Fiera Capital Corp Sells 39,994 Shares of Braze, Inc. (NASDAQ:BRZE)

Fiera Capital Corp lowered its stake in shares of Braze, Inc. (NASDAQ:BRZE - Free Report) by 5.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 715,213 shares of the company's stock after selling 39,994 shares during the quarter. Fiera Capital Corp owned about 0.69% of Braze worth $29,953,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BRZE. Creative Planning boosted its position in shares of Braze by 12.8% in the third quarter. Creative Planning now owns 26,089 shares of the company's stock valued at $844,000 after acquiring an additional 2,968 shares during the period. Northside Capital Management LLC acquired a new position in Braze during the third quarter worth $281,000. AMI Asset Management Corp increased its stake in shares of Braze by 25.8% in the third quarter. AMI Asset Management Corp now owns 33,438 shares of the company's stock valued at $1,081,000 after buying an additional 6,852 shares in the last quarter. US Bancorp DE increased its stake in shares of Braze by 38.1% in the third quarter. US Bancorp DE now owns 25,737 shares of the company's stock valued at $832,000 after buying an additional 7,103 shares in the last quarter. Finally, Stephens Investment Management Group LLC acquired a new stake in shares of Braze in the third quarter valued at $20,794,000. 90.47% of the stock is owned by institutional investors.

Braze Stock Down 0.6 %

Shares of BRZE traded down $0.27 during trading hours on Monday, hitting $41.51. 791,930 shares of the company were exchanged, compared to its average volume of 1,032,896. The company has a market cap of $4.30 billion, a price-to-earnings ratio of -36.41 and a beta of 1.13. Braze, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $59.98. The firm's fifty day moving average is $43.50 and its 200 day moving average is $38.97.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price target on Braze from $55.00 to $47.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. William Blair restated an "outperform" rating on shares of Braze in a research report on Thursday, December 19th. The Goldman Sachs Group decreased their price objective on Braze from $65.00 to $47.00 and set a "buy" rating for the company in a research report on Tuesday, November 12th. Citigroup boosted their target price on Braze from $47.00 to $51.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company dropped their price objective on Braze from $65.00 to $55.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 26th. One analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to MarketBeat, Braze currently has an average rating of "Moderate Buy" and a consensus target price of $53.74.

Insider Transactions at Braze

In related news, General Counsel Susan Wiseman sold 10,000 shares of the firm's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $47.22, for a total value of $472,200.00. Following the sale, the general counsel now directly owns 189,520 shares of the company's stock, valued at $8,949,134.40. This trade represents a 5.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Myles Kleeger sold 6,342 shares of the firm's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $36.03, for a total value of $228,502.26. Following the completion of the sale, the insider now directly owns 184,396 shares in the company, valued at $6,643,787.88. This trade represents a 3.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,210 shares of company stock valued at $6,372,368. 24.03% of the stock is owned by corporate insiders.

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.