Victory Capital Management Inc. Has $10.51 Million Stock Holdings in Braze, Inc. (NASDAQ:BRZE)

Victory Capital Management Inc. lessened its position in Braze, Inc. (NASDAQ:BRZE - Free Report) by 39.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 250,912 shares of the company's stock after selling 160,632 shares during the quarter. Victory Capital Management Inc. owned approximately 0.24% of Braze worth $10,508,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of BRZE. SBI Securities Co. Ltd. acquired a new stake in shares of Braze in the fourth quarter valued at about $47,000. KBC Group NV grew its stake in Braze by 41.5% in the third quarter. KBC Group NV now owns 2,097 shares of the company's stock valued at $68,000 after purchasing an additional 615 shares in the last quarter. Amalgamated Bank raised its stake in shares of Braze by 18.9% during the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company's stock worth $73,000 after purchasing an additional 358 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Braze in the 4th quarter valued at approximately $115,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Braze in the fourth quarter valued at $165,000. Institutional investors own 90.47% of the company's stock.

Braze Trading Up 2.5 %

Braze stock traded up $0.89 during midday trading on Monday, reaching $36.17. The company's stock had a trading volume of 791,199 shares, compared to its average volume of 1,115,853. The stock has a market cap of $3.74 billion, a PE ratio of -31.73 and a beta of 1.17. Braze, Inc. has a 52 week low of $29.18 and a 52 week high of $55.47. The business has a 50-day moving average price of $41.00 and a 200-day moving average price of $38.29.

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Insider Buying and Selling

In other Braze news, insider Myles Kleeger sold 37,900 shares of the company's stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $45.11, for a total value of $1,709,669.00. Following the completion of the transaction, the insider now directly owns 184,396 shares in the company, valued at approximately $8,318,103.56. This represents a 17.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Susan Wiseman sold 3,486 shares of Braze stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $40.02, for a total transaction of $139,509.72. Following the transaction, the general counsel now owns 182,109 shares in the company, valued at approximately $7,288,002.18. This trade represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 168,580 shares of company stock worth $7,409,749 in the last three months. 24.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on BRZE shares. Stifel Nicolaus boosted their price target on Braze from $37.00 to $48.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Needham & Company LLC restated a "buy" rating and issued a $50.00 price target on shares of Braze in a research note on Monday, February 3rd. Macquarie lifted their price objective on shares of Braze from $30.00 to $39.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 11th. Piper Sandler increased their price objective on shares of Braze from $40.00 to $48.00 and gave the company an "overweight" rating in a research report on Tuesday, December 10th. Finally, DA Davidson reduced their target price on shares of Braze from $55.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, December 10th. One analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to MarketBeat.com, Braze presently has a consensus rating of "Moderate Buy" and an average target price of $53.74.

Braze 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.