Virtu Financial LLC Invests $253,000 in Braze, Inc. (NASDAQ:BRZE)

Virtu Financial LLC acquired a new stake in shares of Braze, Inc. (NASDAQ:BRZE) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,837 shares of the company’s stock, valued at approximately $253,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of Braze during the second quarter valued at $50,000. KBC Group NV boosted its stake in Braze by 41.5% during the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock valued at $68,000 after purchasing an additional 615 shares during the period. Amalgamated Bank grew its position in Braze by 18.9% in the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after purchasing an additional 358 shares during the last quarter. Evoke Wealth LLC acquired a new stake in shares of Braze in the second quarter valued at approximately $215,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Braze during the second quarter valued at approximately $229,000. 90.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Roger H. Lee sold 56,830 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $30.27, for a total value of $1,720,244.10. Following the completion of the sale, the insider now owns 56,830 shares of the company’s stock, valued at $1,720,244.10. This trade represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Isabelle Winkles sold 4,500 shares of Braze stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $32.12, for a total value of $144,540.00. Following the transaction, the chief financial officer now owns 216,208 shares in the company, valued at $6,944,600.96. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 124,090 shares of company stock valued at $4,118,955. 24.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BRZE shares. Wells Fargo & Company decreased their price objective on Braze from $65.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, November 26th. Citigroup increased their price target on Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Oppenheimer restated an “outperform” rating and set a $51.00 price objective on shares of Braze in a research note on Tuesday, December 10th. Loop Capital reiterated a “buy” rating and issued a $75.00 target price on shares of Braze in a research report on Tuesday, September 24th. Finally, Stifel Nicolaus boosted their price target on shares of Braze from $37.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $53.74.

Braze Stock Down 0.1 %

Shares of Braze stock opened at $44.75 on Wednesday. Braze, Inc. has a 12-month low of $29.18 and a 12-month high of $61.53. The firm has a market capitalization of $4.60 billion, a PE ratio of -39.25 and a beta of 1.15. The stock’s fifty day moving average is $35.40 and its 200-day moving average is $37.32.

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.