Jefferies Financial Group Inc. Buys New Position in Braze, Inc. (NASDAQ:BRZE)

Jefferies Financial Group Inc. bought a new stake in Braze, Inc. (NASDAQ:BRZE) in the fourth quarter, HoldingsChannel.com reports. The firm bought 44,600 shares of the company’s stock, valued at approximately $1,868,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BRZE. Tower Research Capital LLC TRC lifted its position in shares of 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 purchasing an additional 405 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its position in Braze by 9,188.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company’s stock valued at $35,000 after acquiring an additional 827 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Braze by 8,436.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 939 shares of the company’s stock valued at $39,000 after purchasing an additional 928 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Braze in the fourth quarter valued at approximately $47,000. Finally, Plato Investment Management Ltd purchased a new stake in Braze in the 4th quarter valued at $115,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Braze Price Performance

Shares of NASDAQ BRZE opened at $36.79 on Wednesday. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of -32.27 and a beta of 1.15. Braze, Inc. has a 1-year low of $27.45 and a 1-year high of $48.33. The business has a 50-day moving average of $32.89 and a 200-day moving average of $37.78.

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

Insider Buying and Selling at Braze

In related news, insider Myles Kleeger sold 7,149 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $40.82, for a total value of $291,822.18. Following the completion of the transaction, the insider now owns 177,247 shares of the company’s stock, valued at approximately $7,235,222.54. This represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Susan Wiseman sold 3,925 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $40.82, for a total value of $160,218.50. Following the transaction, the general counsel now owns 185,595 shares of the company’s stock, valued at approximately $7,575,987.90. This trade represents a 2.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,937 shares of company stock valued at $2,235,381 in the last ninety days. Insiders own 24.03% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on BRZE shares. Stephens began coverage on Braze in a research note on Wednesday, March 19th. They set an “overweight” rating and a $43.00 price objective for the company. Canaccord Genuity Group increased their target price on shares of Braze from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, March 28th. Piper Sandler dropped their target price on shares of Braze from $48.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. Citigroup lifted their price target on shares of Braze from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, March 28th. Finally, Stifel Nicolaus set a $50.00 price target on Braze and gave the company a “buy” rating in a report on Friday, March 28th. One analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $51.25.

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.