Sincerus Advisory LLC Purchases Shares of 20,402 Braze, Inc. (NASDAQ:BRZE)

Sincerus Advisory LLC acquired a new position in shares of Braze, Inc. (NASDAQ:BRZE) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 20,402 shares of the company’s stock, valued at approximately $854,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. KBC Group NV boosted its holdings in Braze by 41.5% during the third quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after buying an additional 615 shares in the last quarter. Amalgamated Bank raised its position in shares of Braze by 18.9% in the third quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after acquiring an additional 358 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Braze during the 4th quarter worth about $165,000. Moody National Bank Trust Division acquired a new stake in shares of Braze during the 4th quarter valued at about $233,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Braze in the 4th quarter valued at about $236,000. Institutional investors and hedge funds own 90.47% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BRZE shares. DA Davidson dropped their price target on shares of Braze from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, December 10th. Oppenheimer reissued an “outperform” rating and issued a $51.00 price objective on shares of Braze in a research note on Tuesday, December 10th. William Blair reaffirmed an “outperform” rating on shares of Braze in a research note on Thursday, December 19th. The Goldman Sachs Group reduced their target price on shares of Braze from $65.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Finally, Piper Sandler boosted their price target on shares of Braze from $40.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.74.

Braze Trading Down 3.8 %

Shares of BRZE opened at $37.05 on Wednesday. The company’s 50-day moving average price is $43.14 and its 200 day moving average price is $39.03. Braze, Inc. has a 12-month low of $29.18 and a 12-month high of $59.12. The firm has a market cap of $3.83 billion, a P/E ratio of -32.50 and a beta of 1.13.

Insider Buying and Selling at Braze

In related news, CTO Jonathan Hyman sold 5,210 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $40.82, for a total transaction of $212,672.20. Following the completion of the transaction, the chief technology officer now owns 157,810 shares of the company’s stock, valued at approximately $6,441,804.20. This trade represents a 3.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Susan Wiseman sold 41,210 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $45.09, for a total value of $1,858,158.90. Following the completion of the sale, the general counsel now directly owns 199,520 shares in the company, valued at approximately $8,996,356.80. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 183,581 shares of company stock worth $8,059,840 over the last three months. Insiders own 24.03% of the company’s stock.

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.