Barclays PLC Has $3.47 Million Stock Holdings in Braze, Inc. (NASDAQ:BRZE)

Barclays PLC raised its holdings in Braze, Inc. (NASDAQ:BRZE - Free Report) by 148.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 107,358 shares of the company's stock after buying an additional 64,093 shares during the quarter. Barclays PLC owned 0.10% of Braze worth $3,472,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in BRZE. Stephens Investment Management Group LLC acquired a new stake in shares of Braze in the third quarter worth $20,794,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Braze by 69.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,494,100 shares of the company's stock valued at $48,319,000 after purchasing an additional 612,400 shares during the period. Granite Investment Partners LLC acquired a new stake in Braze in the 2nd quarter worth $12,925,000. State Street Corp increased its holdings in shares of Braze by 21.5% during the 3rd quarter. State Street Corp now owns 1,575,701 shares of the company's stock worth $50,958,000 after purchasing an additional 279,050 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Braze during the second quarter valued at about $10,166,000. 90.47% of the stock is owned by institutional investors.

Insider Activity

In other Braze news, CFO Isabelle Winkles sold 4,500 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $32.12, for a total transaction of $144,540.00. Following the sale, the chief financial officer now owns 216,208 shares of the company's stock, valued at $6,944,600.96. This represents a 2.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Roger H. Lee sold 56,830 shares of the firm's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $30.27, for a total transaction of $1,720,244.10. Following the completion of the sale, the insider now owns 56,830 shares of the company's stock, valued at $1,720,244.10. The trade was a 50.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 208,090 shares of company stock worth $7,906,833. 24.03% of the stock is owned by corporate insiders.

Braze Stock Up 0.4 %

BRZE stock traded up $0.17 during midday trading on Tuesday, reaching $43.60. 324,003 shares of the company's stock traded hands, compared to its average volume of 1,096,209. The company has a market cap of $4.51 billion, a price-to-earnings ratio of -38.25 and a beta of 1.15. The company has a 50-day simple moving average of $36.99 and a two-hundred day simple moving average of $37.62. Braze, Inc. has a 1-year low of $29.18 and a 1-year high of $61.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BRZE shares. Macquarie lifted their target price on Braze from $30.00 to $39.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 11th. Oppenheimer restated an "outperform" rating and set a $51.00 price objective on shares of Braze in a research report on Tuesday, December 10th. Piper Sandler raised their target price on Braze from $40.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 10th. William Blair reiterated an "outperform" rating on shares of Braze in a research note on Thursday, December 19th. Finally, TD Cowen dropped their price objective on shares of Braze from $52.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $53.74.

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.