16,407 Shares in Braze, Inc. (NASDAQ:BRZE) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new stake in Braze, Inc. (NASDAQ:BRZE) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 16,407 shares of the company’s stock, valued at approximately $687,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Adage Capital Partners GP L.L.C. purchased a new position in Braze in the fourth quarter worth approximately $419,000. T. Rowe Price Investment Management Inc. grew its holdings in shares of Braze by 2.4% during 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 purchasing an additional 63,000 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Braze by 121.0% during the 4th 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. Hsbc Holdings PLC raised its holdings in Braze by 126.6% in the 4th quarter. Hsbc Holdings PLC now owns 17,844 shares of the company’s stock valued at $750,000 after buying an additional 9,970 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in Braze by 168.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock valued at $27,000 after buying an additional 405 shares during the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

Insider Transactions at Braze

In other news, Director Phillip M. Fernandez sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $41.46, for a total transaction of $62,190.00. Following the transaction, the director now directly owns 15,269 shares in the company, valued at approximately $633,052.74. This trade represents a 8.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Susan Wiseman sold 4,167 shares of the 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 sale, the general counsel now owns 248,999 shares of the company’s stock, valued at approximately $7,713,989.02. This represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,937 shares of company stock worth $2,235,381. Corporate insiders own 24.03% of the company’s stock.

Braze Stock Performance

NASDAQ:BRZE opened at $32.41 on Friday. The stock has a 50-day simple moving average of $33.22 and a 200-day simple moving average of $37.58. The stock has a market cap of $3.39 billion, a P/E ratio of -28.43 and a beta of 1.13. Braze, Inc. has a 1 year low of $27.45 and a 1 year high of $48.33.

Braze (NASDAQ:BRZE) last issued its earnings results on Thursday, March 27th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.07. Braze had a negative net margin of 20.41% and a negative return on equity of 24.88%. The business had revenue of $160.40 million during the quarter, compared to analysts’ expectations of $155.72 million. During the same quarter in the prior year, the business posted ($0.04) EPS. The company’s revenue for the quarter was up 22.4% on a year-over-year basis. On average, equities research analysts predict that Braze, Inc. will post -0.98 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BRZE shares. Raymond James boosted their price target on shares of Braze from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, March 28th. Citigroup boosted their target price on Braze from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, March 28th. Stifel Nicolaus set a $50.00 price target on Braze and gave the stock a “buy” rating in a research report on Friday, March 28th. Wells Fargo & Company dropped their price objective on Braze from $55.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Finally, DA Davidson lowered their target price on Braze from $50.00 to $40.00 and set a “buy” rating for the company in a report on Monday, April 14th. One analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $51.25.

About Braze

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.