading Up 5.0%

Braze stock opened at $28.10 on Tuesday. The firm has a 50 day simple moving average of $31.82 and a 200 day simple moving average of $36.52. Braze, Inc. has a 1-year low of $25.22 and a 1-year high of $48.33. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of -27.82 and a beta of 1.22.

Braze (NASDAQ:BRZE) last announced its quarterly earnings results on Thursday, June 5th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $162.06 million during the quarter, compared to the consensus estimate of $158.60 million. Braze had a negative net margin of 16.76% and a negative return on equity of 18.89%. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.05) EPS. On average, equities research analysts forecast that Braze, Inc. will post -0.98 EPS for the current year.

Wall Street Analysts Forecast Growth

BRZE has been the subject of several recent analyst reports. Canaccord Genuity Group upped their price objective on shares of Braze from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, March 28th. UBS Group dropped their target price on shares of Braze from $51.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, June 6th. Raymond James Financial reduced their price target on shares of Braze from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Friday, June 6th. Barclays lowered their price objective on shares of Braze from $70.00 to $47.00 and set an “overweight” rating for the company in a research report on Friday, May 16th. Finally, Citigroup raised their target price on Braze from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, March 28th. One analyst has rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $46.30.

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.