Susquehanna Fundamental Investments LLC Reduces Stock Position in Braze, Inc. (NASDAQ:BRZE)

Susquehanna Fundamental Investments LLC cut its stake in Braze, Inc. (NASDAQ:BRZE) by 63.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,684 shares of the company’s stock after selling 11,783 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Braze were worth $260,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Neo Ivy Capital Management bought a new stake in Braze in the 4th quarter worth approximately $40,000. Covestor Ltd boosted its stake in shares of Braze by 401.1% in the 1st quarter. Covestor Ltd now owns 922 shares of the company’s stock worth $41,000 after buying an additional 738 shares during the last quarter. Comerica Bank boosted its stake in shares of Braze by 29.4% in the 1st quarter. Comerica Bank now owns 1,216 shares of the company’s stock worth $54,000 after buying an additional 276 shares during the last quarter. Canton Hathaway LLC grew its holdings in shares of Braze by 149.9% in the second quarter. Canton Hathaway LLC now owns 1,979 shares of the company’s stock worth $77,000 after acquiring an additional 1,187 shares during the period. Finally, RiverPark Advisors LLC increased its position in Braze by 360.9% during the first quarter. RiverPark Advisors LLC now owns 1,802 shares of the company’s stock valued at $80,000 after acquiring an additional 1,411 shares during the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. JMP Securities restated a “market outperform” rating and set a $68.00 price target on shares of Braze in a research note on Tuesday, September 24th. Loop Capital reaffirmed a “buy” rating and set a $75.00 target price on shares of Braze in a report on Tuesday, September 24th. Scotiabank upgraded shares of Braze from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $48.00 to $56.00 in a research report on Wednesday, July 10th. Barclays cut their price objective on shares of Braze from $80.00 to $70.00 and set an “overweight” rating for the company in a research report on Monday, August 26th. Finally, Citigroup raised their target price on Braze from $52.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Eighteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $59.18.

Insider Buying and Selling

In related news, CFO Isabelle Winkles sold 4,500 shares of Braze stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $42.18, for a total value of $189,810.00. Following the completion of the transaction, the chief financial officer now owns 242,627 shares in the company, valued at approximately $10,234,006.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CAO Pankaj Malik sold 1,381 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $41.12, for a total transaction of $56,786.72. Following the transaction, the chief accounting officer now directly owns 72,980 shares in the company, valued at approximately $3,000,937.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Isabelle Winkles sold 4,500 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $42.18, for a total transaction of $189,810.00. Following the completion of the sale, the chief financial officer now directly owns 242,627 shares in the company, valued at $10,234,006.86. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 186,465 shares of company stock worth $8,023,190. Insiders own 24.03% of the company’s stock.

Braze Trading Up 1.6 %

Shares of BRZE opened at $31.08 on Friday. The business’s 50 day moving average is $39.08 and its 200 day moving average is $40.26. Braze, Inc. has a 12-month low of $30.36 and a 12-month high of $61.53. The company has a market capitalization of $3.16 billion, a PE ratio of -24.28 and a beta of 1.03.

Braze (NASDAQ:BRZE) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.12. The business had revenue of $145.50 million during the quarter, compared to the consensus estimate of $141.32 million. Braze had a negative net margin of 22.01% and a negative return on equity of 25.89%. The business’s revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.30) EPS. Equities research analysts predict that Braze, Inc. will post -1.02 earnings per share for the current year.

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.