Charles Schwab Investment Management Inc. Buys 28,179 Shares of Braze, Inc. (NASDAQ:BRZE)

Charles Schwab Investment Management Inc. lifted its position in shares of Braze, Inc. (NASDAQ:BRZE - Free Report) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 537,946 shares of the company's stock after purchasing an additional 28,179 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.52% of Braze worth $22,529,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. grew its holdings in shares of Braze by 3.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,828 shares of the company's stock worth $453,000 after purchasing an additional 346 shares in the last quarter. KBC Group NV lifted its position in shares of Braze by 41.5% during the 3rd quarter. KBC Group NV now owns 2,097 shares of the company's stock worth $68,000 after buying an additional 615 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Braze during the 4th quarter worth approximately $47,000. The Manufacturers Life Insurance Company lifted its position in shares of Braze by 5.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 36,344 shares of the company's stock worth $1,175,000 after buying an additional 1,751 shares during the period. Finally, Plato Investment Management Ltd bought a new position in shares of Braze during the 4th quarter worth approximately $115,000. Institutional investors and hedge funds own 90.47% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on BRZE. Needham & Company LLC restated a "buy" rating and set a $50.00 target price on shares of Braze in a research report on Monday, February 3rd. Citigroup raised their target price on Braze from $47.00 to $51.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Macquarie raised 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. DA Davidson cut their price objective on Braze from $55.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, December 10th. Finally, Piper Sandler lifted their price objective on Braze from $40.00 to $48.00 and gave the company an "overweight" rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $52.45.

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Insider Buying and Selling at Braze

In other news, CAO Pankaj Malik sold 3,700 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $45.77, for a total value of $169,349.00. Following the sale, the chief accounting officer now directly owns 54,784 shares of the company's stock, valued at $2,507,463.68. This represents a 6.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Susan Wiseman sold 3,486 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $40.02, for a total transaction of $139,509.72. Following the completion of the transaction, the general counsel now owns 182,109 shares in the company, valued at approximately $7,288,002.18. The trade was a 1.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 89,470 shares of company stock valued at $3,841,921. 24.03% of the stock is currently owned by company insiders.

Braze Stock Performance

NASDAQ:BRZE traded up $0.98 during midday trading on Friday, reaching $37.03. 1,820,398 shares of the stock traded hands, compared to its average volume of 1,119,789. The company has a fifty day moving average of $40.20 and a 200 day moving average of $38.08. Braze, Inc. has a 12 month low of $29.18 and a 12 month high of $53.74. The stock has a market capitalization of $3.83 billion, a P/E ratio of -32.48 and a beta of 1.17.

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.