Braze, Inc. (NASDAQ:BRZE) Stock Position Raised by Deutsche Bank AG

Deutsche Bank AG increased its position in Braze, Inc. (NASDAQ:BRZE) by 19.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,351,020 shares of the company’s stock after purchasing an additional 215,640 shares during the period. Deutsche Bank AG’s holdings in Braze were worth $56,581,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BRZE. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Braze by 2.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,340 shares of the company’s stock valued at $559,000 after purchasing an additional 316 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Braze by 3.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 10,828 shares of the company’s stock worth $453,000 after acquiring an additional 346 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Braze by 168.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock worth $27,000 after acquiring an additional 405 shares during the period. Aster Capital Management DIFC Ltd boosted its position in Braze by 9,188.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company’s stock worth $35,000 after acquiring an additional 827 shares during the period. Finally, KBC Group NV grew its stake in Braze by 39.7% during the 4th quarter. KBC Group NV now owns 2,929 shares of the company’s stock valued at $123,000 after acquiring an additional 832 shares in the last quarter. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

Braze Trading Up 7.3%

NASDAQ BRZE opened at $36.14 on Tuesday. Braze, Inc. has a 1 year low of $27.45 and a 1 year high of $48.33. The company has a fifty day simple moving average of $32.85 and a 200 day simple moving average of $37.79. The company has a market cap of $3.78 billion, a P/E ratio of -31.70 and a beta of 1.15.

Braze (NASDAQ:BRZE) last released its quarterly earnings results on Thursday, March 27th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. The company had revenue of $160.40 million during the quarter, compared to analysts’ expectations of $155.72 million. Braze had a negative net margin of 20.41% and a negative return on equity of 24.88%. The business’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) earnings per share. Equities research analysts forecast that Braze, Inc. will post -0.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BRZE. Wells Fargo & Company reduced their price target on shares of Braze from $55.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Raymond James increased their target price on shares of Braze from $45.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, March 28th. Canaccord Genuity Group boosted their price target on shares of Braze from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, March 28th. Stephens assumed coverage on Braze in a report on Wednesday, March 19th. They set an “overweight” rating and a $43.00 price objective for the company. Finally, Stifel Nicolaus set a $50.00 target price on Braze and gave the company a “buy” rating in a research note on Friday, March 28th. One equities research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $51.25.

Insider Buying and Selling at Braze

In other news, Director Phillip M. Fernandez sold 1,500 shares of the company’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $41.46, for a total transaction of $62,190.00. Following the completion of the transaction, the director now owns 15,269 shares of the company’s stock, valued at approximately $633,052.74. This represents a 8.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Susan Wiseman sold 4,167 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $30.98, for a total transaction of $129,093.66. Following the completion of the sale, the general counsel now owns 248,999 shares of the company’s stock, valued at approximately $7,713,989.02. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,937 shares of company stock valued at $2,235,381 in the last 90 days. 24.03% of the stock is currently owned by insiders.

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.