Fiera Capital Corp Has $24.42 Million Holdings in Braze, Inc. (NASDAQ:BRZE)

Fiera Capital Corp decreased its stake in shares of Braze, Inc. (NASDAQ:BRZE - Free Report) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 755,207 shares of the company's stock after selling 25,423 shares during the period. Fiera Capital Corp owned 0.74% of Braze worth $24,423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Braze by 2.6% during the first quarter. Vanguard Group Inc. now owns 5,894,938 shares of the company's stock worth $261,146,000 after purchasing an additional 148,366 shares during the last quarter. Champlain Investment Partners LLC increased its position in Braze by 6.6% during the first quarter. Champlain Investment Partners LLC now owns 2,084,805 shares of the company's stock worth $92,357,000 after purchasing an additional 128,645 shares during the last quarter. Stephens Investment Management Group LLC acquired a new position in Braze during the third quarter worth approximately $20,794,000. Bank of New York Mellon Corp increased its position in Braze by 18.3% during the second quarter. Bank of New York Mellon Corp now owns 477,699 shares of the company's stock worth $18,554,000 after purchasing an additional 73,764 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Braze by 10.9% during the second quarter. Victory Capital Management Inc. now owns 391,977 shares of the company's stock worth $15,224,000 after buying an additional 38,504 shares during the period. Institutional investors and hedge funds own 90.47% of the company's stock.

Braze Stock Performance

Shares of NASDAQ:BRZE traded down $0.43 during trading hours on Friday, hitting $34.59. 1,062,187 shares of the company's stock traded hands, compared to its average volume of 1,150,978. Braze, Inc. has a 52 week low of $29.18 and a 52 week high of $61.53. The company's fifty day simple moving average is $33.45 and its two-hundred day simple moving average is $37.83.

Braze (NASDAQ:BRZE - Get Free Report) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.12. Braze had a negative net margin of 22.01% and a negative return on equity of 25.89%. The company had revenue of $145.50 million during the quarter, compared to analyst estimates of $141.32 million. During the same quarter last year, the firm posted ($0.30) EPS. The business's revenue for the quarter was up 26.4% on a year-over-year basis. Analysts forecast that Braze, Inc. will post -1.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Braze news, 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 value of $1,720,244.10. Following the completion of the transaction, the insider now directly owns 56,830 shares in the company, valued at $1,720,244.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder Roger H. Lee sold 56,830 shares of the firm's stock in a transaction that occurred on 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 directly owns 56,830 shares in the company, valued at approximately $1,720,244.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William Magnuson sold 17,840 shares of the business's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $41.37, for a total transaction of $738,040.80. Following the transaction, the chief executive officer now directly owns 600,749 shares in the company, valued at $24,852,986.13. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 201,658 shares of company stock worth $7,980,396 over the last ninety days. 24.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Piper Sandler decreased their price objective on shares of Braze from $51.00 to $40.00 and set an "overweight" rating for the company in a research note on Thursday, October 10th. DA Davidson decreased their target price on shares of Braze from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Tuesday, September 24th. Stifel Nicolaus started coverage on shares of Braze in a research note on Tuesday, October 22nd. They issued a "buy" rating and a $37.00 target price for the company. JPMorgan Chase & Co. decreased their target price on shares of Braze from $55.00 to $47.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Finally, TD Cowen reduced their price objective on shares of Braze from $52.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Braze presently has an average rating of "Moderate Buy" and an average price target of $55.32.

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.