Braze, Inc. (NASDAQ:BRZE) Major Shareholder Acquires $645,323.76 in Stock

Braze, Inc. (NASDAQ:BRZEGet Rating) major shareholder Iconiq Strategic Partners Vi, bought 17,172 shares of Braze stock in a transaction that occurred on Friday, April 8th. The shares were acquired at an average price of $37.58 per share, with a total value of $645,323.76. Following the acquisition, the insider now directly owns 322,390 shares of the company’s stock, valued at approximately $12,115,416.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Iconiq Strategic Partners Vi, also recently made the following trade(s):

  • On Wednesday, April 6th, Iconiq Strategic Partners Vi, purchased 77,924 shares of Braze stock. The stock was purchased at an average price of $37.37 per share, with a total value of $2,912,019.88.

NASDAQ:BRZE traded up $1.02 during mid-day trading on Tuesday, reaching $39.10. 698,589 shares of the company’s stock were exchanged, compared to its average volume of 599,275. Braze, Inc. has a one year low of $30.76 and a one year high of $98.78. The business’s fifty day moving average is $44.31.

Braze (NASDAQ:BRZEGet Rating) last released its quarterly earnings results on Wednesday, March 30th. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.01. As a group, analysts anticipate that Braze, Inc. will post -1.77 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Calamos Advisors LLC bought a new position in Braze in the 4th quarter valued at about $1,087,000. Renaissance Capital LLC bought a new position in Braze in the 4th quarter valued at about $277,000. Ensign Peak Advisors Inc bought a new position in Braze in the 4th quarter valued at about $1,410,000. LMR Partners LLP bought a new position in Braze in the 4th quarter valued at about $3,086,000. Finally, Ghisallo Capital Management LLC bought a new position in Braze in the 4th quarter valued at about $5,401,000. 1.92% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have commented on BRZE shares. The Goldman Sachs Group cut their price target on shares of Braze from $100.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, March 16th. Cowen started coverage on shares of Braze in a research note on Monday, December 13th. They issued an “outperform” rating and a $100.00 price target for the company. Loop Capital cut their price target on shares of Braze from $90.00 to $75.00 in a research note on Thursday, March 31st. Oppenheimer cut their price target on shares of Braze from $85.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, March 31st. Finally, William Blair reiterated an “outperform” rating on shares of Braze in a research note on Thursday, March 31st. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $71.54.

Braze Company Profile (Get Rating)

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. It offers data ingestion products, such as Braze software development kits that automatically manage data ingestion and the delivery of mobile and web notifications, in-application/in-browser interstitial messages, and content cards, as well as can be integrated into a range of digital interfaces and application development frameworks; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; and partner cohort syncing, which allow brands to sync user cohorts from partners.

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