38,442 Shares in Braze, Inc. (NASDAQ:BRZE) Bought by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd bought a new stake in shares of Braze, Inc. (NASDAQ:BRZE - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 38,442 shares of the company's stock, valued at approximately $1,243,000.

Several other institutional investors also recently made changes to their positions in BRZE. California State Teachers Retirement System grew its holdings in Braze by 5.6% in the 1st quarter. California State Teachers Retirement System now owns 53,671 shares of the company's stock worth $2,378,000 after buying an additional 2,844 shares in the last quarter. Comerica Bank increased its stake in shares of Braze by 29.4% in the first quarter. Comerica Bank now owns 1,216 shares of the company's stock worth $54,000 after acquiring an additional 276 shares during the last quarter. Congress Park Capital LLC acquired a new position in shares of Braze in the second quarter worth $1,448,000. M&G Plc increased its stake in shares of Braze by 12.4% in the second quarter. M&G Plc now owns 171,802 shares of the company's stock worth $6,700,000 after acquiring an additional 18,985 shares during the last quarter. Finally, Diversified Trust Co increased its position in Braze by 23.7% during the second quarter. Diversified Trust Co now owns 25,647 shares of the company's stock worth $996,000 after buying an additional 4,919 shares during the last quarter. 90.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BRZE shares. 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. Loop Capital restated a "buy" rating and set a $75.00 price target on shares of Braze in a research note on Tuesday, September 24th. Piper Sandler cut their price target 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 cut their price target 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. Finally, Needham & Company LLC restated a "buy" rating and set a $70.00 price target on shares of Braze in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $53.95.

Braze Stock Up 0.4 %

Shares of BRZE stock traded up $0.18 on Friday, reaching $41.47. The stock had a trading volume of 1,012,718 shares, compared to its average volume of 1,058,281. The firm's 50-day moving average is $33.94 and its two-hundred day moving average is $37.33. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of -34.99 and a beta of 1.15. Braze, Inc. has a 12 month low of $29.18 and a 12 month high of $61.53.

Braze (NASDAQ:BRZE - Get Free Report) last issued its earnings results on Thursday, September 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.03) by $0.12. The company had revenue of $145.50 million for the quarter, compared to analysts' expectations of $141.32 million. Braze had a negative net margin of 22.01% and a negative return on equity of 25.89%. Braze's quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.30) EPS. On average, sell-side analysts forecast that Braze, Inc. will post -1.02 earnings per share for the current fiscal year.

Insider Transactions at Braze

In other Braze 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 value of $1,720,244.10. Following the sale, the insider now owns 56,830 shares in the company, valued at $1,720,244.10. This trade represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Isabelle Winkles sold 4,500 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $32.12, for a total transaction of $144,540.00. Following the completion of the sale, the chief financial officer now owns 216,208 shares in the company, valued at $6,944,600.96. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,979 shares of company stock valued at $3,688,914. 24.03% of the stock is currently owned by company insiders.

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.