13,760 Shares in Braze, Inc. (NASDAQ:BRZE) Purchased by Sciencast Management LP

Sciencast Management LP bought a new position in Braze, Inc. (NASDAQ:BRZE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,760 shares of the company’s stock, valued at approximately $576,000.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in Braze by 8,436.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 939 shares of the company’s stock worth $39,000 after acquiring an additional 928 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Braze in the fourth quarter worth about $47,000. KBC Group NV lifted its holdings in Braze by 41.5% in the third quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after acquiring an additional 615 shares during the last quarter. Plato Investment Management Ltd bought a new position in Braze in the fourth quarter worth about $115,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Braze in the fourth quarter worth about $165,000. Institutional investors own 90.47% of the company’s stock.

Insiders Place Their Bets

In other Braze news, insider Myles Kleeger sold 10,000 shares of Braze stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $45.43, for a total transaction of $454,300.00. Following the transaction, the insider now directly owns 184,396 shares in the company, valued at approximately $8,377,110.28. The trade was a 5.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Susan Wiseman sold 3,486 shares of Braze stock in a transaction that occurred 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. The trade was a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,470 shares of company stock worth $3,841,921. 24.03% of the stock is owned by insiders.

Braze Stock Performance

Braze stock opened at $37.03 on Friday. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of -32.48 and a beta of 1.17. Braze, Inc. has a 1 year low of $29.18 and a 1 year high of $52.26. The firm’s 50 day moving average price is $40.20 and its two-hundred day moving average price is $38.04.

Wall Street Analyst Weigh In

BRZE has been the topic of a number of recent research reports. Macquarie raised their target price on shares of Braze from $30.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. DA Davidson cut their price target on Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, December 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Braze in a report on Monday, February 3rd. William Blair reaffirmed an “outperform” rating on shares of Braze in a report on Thursday, December 19th. Finally, Citigroup lifted their price target on Braze from $47.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Braze has a consensus rating of “Buy” and an average price target of $52.45.

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.