Susquehanna Fundamental Investments LLC Buys New Stake in Braze, Inc. (NASDAQ:BRZE)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Braze, Inc. (NASDAQ:BRZE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 16,407 shares of the company's stock, valued at approximately $687,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BRZE. Tower Research Capital LLC TRC increased its holdings in Braze by 168.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 646 shares of the company's stock worth $27,000 after acquiring an additional 405 shares during the period. Aster Capital Management DIFC Ltd boosted its position in Braze by 9,188.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company's stock valued at $35,000 after purchasing 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. acquired a new stake in shares of Braze in the fourth quarter valued at approximately $47,000. Finally, Plato Investment Management Ltd purchased a new position in Braze during the 4th quarter valued at about $115,000. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Braze Price Performance

Shares of Braze stock traded up $0.85 during trading on Thursday, hitting $33.47. The company's stock had a trading volume of 223,291 shares, compared to its average volume of 1,237,379. The stock has a 50-day moving average price of $32.93 and a two-hundred day moving average price of $37.61. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of -29.36 and a beta of 1.15. Braze, Inc. has a 52 week low of $27.45 and a 52 week high of $48.33.

Braze (NASDAQ:BRZE - Get Free Report) last issued its quarterly earnings results on Thursday, March 27th. The company reported $0.12 earnings per share for the quarter, beating 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 firm had revenue of $160.40 million during the quarter, compared to the consensus estimate of $155.72 million. During the same period last year, the company earned ($0.04) earnings per share. The company's revenue was up 22.4% on a year-over-year basis. On average, equities analysts predict that Braze, Inc. will post -0.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BRZE. Stephens initiated coverage on shares of Braze in a report on Wednesday, March 19th. They issued an "overweight" rating and a $43.00 price target on the stock. Citigroup raised their price target on shares of Braze from $50.00 to $55.00 and gave the company a "buy" rating in a report on Friday, March 28th. Raymond James upped their target price on Braze from $45.00 to $48.00 and gave the company an "outperform" rating in a research report on Friday, March 28th. Piper Sandler decreased their price target on shares of Braze from $48.00 to $38.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Finally, Stifel Nicolaus set a $50.00 price target on Braze and gave the company a "buy" rating in a research report on Friday, March 28th. One equities research 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. According to MarketBeat, Braze presently has an average rating of "Buy" and a consensus price target of $51.25.

Insider Buying and Selling at Braze

In other news, Director Phillip M. Fernandez sold 1,500 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $41.46, for a total value of $62,190.00. Following the transaction, the director now owns 15,269 shares of the company's stock, valued at approximately $633,052.74. This trade represents a 8.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Pankaj Malik sold 2,585 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 $105,519.70. Following the completion of the sale, the chief accounting officer now directly owns 52,199 shares in the company, valued at approximately $2,130,763.18. The trade was a 4.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,937 shares of company stock worth $2,235,381 in the last ninety days. 24.03% of the stock is owned by insiders.

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.