B. Metzler seel. Sohn & Co. Holding AG acquired a brand new stake in Braze, Inc. (NASDAQ:BRZE – Free Report) through the third quarter, in accordance with the corporate in its most up-to-date submitting with the Securities & Trade Fee. The institutional investor acquired 54,003 shares of the corporate’s inventory, valued at roughly $1,746,000. B. Metzler seel. Sohn & Co. Holding AG owned about 0.05% of Braze on the finish of the latest quarter.
Different institutional buyers have additionally purchased and offered shares of the corporate. KBC Group NV lifted its place in shares of Braze by 41.5% through the third quarter. KBC Group NV now owns 2,097 shares of the corporate’s inventory price $68,000 after buying an extra 615 shares within the final quarter. Victory Capital Administration Inc. boosted its stake in Braze by 5.0% through the third quarter. Victory Capital Administration Inc. now owns 411,544 shares of the corporate’s inventory valued at $13,309,000 after shopping for an extra 19,567 shares through the interval. WCM Funding Administration LLC boosted its stake in Braze by 14.4% through the third quarter. WCM Funding Administration LLC now owns 398,022 shares of the corporate’s inventory valued at $13,222,000 after shopping for an extra 50,113 shares through the interval. Assetmark Inc. boosted its stake in Braze by 7.6% through the third quarter. Assetmark Inc. now owns 27,181 shares of the corporate’s inventory valued at $879,000 after shopping for an extra 1,923 shares through the interval. Lastly, SpiderRock Advisors LLC purchased a brand new stake in Braze through the third quarter valued at $1,122,000. Hedge funds and different institutional buyers personal 90.47% of the corporate’s inventory.
Wall Road Analysts Forecast Development
A number of equities analysis analysts just lately issued studies on BRZE shares. JMP Securities reissued a “market outperform” score and set a $68.00 worth goal on shares of Braze in a analysis notice on Tuesday, September twenty fourth. Loop Capital restated a “purchase” score and set a $75.00 worth goal on shares of Braze in a analysis report on Tuesday, September twenty fourth. Piper Sandler lowered their worth goal on Braze from $51.00 to $40.00 and set an “chubby” score on the inventory in a analysis report on Thursday, October tenth. TD Cowen decreased their worth goal on Braze from $52.00 to $45.00 and set a “purchase” score on the inventory in a report on Tuesday, September twenty fourth. Lastly, Oppenheimer decreased their worth goal on Braze from $60.00 to $51.00 and set an “outperform” score on the inventory in a report on Tuesday, September twenty fourth. One analysis analyst has rated the inventory with a maintain score and nineteen have assigned a purchase score to the corporate. In keeping with MarketBeat, Braze at present has a consensus score of “Reasonable Purchase” and a consensus goal worth of $54.47.
Learn Our Newest Evaluation on Braze
Braze Inventory Efficiency
Braze inventory opened at $38.71 on Friday. The inventory’s 50 day easy shifting common is $32.92 and its two-hundred day easy shifting common is $37.48. The inventory has a market cap of $3.98 billion, a price-to-earnings ratio of -32.80 and a beta of 1.03. Braze, Inc. has a fifty-two week low of $29.18 and a fifty-two week excessive of $61.53.
Braze (NASDAQ:BRZE – Get Free Report) final issued its quarterly earnings outcomes on Thursday, September fifth. The corporate reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.12. Braze had a unfavourable return on fairness of 25.89% and a unfavourable internet margin of twenty-two.01%. The agency had income of $145.50 million for the quarter, in comparison with analysts’ expectations of $141.32 million. Throughout the identical interval within the earlier 12 months, the agency posted ($0.30) EPS. The enterprise’s income for the quarter was up 26.4% in comparison with the identical quarter final 12 months. On common, analysts predict that Braze, Inc. will submit -1.02 earnings per share for the present 12 months.
Insider Transactions at Braze
In associated information, CTO Jonathan Hyman offered 6,930 shares of the corporate’s inventory in a transaction that occurred on Monday, November 18th. The inventory was offered at a median worth of $34.45, for a complete worth of $238,738.50. Following the transaction, the chief expertise officer now immediately owns 163,020 shares of the corporate’s inventory, valued at roughly $5,616,039. This represents a 4.08 % lower of their place. The transaction was disclosed in a authorized submitting with the SEC, which might be accessed by this hyperlink. Additionally, Director Fernando Machado offered 1,377 shares of the corporate’s inventory in a transaction that occurred on Monday, October seventh. The shares had been offered at a median worth of $30.65, for a complete worth of $42,205.05. Following the completion of the transaction, the director now immediately owns 8,937 shares within the firm, valued at $273,919.05. This commerce represents a 13.35 % lower of their possession of the inventory. The disclosure for this sale might be discovered right here. Insiders have offered a complete of 190,479 shares of firm inventory valued at $7,148,911 within the final ninety days. 24.03% of the inventory is at present owned by company insiders.
Braze Firm Profile
Braze, Inc operates a buyer engagement platform that gives interactions between customers and types worldwide. The corporate presents Braze software program improvement kits that mechanically handle knowledge ingestion and ship cell and internet notifications, in-application/in-browser interstitial messages, and content material playing cards; REST API that can be utilized to import or export knowledge or to set off workflows between Braze and types’ current expertise stacks; Companion Knowledge Integrations, which permit manufacturers to sync consumer cohorts from companions; Knowledge Transformation, during which manufacturers can programmatically sync and remodel consumer knowledge; and Braze Cloud Knowledge Ingestion that permits manufacturers to harness their buyer knowledge.
Featured Tales
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