Northwestern Mutual Wealth Management Co. Acquires 100,068 Shares of Braze, Inc. $BRZE

Northwestern Mutual Wealth Management Co. lifted its holdings in Braze, Inc. (NASDAQ:BRZE) by 232,716.3% in the fourth quarter, Holdings Channel reports. The fund owned 100,111 shares of the company’s stock after purchasing an additional 100,068 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Braze were worth $3,433,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BRZE. Barclays PLC lifted its holdings in shares of Braze by 443.0% in the 3rd quarter. Barclays PLC now owns 1,404,395 shares of the company’s stock valued at $39,941,000 after acquiring an additional 1,145,748 shares during the last quarter. UBS Group AG lifted its holdings in shares of Braze by 421.1% in the 3rd quarter. UBS Group AG now owns 1,279,678 shares of the company’s stock valued at $36,394,000 after acquiring an additional 1,034,087 shares during the last quarter. Battery Management CORP. lifted its holdings in shares of Braze by 70.2% in the 3rd quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock valued at $68,967,000 after acquiring an additional 1,000,000 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Braze by 238.2% in the 3rd quarter. Bank of America Corp DE now owns 1,351,227 shares of the company’s stock valued at $38,429,000 after acquiring an additional 951,674 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Braze by 10.0% in the 4th quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock valued at $337,793,000 after acquiring an additional 892,635 shares during the last quarter. Institutional investors own 90.47% of the company’s stock.

Braze Price Performance

Shares of NASDAQ BRZE opened at $24.35 on Monday. The company has a market cap of $2.76 billion, a P/E ratio of -19.96 and a beta of 0.78. Braze, Inc. has a 1 year low of $15.26 and a 1 year high of $37.67. The firm has a 50-day simple moving average of $21.66 and a two-hundred day simple moving average of $24.59.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Tuesday, March 24th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). The firm had revenue of $205.17 million during the quarter, compared to the consensus estimate of $198.23 million. Braze had a negative return on equity of 18.75% and a negative net margin of 17.78%.The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.12 EPS. As a group, equities research analysts expect that Braze, Inc. will post -0.87 EPS for the current year.

Insider Transactions at Braze

In other Braze news, General Counsel Susan Wiseman sold 35,000 shares of the firm’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $20.29, for a total value of $710,150.00. Following the completion of the sale, the general counsel owned 209,424 shares of the company’s stock, valued at $4,249,212.96. This trade represents a 14.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 18.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

BRZE has been the subject of a number of analyst reports. Stifel Nicolaus lowered their price target on shares of Braze from $40.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. BTIG Research reaffirmed a “buy” rating and issued a $30.00 price target on shares of Braze in a report on Friday, April 17th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $35.00 price target on shares of Braze in a report on Wednesday, April 29th. TD Cowen decreased their price objective on shares of Braze from $43.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, March 20th. Finally, UBS Group decreased their price objective on shares of Braze from $43.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Twenty-two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $36.90.

Braze Company Profile

Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.

The core functionality of Braze’s platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.