Braze, Inc. (NASDAQ:BRZE) Shares Acquired by KBC Group NV

KBC Group NV raised its stake in Braze, Inc. (NASDAQ:BRZE) by 39.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,929 shares of the company’s stock after buying an additional 832 shares during the quarter. KBC Group NV’s holdings in Braze were worth $123,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Amalgamated Bank boosted its holdings in Braze by 18.9% during the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock valued at $73,000 after acquiring an additional 358 shares during the period. Moody National Bank Trust Division acquired a new stake in Braze in the 4th quarter valued at about $233,000. Modus Advisors LLC purchased a new position in shares of Braze in the 4th quarter valued at about $253,000. Virtu Financial LLC acquired a new position in shares of Braze during the third quarter worth about $253,000. Finally, Northside Capital Management LLC purchased a new stake in shares of Braze during the third quarter worth approximately $281,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Insider Buying and Selling at Braze

In other Braze news, General Counsel Susan Wiseman sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $47.22, for a total transaction of $472,200.00. Following the sale, the general counsel now directly owns 189,520 shares of the company’s stock, valued at $8,949,134.40. This trade represents a 5.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Myles Kleeger sold 9,225 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.45, for a total value of $317,801.25. Following the completion of the transaction, the insider now owns 190,738 shares of the company’s stock, valued at $6,570,924.10. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 184,583 shares of company stock valued at $7,797,668. Corporate insiders own 24.03% of the company’s stock.

Braze Stock Down 3.1 %

Shares of BRZE opened at $41.22 on Friday. Braze, Inc. has a 52-week low of $29.18 and a 52-week high of $61.53. The company has a 50-day simple moving average of $43.40 and a 200-day simple moving average of $39.02. The company has a market capitalization of $4.27 billion, a PE ratio of -36.16 and a beta of 1.13.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BRZE. Wells Fargo & Company decreased their price target on shares of Braze from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Tuesday, November 26th. The Goldman Sachs Group lowered their target price on shares of Braze from $65.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Citigroup boosted their target price on Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Stifel Nicolaus increased their price target on shares of Braze from $37.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Macquarie upped their target price on Braze from $30.00 to $39.00 and gave the company a “neutral” rating in a research report 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. Based on data from MarketBeat, the company currently 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.