Braze, Inc. (NASDAQ:BRZE) Short Interest Update

Braze, Inc. (NASDAQ:BRZE) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 4,810,000 shares, a growth of 11.9% from the December 15th total of 4,300,000 shares. Currently, 6.9% of the company’s stock are sold short. Based on an average daily trading volume, of 1,360,000 shares, the short-interest ratio is presently 3.5 days.

Braze Stock Up 0.0 %

Braze stock traded up $0.02 during trading on Friday, hitting $44.11. The company had a trading volume of 1,458,037 shares, compared to its average volume of 1,143,840. The company’s 50 day simple moving average is $41.22 and its 200-day simple moving average is $38.49. Braze has a 1-year low of $29.18 and a 1-year high of $61.53.

Analyst Upgrades and Downgrades

BRZE has been the topic of a number of recent research reports. JMP Securities restated a “market outperform” rating and set a $68.00 price target on shares of Braze in a research report on Tuesday, September 24th. Oppenheimer restated an “outperform” rating and issued a $51.00 price target on shares of Braze in a research report on Tuesday, December 10th. Piper Sandler increased their price target on Braze from $40.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. UBS Group lowered their price objective on Braze from $56.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Finally, Stifel Nicolaus raised their target price on Braze from $37.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Braze presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.74.

Insider Activity at Braze

In other news, General Counsel Susan Wiseman sold 3,853 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.45, for a total transaction of $132,735.85. Following the completion of the sale, the general counsel now owns 203,077 shares of the company’s stock, valued at $6,996,002.65. The trade was a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Myles Kleeger sold 9,225 shares of Braze stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.45, for a total value of $317,801.25. Following the completion of the sale, the insider now directly owns 190,738 shares in the company, valued at $6,570,924.10. This represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 174,583 shares of company stock valued at $7,325,468 in the last ninety days. Corporate insiders own 24.03% of the company’s stock.

Institutional Investors Weigh In On Braze

A number of institutional investors have recently modified their holdings of the company. Blair William & Co. IL lifted its position in shares of Braze by 2.2% during the second quarter. Blair William & Co. IL now owns 12,928 shares of the company’s stock worth $502,000 after purchasing an additional 283 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Braze by 3.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 10,828 shares of the company’s stock valued at $453,000 after acquiring an additional 346 shares in the last quarter. Amalgamated Bank boosted its holdings in Braze by 18.9% in the third quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock valued at $73,000 after purchasing an additional 358 shares during the period. Creative Planning grew its stake in Braze by 1.7% during the 2nd quarter. Creative Planning now owns 23,121 shares of the company’s stock worth $898,000 after purchasing an additional 384 shares in the last quarter. Finally, KBC Group NV increased its holdings in Braze by 41.5% during the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after purchasing an additional 615 shares during the period. 90.47% of the stock is owned by institutional investors and hedge funds.

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.