Barclays PLC Buys 10,140 Shares of Braze, Inc. (NASDAQ:BRZE)

Barclays PLC increased its holdings in shares of Braze, Inc. (NASDAQ:BRZE - Free Report) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 117,498 shares of the company's stock after buying an additional 10,140 shares during the quarter. Barclays PLC owned 0.11% of Braze worth $4,921,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of 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 purchasing an additional 1,476,423 shares during the period. JPMorgan Chase & Co. raised its holdings in Braze by 27.7% during the 4th quarter. JPMorgan Chase & Co. now owns 2,309,244 shares of the company's stock worth $96,711,000 after buying an additional 500,667 shares during the period. Invesco Ltd. lifted its stake in Braze by 107.0% in the fourth quarter. Invesco Ltd. now owns 1,963,841 shares of the company's stock valued at $82,246,000 after buying an additional 1,015,007 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Braze by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 1,535,965 shares of the company's stock valued at $64,340,000 after buying an additional 38,777 shares during the period. Finally, Norges Bank acquired a new position in shares of Braze in the fourth quarter valued at approximately $62,639,000. 90.47% of the stock is currently owned by institutional investors.

Braze Stock Performance

BRZE traded up $0.82 during trading hours on Friday, reaching $32.15. The company's stock had a trading volume of 113,997 shares, compared to its average volume of 1,230,591. The company's 50-day moving average is $33.32 and its 200-day moving average is $37.57. Braze, Inc. has a 52 week low of $27.45 and a 52 week high of $48.33. The firm has a market cap of $3.36 billion, a PE ratio of -28.19 and a beta of 1.13.

Braze (NASDAQ:BRZE - Get Free Report) last posted its earnings results on Thursday, March 27th. The company reported $0.12 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $155.72 million. During the same quarter last year, the company posted ($0.04) EPS. Braze's quarterly revenue was up 22.4% compared to the same quarter last year. Equities analysts anticipate that Braze, Inc. will post -0.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Phillip M. Fernandez sold 1,500 shares of Braze stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $41.30, for a total transaction of $61,950.00. Following the completion of the sale, the director now owns 15,269 shares of the company's stock, valued at approximately $630,609.70. This trade represents a 8.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Susan Wiseman sold 3,925 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $40.82, for a total transaction of $160,218.50. Following the completion of the transaction, the general counsel now owns 185,595 shares in the company, valued at $7,575,987.90. This trade represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,937 shares of company stock worth $2,235,381 over the last three months. Insiders own 24.03% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. DA Davidson cut their price objective on shares of Braze from $50.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Citigroup boosted their price target on Braze from $50.00 to $55.00 and gave the company a "buy" rating in a report on Friday, March 28th. Needham & Company LLC reissued a "buy" rating and issued a $50.00 target price on shares of Braze in a research report on Friday, March 28th. Wells Fargo & Company reduced their price target on Braze from $55.00 to $40.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Canaccord Genuity Group lifted their price objective on shares of Braze from $45.00 to $50.00 and gave the company a "buy" rating in a report on Friday, March 28th. One investment analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $51.25.

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.