Gilder Gagnon Howe & Co. LLC Trims Stock Holdings in Braze, Inc. (NASDAQ:BRZE)

Gilder Gagnon Howe & Co. LLC trimmed its stake in shares of Braze, Inc. (NASDAQ:BRZE - Free Report) by 39.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,560 shares of the company's stock after selling 12,482 shares during the quarter. Gilder Gagnon Howe & Co. LLC's holdings in Braze were worth $819,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings 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 buying an additional 1,476,423 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Braze by 2.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,693,357 shares of the company's stock worth $112,798,000 after acquiring an additional 63,000 shares during the period. JPMorgan Chase & Co. increased its stake in Braze by 27.7% in the 4th quarter. JPMorgan Chase & Co. now owns 2,309,244 shares of the company's stock valued at $96,711,000 after purchasing an additional 500,667 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Braze by 121.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,197,407 shares of the company's stock worth $92,028,000 after purchasing an additional 1,203,149 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Braze by 107.0% during the fourth quarter. Invesco Ltd. now owns 1,963,841 shares of the company's stock worth $82,246,000 after purchasing an additional 1,015,007 shares in the last quarter. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

Braze Trading Up 3.4 %

Shares of BRZE traded up $1.07 during mid-day trading on Friday, reaching $32.40. The company had a trading volume of 281,898 shares, compared to its average volume of 1,231,260. Braze, Inc. has a fifty-two week low of $27.45 and a fifty-two week high of $48.33. The firm has a fifty day simple moving average of $33.32 and a 200-day simple moving average of $37.57. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of -28.48 and a beta of 1.13.

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

Insider Buying and Selling at Braze

In related news, General Counsel Susan Wiseman sold 3,925 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $40.82, for a total value of $160,218.50. Following the completion of the sale, the general counsel now directly owns 185,595 shares in the company, valued at approximately $7,575,987.90. This represents a 2.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Myles Kleeger sold 7,149 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $40.82, for a total value of $291,822.18. Following the transaction, the insider now owns 177,247 shares in the company, valued at approximately $7,235,222.54. This represents a 3.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,937 shares of company stock valued at $2,235,381 over the last ninety days. Corporate insiders own 24.03% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on BRZE. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price objective on shares of Braze in a research report on Friday, March 28th. Raymond James upped their price target on shares of Braze from $45.00 to $48.00 and gave the company an "outperform" rating in a report on Friday, March 28th. Stephens assumed coverage on shares of Braze in a research note on Wednesday, March 19th. They set an "overweight" rating and a $43.00 price objective for the company. Canaccord Genuity Group upped their target price on Braze from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, March 28th. Finally, Piper Sandler dropped their price target on Braze from $48.00 to $38.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. One analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $51.25.

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.