JSF Financial LLC Has $1.31 Million Stock Position in Braze, Inc. $BRZE

JSF Financial LLC cut its stake in Braze, Inc. (NASDAQ:BRZE) by 8.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,558 shares of the company’s stock after selling 4,285 shares during the period. JSF Financial LLC’s holdings in Braze were worth $1,308,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. increased its holdings in shares of Braze by 3.4% in the second quarter. Harbor Capital Advisors Inc. now owns 126,816 shares of the company’s stock valued at $3,564,000 after purchasing an additional 4,225 shares in the last quarter. Rhumbline Advisers boosted its position in Braze by 6.3% in the 1st quarter. Rhumbline Advisers now owns 93,189 shares of the company’s stock valued at $3,362,000 after buying an additional 5,532 shares during the last quarter. Strs Ohio bought a new position in Braze in the 1st quarter valued at $220,000. Intech Investment Management LLC boosted its position in Braze by 18.8% in the 1st quarter. Intech Investment Management LLC now owns 40,281 shares of the company’s stock valued at $1,453,000 after buying an additional 6,379 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Braze during the first quarter valued at $691,000. 90.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Braze news, CEO William Magnuson sold 24,325 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $25.94, for a total value of $630,990.50. Following the completion of the transaction, the chief executive officer directly owned 721,444 shares in the company, valued at $18,714,257.36. This trade represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Astha Malik sold 3,270 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $32.51, for a total transaction of $106,307.70. Following the sale, the insider directly owned 233,660 shares in the company, valued at $7,596,286.60. This trade represents a 1.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,798 shares of company stock valued at $2,158,088 in the last quarter. 18.20% of the stock is currently owned by corporate insiders.

Braze Trading Up 2.5%

Shares of BRZE opened at $28.42 on Friday. The firm has a fifty day simple moving average of $28.40 and a 200 day simple moving average of $30.33. Braze, Inc. has a 12 month low of $23.91 and a 12 month high of $48.33. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of -27.33 and a beta of 1.10.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Cantor Fitzgerald boosted their price objective on Braze from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Citigroup lifted their price target on shares of Braze from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Oppenheimer lowered their price target on shares of Braze from $44.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, June 24th. DA Davidson reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Braze in a research note on Friday, September 5th. Finally, William Blair reaffirmed an “outperform” rating on shares of Braze in a research note on Wednesday. Nineteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.11.

Braze 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.