28,584 Shares in Braze, Inc. (NASDAQ:BRZE) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Braze, Inc. (NASDAQ:BRZE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,584 shares of the company's stock, valued at approximately $1,197,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Aster Capital Management DIFC Ltd grew its stake in shares of Braze by 9,188.9% in the fourth 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 in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Braze by 8,436.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 939 shares of the company's stock valued at $39,000 after purchasing an additional 928 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Braze during the fourth quarter worth about $47,000. Plato Investment Management Ltd purchased a new stake in Braze during the fourth quarter worth about $115,000. Finally, KBC Group NV increased its position in shares of Braze by 39.7% during the fourth quarter. KBC Group NV now owns 2,929 shares of the company's stock valued at $123,000 after buying an additional 832 shares during the period. Institutional investors and hedge funds own 90.47% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Needham & Company LLC restated a "buy" rating and issued a $50.00 price target on shares of Braze in a research note on Friday, March 28th. Wells Fargo & Company reduced their price target on shares of Braze from $55.00 to $40.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Raymond James increased their price objective 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. Citigroup upped their price target on Braze from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Friday, March 28th. Finally, Canaccord Genuity Group raised their price objective on Braze from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, March 28th. One equities research 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $51.25.

Braze Trading Down 0.1 %

NASDAQ:BRZE traded down $0.03 during trading hours on Friday, hitting $33.63. The stock had a trading volume of 248,497 shares, compared to its average volume of 1,237,423. Braze, Inc. has a 1-year low of $27.45 and a 1-year high of $48.33. The company has a market cap of $3.52 billion, a PE ratio of -29.50 and a beta of 1.15. The business has a 50 day simple moving average of $32.90 and a two-hundred day simple moving average of $37.63.

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

Insider Activity

In other Braze news, CTO Jonathan Hyman sold 5,210 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $40.82, for a total transaction of $212,672.20. Following the sale, the chief technology officer now owns 157,810 shares of the company's stock, valued at approximately $6,441,804.20. This represents a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Susan Wiseman sold 4,167 shares of the company's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $30.98, for a total transaction of $129,093.66. Following the completion of the sale, the general counsel now owns 248,999 shares of the company's stock, valued at approximately $7,713,989.02. The trade was a 1.65 % 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 worth $2,235,381 over the last three months. Corporate 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.