Strs Ohio Has $1.04 Million Position in Braze, Inc. (NASDAQ:BRZE)

Strs Ohio cut its stake in shares of Braze, Inc. (NASDAQ:BRZE) by 8.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 19,600 shares of the company’s stock after selling 1,900 shares during the quarter. Strs Ohio’s holdings in Braze were worth $1,041,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fred Alger Management LLC acquired a new position in shares of Braze in the 3rd quarter valued at about $29,000. BluePath Capital Management LLC acquired a new position in shares of Braze in the 3rd quarter valued at about $31,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Braze in the 3rd quarter valued at about $61,000. Wildcat Capital Management LLC acquired a new position in shares of Braze in the 3rd quarter valued at about $107,000. Finally, Olympiad Research LP acquired a new position in shares of Braze in the 3rd quarter valued at about $244,000. 90.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Phillip M. Fernandez sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $59.91, for a total value of $89,865.00. Following the completion of the transaction, the director now directly owns 11,056 shares of the company’s stock, valued at $662,364.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Phillip M. Fernandez sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $59.91, for a total value of $89,865.00. Following the completion of the transaction, the director now directly owns 11,056 shares of the company’s stock, valued at $662,364.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Fernando Machado sold 2,361 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $42.46, for a total value of $100,248.06. Following the completion of the transaction, the director now directly owns 6,101 shares of the company’s stock, valued at $259,048.46. The disclosure for this sale can be found here. Insiders sold a total of 77,815 shares of company stock valued at $4,164,679 over the last three months. Corporate insiders own 26.48% of the company’s stock.

Braze Stock Performance

Shares of BRZE opened at $40.79 on Wednesday. The stock has a 50 day moving average price of $49.67 and a two-hundred day moving average price of $50.69. The firm has a market capitalization of $4.11 billion, a P/E ratio of -30.67 and a beta of 1.14. Braze, Inc. has a 52 week low of $25.76 and a 52 week high of $61.53.

Braze (NASDAQ:BRZE) last released its earnings results on Wednesday, March 27th. The company reported ($0.29) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.02. The company had revenue of $130.96 million during the quarter, compared to analyst estimates of $124.55 million. Braze had a negative return on equity of 28.24% and a negative net margin of 27.44%. On average, equities analysts forecast that Braze, Inc. will post -1.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BRZE shares. JPMorgan Chase & Co. dropped their price objective on Braze from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Thursday, March 28th. William Blair reaffirmed an “outperform” rating on shares of Braze in a research report on Thursday, March 28th. Canaccord Genuity Group decreased their target price on Braze from $65.00 to $50.00 and set a “buy” rating for the company in a research report on Monday. Oppenheimer reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Braze in a research report on Thursday, March 28th. Finally, Raymond James decreased their target price on Braze from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday, March 28th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.41.

Braze Company 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.