Braze, Inc. (NASDAQ:BRZE) Holdings Raised by Intech Investment Management LLC

Intech Investment Management LLC increased its holdings in Braze, Inc. (NASDAQ:BRZE - Free Report) by 62.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 33,902 shares of the company's stock after buying an additional 13,096 shares during the period. Intech Investment Management LLC's holdings in Braze were worth $1,420,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in Braze by 146.9% in the third quarter. JPMorgan Chase & Co. now owns 1,808,577 shares of the company's stock valued at $58,489,000 after acquiring an additional 1,075,998 shares during the period. State Street Corp boosted its position in Braze by 21.5% during the 3rd quarter. State Street Corp now owns 1,575,701 shares of the company's stock valued at $50,958,000 after purchasing an additional 279,050 shares during the period. Geode Capital Management LLC grew its stake in Braze by 18.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,497,188 shares of the company's stock worth $48,428,000 after buying an additional 229,660 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in Braze by 69.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,494,100 shares of the company's stock worth $48,319,000 after buying an additional 612,400 shares during the period. Finally, Stephens Investment Management Group LLC boosted its holdings in shares of Braze by 20.1% during the fourth quarter. Stephens Investment Management Group LLC now owns 772,268 shares of the company's stock valued at $32,343,000 after acquiring an additional 129,298 shares during the period. Institutional investors own 90.47% of the company's stock.

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Analysts Set New Price Targets

BRZE has been the subject of a number of analyst reports. Raymond James reduced their target price on shares of Braze from $48.00 to $45.00 and set an "outperform" rating for the company in a research note on Thursday, March 20th. Stifel Nicolaus increased their price objective on Braze from $37.00 to $48.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Stephens began coverage on Braze in a research note on Wednesday, March 19th. They set an "overweight" rating and a $43.00 target price on the stock. Macquarie increased their price target on Braze from $30.00 to $39.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 11th. Finally, Oppenheimer restated an "outperform" rating and set a $51.00 price objective on shares of Braze in a research note on Tuesday, December 10th. One research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $52.05.

Insider Buying and Selling at Braze

In other news, General Counsel Susan Wiseman sold 10,000 shares of Braze stock in a transaction on Monday, January 27th. The stock was sold at an average price of $47.22, for a total transaction of $472,200.00. Following the transaction, the general counsel now owns 189,520 shares in the company, valued at approximately $8,949,134.40. The trade was a 5.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William Magnuson sold 18,050 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $40.82, for a total value of $736,801.00. Following the completion of the sale, the chief executive officer now directly owns 564,766 shares of the company's stock, valued at approximately $23,053,748.12. This represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,470 shares of company stock valued at $3,841,921. 24.03% of the stock is currently owned by corporate insiders.

Braze Stock Down 4.6 %

Shares of NASDAQ BRZE traded down $1.81 during mid-day trading on Wednesday, hitting $37.33. 1,282,973 shares of the company traded hands, compared to its average volume of 1,125,215. The business has a 50 day moving average of $40.07 and a two-hundred day moving average of $37.99. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of -32.75 and a beta of 1.17. Braze, Inc. has a 1 year low of $29.18 and a 1 year high of $51.20.

Braze Company 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.