5,539 Shares in Braze, Inc. (NASDAQ:BRZE) Bought by Evoke Wealth LLC

Evoke Wealth LLC acquired a new stake in Braze, Inc. (NASDAQ:BRZE) during the second quarter, HoldingsChannel reports. The firm acquired 5,539 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors also recently bought and sold shares of the company. Neo Ivy Capital Management purchased a new position in shares of Braze during the fourth quarter worth about $40,000. Covestor Ltd increased its holdings in shares of Braze by 401.1% in the first quarter. Covestor Ltd now owns 922 shares of the company’s stock valued at $41,000 after purchasing an additional 738 shares during the period. Comerica Bank increased its holdings in shares of Braze by 29.4% in the first quarter. Comerica Bank now owns 1,216 shares of the company’s stock valued at $54,000 after purchasing an additional 276 shares during the period. RiverPark Advisors LLC raised its stake in shares of Braze by 360.9% during the first quarter. RiverPark Advisors LLC now owns 1,802 shares of the company’s stock worth $80,000 after purchasing an additional 1,411 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Braze by 17.8% during the first quarter. Advisors Asset Management Inc. now owns 1,917 shares of the company’s stock worth $85,000 after purchasing an additional 290 shares during the period. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Braze

In other Braze news, General Counsel Susan Wiseman sold 3,447 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $44.00, for a total transaction of $151,668.00. Following the completion of the transaction, the general counsel now owns 206,930 shares of the company’s stock, valued at $9,104,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Isabelle Winkles sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $43.41, for a total transaction of $195,345.00. Following the transaction, the chief financial officer now owns 216,208 shares of the company’s stock, valued at $9,385,589.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Susan Wiseman sold 3,447 shares of Braze stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $44.00, for a total transaction of $151,668.00. Following the completion of the sale, the general counsel now directly owns 206,930 shares of the company’s stock, valued at $9,104,920. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 188,727 shares of company stock valued at $8,140,693. 24.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BRZE has been the topic of several recent research reports. Canaccord Genuity Group boosted their price objective on shares of Braze from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Raymond James cut their price target on shares of Braze from $65.00 to $55.00 and set an “outperform” rating for the company in a report on Friday, June 7th. Scotiabank upgraded shares of Braze from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $48.00 to $56.00 in a research report on Wednesday, July 10th. JMP Securities reiterated a “market outperform” rating and set a $68.00 target price on shares of Braze in a research report on Friday, September 6th. Finally, Barclays reduced their price target on Braze from $80.00 to $70.00 and set an “overweight” rating for the company in a report on Monday, August 26th. Seventeen investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $60.50.

Braze Price Performance

Braze stock opened at $36.39 on Friday. The firm has a market capitalization of $3.70 billion, a PE ratio of -28.43 and a beta of 1.07. Braze, Inc. has a 52 week low of $33.24 and a 52 week high of $61.53. The firm’s 50-day simple moving average is $40.49 and its 200 day simple moving average is $41.44.

Braze (NASDAQ:BRZE) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.12. The company had revenue of $145.50 million for the quarter, compared to the consensus estimate of $141.32 million. Braze had a negative net margin of 22.01% and a negative return on equity of 25.89%. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.30) earnings per share. On average, research analysts expect that Braze, Inc. will post -1.05 EPS for the current fiscal year.

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.