Dimensional Fund Advisors LP Sells 2,379 Shares of Braze, Inc. (NASDAQ:BRZE)

Dimensional Fund Advisors LP decreased its stake in shares of Braze, Inc. (NASDAQ:BRZE) by 30.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,542 shares of the company’s stock after selling 2,379 shares during the period. Dimensional Fund Advisors LP’s holdings in Braze were worth $232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd grew its holdings in Braze by 9,188.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company’s stock valued at $35,000 after purchasing an additional 827 shares during the period. KBC Group NV grew its holdings in shares of Braze by 39.7% during the fourth quarter. KBC Group NV now owns 2,929 shares of the company’s stock worth $123,000 after purchasing an additional 832 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Braze by 8,436.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 939 shares of the company’s stock valued at $39,000 after buying an additional 928 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Braze during the 4th quarter valued at about $47,000. Finally, Arizona State Retirement System boosted its stake in shares of Braze by 7.2% in the 4th quarter. Arizona State Retirement System now owns 17,928 shares of the company’s stock valued at $751,000 after purchasing an additional 1,203 shares in the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Insiders Place Their Bets

In related news, General Counsel Susan Wiseman sold 4,167 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $30.98, for a total transaction of $129,093.66. Following the completion of the sale, the general counsel now directly owns 248,999 shares of the company’s stock, valued at approximately $7,713,989.02. This trade represents a 1.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William Magnuson sold 18,050 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $40.82, for a total transaction of $736,801.00. Following the completion of the transaction, the chief executive officer now owns 564,766 shares in the company, valued at approximately $23,053,748.12. The trade was a 3.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,937 shares of company stock valued at $2,235,381 in the last quarter. 24.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BRZE shares. Wells Fargo & Company dropped their price objective on Braze from $55.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Stephens started coverage on shares of Braze in a report on Wednesday, March 19th. They set an “overweight” rating and a $43.00 target price on the stock. Stifel Nicolaus set a $50.00 price objective on shares of Braze and gave the company a “buy” rating in a research report on Friday, March 28th. Barclays decreased their price target on Braze from $70.00 to $47.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Canaccord Genuity Group boosted their target price on shares of Braze from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, March 28th. One investment analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $50.10.

Braze Stock Performance

Shares of NASDAQ:BRZE opened at $36.89 on Friday. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of -32.36 and a beta of 1.15. The firm has a fifty day moving average price of $33.09 and a 200 day moving average price of $37.88. Braze, Inc. has a fifty-two week low of $27.45 and a fifty-two week high of $48.33.

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

About Braze

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.