Oppenheimer Asset Management Inc. Sells 1,785 Shares of Braze, Inc. (NASDAQ:BRZE)

Oppenheimer Asset Management Inc. reduced its stake in shares of Braze, Inc. (NASDAQ:BRZE) by 26.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,043 shares of the company’s stock after selling 1,785 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Braze were worth $211,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. grew its holdings in shares of Braze by 3.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,828 shares of the company’s stock worth $453,000 after purchasing an additional 346 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Braze by 18.9% during the third quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock valued at $73,000 after acquiring an additional 358 shares in the last quarter. KBC Group NV increased its holdings in shares of Braze by 41.5% during the third quarter. KBC Group NV now owns 2,097 shares of the company’s stock valued at $68,000 after acquiring an additional 615 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Braze by 5.1% during the third quarter. The Manufacturers Life Insurance Company now owns 36,344 shares of the company’s stock worth $1,175,000 after buying an additional 1,751 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in Braze by 7.6% during the third quarter. Assetmark Inc. now owns 27,181 shares of the company’s stock worth $879,000 after buying an additional 1,923 shares in the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Braze

In other Braze news, CAO Pankaj Malik sold 4,656 shares of Braze stock in a transaction on Monday, December 16th. The stock was sold at an average price of $43.65, for a total value of $203,234.40. Following the completion of the sale, the chief accounting officer now owns 58,484 shares of the company’s stock, valued at approximately $2,552,826.60. This trade represents a 7.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 value of $139,509.72. Following the completion of the sale, the general counsel now directly owns 182,109 shares of the company’s stock, valued at approximately $7,288,002.18. The trade was a 1.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 183,581 shares of company stock worth $8,059,840. 24.03% of the stock is owned by insiders.

Braze Stock Down 2.5 %

BRZE opened at $33.74 on Friday. The business has a 50 day moving average of $42.07 and a 200-day moving average of $38.81. The stock has a market cap of $3.49 billion, a PE ratio of -29.60 and a beta of 1.17. Braze, Inc. has a 52 week low of $29.18 and a 52 week high of $55.47.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wells Fargo & Company reduced their price objective on Braze from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Tuesday, November 26th. Citigroup raised 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. The Goldman Sachs Group lowered their price target on Braze from $65.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Stifel Nicolaus increased their price objective on Braze from $37.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, DA Davidson reduced their price target on Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. One analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.74.

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.