51,500 Shares in Braze, Inc. $BRZE Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new position in shares of Braze, Inc. (NASDAQ:BRZE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 51,500 shares of the company’s stock, valued at approximately $1,447,000.

Other hedge funds have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Braze during the 1st quarter worth $50,988,000. Nuveen LLC purchased a new position in shares of Braze during the 1st quarter worth approximately $35,393,000. Norges Bank acquired a new position in shares of Braze during the 2nd quarter worth approximately $24,467,000. TimesSquare Capital Management LLC purchased a new stake in Braze in the 2nd quarter valued at approximately $14,071,000. Finally, Marshall Wace LLP grew its holdings in Braze by 80.7% during the 2nd quarter. Marshall Wace LLP now owns 1,104,307 shares of the company’s stock valued at $31,031,000 after buying an additional 493,109 shares during the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Wall Street Analysts Forecast Growth

BRZE has been the topic of a number of analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $50.00 price objective on shares of Braze in a research note on Wednesday, October 1st. DA Davidson reiterated a “buy” rating and set a $40.00 price target on shares of Braze in a report on Friday, September 5th. Wells Fargo & Company reissued an “overweight” rating on shares of Braze in a research report on Wednesday. Stifel Nicolaus increased their price target on Braze from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, JMP Securities reissued a “market outperform” rating and issued a $68.00 price target on shares of Braze in a research note on Friday, September 5th. Twenty investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $45.16.

Insider Activity

In other Braze news, General Counsel Susan Wiseman sold 5,474 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $26.64, for a total transaction of $145,827.36. Following the completion of the sale, the general counsel directly owned 224,250 shares in the company, valued at $5,974,020. The trade was a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Astha Malik sold 14,322 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $26.64, for a total transaction of $381,538.08. Following the completion of the transaction, the insider directly owned 219,338 shares in the company, valued at approximately $5,843,164.32. This represents a 6.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 68,557 shares of company stock valued at $1,856,089 over the last quarter. 18.20% of the stock is owned by insiders.

Braze Price Performance

NASDAQ BRZE opened at $30.65 on Wednesday. Braze, Inc. has a 1-year low of $23.91 and a 1-year high of $48.33. The firm has a market capitalization of $3.41 billion, a P/E ratio of -29.47 and a beta of 1.10. The business’s 50-day simple moving average is $27.99 and its 200-day simple moving average is $28.63.

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.