Braze, Inc. (NASDAQ:BRZE) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its position in Braze, Inc. (NASDAQ:BRZE) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,828 shares of the company’s stock after buying an additional 346 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Braze were worth $453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BRZE. Quarry LP purchased a new position in Braze during the 2nd quarter valued at about $50,000. KBC Group NV boosted its stake in shares of 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 during the period. Amalgamated Bank increased its stake in Braze by 18.9% during the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after buying an additional 358 shares during the period. Evoke Wealth LLC acquired a new stake in Braze during the 2nd quarter worth approximately $215,000. Finally, Canada Pension Plan Investment Board purchased a new position in Braze in the 2nd quarter valued at approximately $229,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Insider Buying and Selling

In other Braze news, CAO Pankaj Malik sold 3,700 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $45.77, for a total transaction of $169,349.00. Following the transaction, the chief accounting officer now directly owns 54,784 shares of the company’s stock, valued at approximately $2,507,463.68. This trade represents a 6.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Susan Wiseman sold 14,000 shares of Braze stock in a transaction on Monday, January 6th. The shares were sold at an average price of $45.52, for a total transaction of $637,280.00. Following the completion of the transaction, the general counsel now owns 199,520 shares in the company, valued at approximately $9,082,150.40. This represents a 6.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 173,083 shares of company stock worth $7,260,773 in the last quarter. 24.03% of the stock is owned by insiders.

Braze Stock Performance

Shares of BRZE stock opened at $41.86 on Wednesday. The stock’s 50-day moving average is $40.45 and its two-hundred day moving average is $38.36. Braze, Inc. has a 1 year low of $29.18 and a 1 year high of $61.53. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of -36.72 and a beta of 1.11.

Analyst Ratings Changes

A number of analysts have recently weighed in on BRZE shares. JPMorgan Chase & Co. cut their price objective on Braze from $55.00 to $47.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Piper Sandler upped their price target on Braze from $40.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Oppenheimer reiterated an “outperform” rating and issued a $51.00 price objective on shares of Braze in a research note on Tuesday, December 10th. Loop Capital restated a “buy” rating and set a $75.00 target price on shares of Braze in a research note on Tuesday, September 24th. Finally, Citigroup lifted their price target on shares of Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, Braze currently has an average rating of “Moderate Buy” and a consensus target price of $53.74.

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.