Braze, Inc. (NASDAQ:BRZE) Shares Sold by Unison Asset Management LLC

Unison Asset Management LLC lowered its stake in Braze, Inc. (NASDAQ:BRZE) by 17.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,847 shares of the company’s stock after selling 2,253 shares during the quarter. Braze comprises 0.2% of Unison Asset Management LLC’s portfolio, making the stock its 27th largest position. Unison Asset Management LLC’s holdings in Braze were worth $351,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Comerica Bank lifted its holdings in shares of Braze by 29.4% in the 1st quarter. Comerica Bank now owns 1,216 shares of the company’s stock worth $54,000 after purchasing an additional 276 shares during the last quarter. Quarry LP bought a new stake in shares of Braze in the 2nd quarter worth approximately $50,000. Advisors Asset Management Inc. lifted its holdings in shares of Braze by 17.8% in the 1st 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 last quarter. Canton Hathaway LLC lifted its holdings in shares of Braze by 149.9% in the 2nd quarter. Canton Hathaway LLC now owns 1,979 shares of the company’s stock worth $77,000 after purchasing an additional 1,187 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Braze by 41.5% in 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 last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

Insider Activity at Braze

In other Braze news, insider Myles Kleeger sold 6,342 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $36.03, for a total value of $228,502.26. Following the completion of the sale, the insider now owns 184,396 shares of the company’s stock, valued at $6,643,787.88. The trade was a 3.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Roger H. Lee sold 56,830 shares of the business’s stock in a transaction dated 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 directly owns 56,830 shares of the company’s stock, valued at $1,720,244.10. This represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 130,479 shares of company stock valued at $4,414,911. Insiders own 24.03% of the company’s stock.

Analyst Upgrades and Downgrades

BRZE has been the topic of several recent research reports. Barclays cut their price target on Braze from $80.00 to $70.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. JPMorgan Chase & Co. cut their price target on Braze from $55.00 to $47.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. The Goldman Sachs Group cut their target price on Braze from $65.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Loop Capital reaffirmed a “buy” rating and set a $75.00 target price on shares of Braze in a research note on Tuesday, September 24th. Finally, UBS Group cut their target price on Braze from $56.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. One research analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.47.

Braze Stock Down 0.1 %

Shares of Braze stock opened at $38.66 on Monday. The stock has a market cap of $3.97 billion, a PE ratio of -32.80 and a beta of 1.03. The business has a fifty day simple moving average of $32.99 and a 200-day simple moving average of $37.40. Braze, Inc. has a 12 month low of $29.18 and a 12 month high of $61.53.

Braze (NASDAQ:BRZE) last issued its earnings results on Thursday, September 5th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.12. The business had revenue of $145.50 million during the quarter, compared to analysts’ expectations of $141.32 million. Braze had a negative return on equity of 25.89% and a negative net margin of 22.01%. Braze’s revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.30) earnings per share. Analysts expect that Braze, Inc. will post -1.02 EPS for the current fiscal year.

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.