Nomura Holdings Inc. Takes $1.69 Million Position in Braze, Inc. (NASDAQ:BRZE)

Nomura Holdings Inc. acquired a new stake in shares of Braze, Inc. (NASDAQ:BRZE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 40,253 shares of the company's stock, valued at approximately $1,686,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in shares of Braze by 168.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 646 shares of the company's stock valued at $27,000 after purchasing an additional 405 shares in the last quarter. Aster Capital Management DIFC Ltd raised its holdings in Braze by 9,188.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company's stock valued at $35,000 after buying an additional 827 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Braze by 8,436.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 939 shares of the company's stock worth $39,000 after buying an additional 928 shares during the period. SBI Securities Co. Ltd. bought a new stake in Braze during the 4th quarter worth approximately $47,000. Finally, Plato Investment Management Ltd acquired a new position in Braze in the 4th quarter valued at approximately $115,000. Institutional investors own 90.47% of the company's stock.

Insider Activity at Braze

In related news, insider Astha Malik sold 13,460 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $35.88, for a total transaction of $482,944.80. Following the completion of the transaction, the insider now owns 258,395 shares of the company's stock, valued at approximately $9,271,212.60. The trade was a 4.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Myles Kleeger sold 9,189 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $35.88, for a total transaction of $329,701.32. Following the transaction, the insider now owns 159,693 shares of the company's stock, valued at $5,729,784.84. This trade represents a 5.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,150 shares of company stock worth $2,540,814. Corporate insiders own 18.20% of the company's stock.

Braze Stock Down 0.5%

Braze stock traded down $0.16 during midday trading on Friday, reaching $34.70. The stock had a trading volume of 150,339 shares, compared to its average volume of 1,250,472. The firm has a market capitalization of $3.63 billion, a PE ratio of -30.48 and a beta of 1.15. Braze, Inc. has a 12 month low of $27.45 and a 12 month high of $48.33. The firm's 50-day moving average price is $33.10 and its 200 day moving average price is $37.94.

Braze (NASDAQ:BRZE - Get Free Report) last posted its earnings results on Thursday, March 27th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate 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 net margin of 20.41% and a negative return on equity of 24.88%. The company's revenue was up 22.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) earnings per share. Equities research analysts expect that Braze, Inc. will post -0.98 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BRZE. Canaccord Genuity Group boosted their price objective on shares of Braze from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, March 28th. Raymond James increased their target price on shares of Braze from $45.00 to $48.00 and gave the company an "outperform" rating in a research report on Friday, March 28th. Needham & Company LLC restated a "buy" rating and issued a $50.00 price target on shares of Braze in a research report on Friday, March 28th. Wells Fargo & Company lowered their target price on shares of Braze from $55.00 to $40.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Piper Sandler cut their price target on shares of Braze from $48.00 to $38.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. One analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $50.10.

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.