SG Americas Securities LLC Has $492,000 Stock Holdings in Braze, Inc. (NASDAQ:BRZE)

SG Americas Securities LLC cut its holdings in Braze, Inc. (NASDAQ:BRZE - Free Report) by 40.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,736 shares of the company's stock after selling 7,862 shares during the quarter. SG Americas Securities LLC's holdings in Braze were worth $492,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BRZE. Charles Schwab Investment Management Inc. raised its position in shares of Braze by 12.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 509,767 shares of the company's stock worth $16,486,000 after acquiring an additional 57,713 shares during the last quarter. Victory Capital Management Inc. increased its stake in Braze by 5.0% during the 3rd quarter. Victory Capital Management Inc. now owns 411,544 shares of the company's stock valued at $13,309,000 after purchasing an additional 19,567 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Braze in the 2nd quarter worth about $971,000. Dynamic Technology Lab Private Ltd boosted its position in shares of Braze by 195.6% during the third quarter. Dynamic Technology Lab Private Ltd now owns 77,690 shares of the company's stock valued at $2,512,000 after buying an additional 51,411 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Braze in the 3rd quarter worth $673,000. Institutional investors and hedge funds own 90.47% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BRZE shares. JPMorgan Chase & Co. lowered their price target on shares of Braze from $55.00 to $47.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Macquarie boosted their price objective on Braze from $30.00 to $39.00 and gave the stock a "neutral" rating in a report on Wednesday, December 11th. William Blair reaffirmed an "outperform" rating on shares of Braze in a research note on Thursday, December 19th. Piper Sandler upped their target price on Braze from $40.00 to $48.00 and gave the company an "overweight" rating in a report on Tuesday, December 10th. Finally, DA Davidson lowered 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. One equities research analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $53.74.

Insider Activity at Braze

In other Braze news, Director Phillip M. Fernandez sold 1,500 shares of the firm's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $42.02, for a total transaction of $63,030.00. Following the completion of the transaction, the director now owns 15,269 shares of the company's stock, valued at approximately $641,603.38. This trade represents a 8.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Susan Wiseman sold 10,000 shares of Braze stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $47.22, for a total transaction of $472,200.00. Following the sale, the general counsel now owns 189,520 shares of the company's stock, valued at approximately $8,949,134.40. This trade represents a 5.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 184,583 shares of company stock worth $7,797,668 over the last 90 days. Company insiders own 24.03% of the company's stock.

Braze Stock Up 2.2 %

NASDAQ:BRZE traded up $0.95 during trading hours on Wednesday, reaching $43.55. 1,326,914 shares of the company's stock were exchanged, compared to its average volume of 1,138,809. Braze, Inc. has a 1-year low of $29.18 and a 1-year high of $61.53. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of -38.20 and a beta of 1.13. The company has a 50-day moving average of $43.29 and a 200 day moving average of $38.98.

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.