Nebula Research & Development LLC Sells 7,571 Shares of Braze, Inc. (NASDAQ:BRZE)

Nebula Research & Development LLC trimmed its position in Braze, Inc. (NASDAQ:BRZE) by 8.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,769 shares of the company’s stock after selling 7,571 shares during the period. Nebula Research & Development LLC owned approximately 0.08% of Braze worth $3,299,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of BRZE. Tower Research Capital LLC TRC boosted its position in shares of Braze by 168.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock worth $27,000 after purchasing an additional 405 shares in the last quarter. Aster Capital Management DIFC Ltd raised its stake in 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 during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Braze by 8,436.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 939 shares of the company’s stock worth $39,000 after acquiring an additional 928 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Braze during the fourth quarter worth about $47,000. Finally, Plato Investment Management Ltd acquired a new position in shares of Braze during the fourth quarter valued at about $115,000. 90.47% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Braze news, General Counsel Susan Wiseman sold 4,167 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $30.98, for a total value of $129,093.66. Following the completion of the sale, the general counsel now directly owns 248,999 shares of the company’s stock, valued at $7,713,989.02. This trade represents a 1.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William Magnuson sold 18,050 shares of Braze stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $40.82, for a total value of $736,801.00. Following the transaction, the chief executive officer now owns 564,766 shares in the company, valued at approximately $23,053,748.12. This represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 65,937 shares of company stock worth $2,707,581. Corporate insiders own 24.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. DA Davidson dropped their target price 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. Canaccord Genuity Group boosted 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. Raymond James raised their target price on Braze from $45.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, March 28th. Stephens began coverage on Braze in a research note on Wednesday, March 19th. They set an “overweight” rating and a $43.00 price target on the stock. Finally, Stifel Nicolaus set a $50.00 price objective on Braze and gave the company a “buy” rating in a report on Friday, March 28th. One analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $51.25.

Braze Trading Up 7.0 %

NASDAQ BRZE opened at $30.33 on Friday. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of -26.61 and a beta of 1.13. The stock has a 50-day moving average of $34.21 and a 200 day moving average of $37.54. Braze, Inc. has a twelve month low of $27.45 and a twelve month high of $48.33.

Braze (NASDAQ:BRZE) last announced 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. 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 the consensus estimate of $155.72 million. The business’s quarterly revenue was up 22.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.04) EPS. Equities analysts predict that Braze, Inc. will post -0.98 EPS for the current fiscal year.

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.