Braze (NASDAQ:BRZE) Given New $45.00 Price Target at Raymond James

Braze (NASDAQ:BRZE) had its target price trimmed by Raymond James from $48.00 to $45.00 in a report released on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

BRZE has been the subject of a number of other research reports. Macquarie boosted their price objective on Braze from $30.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. Stifel Nicolaus boosted their price target on Braze from $37.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Braze in a research report on Monday, February 3rd. Citigroup boosted their target price on shares of Braze from $47.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Piper Sandler raised their price target on shares of Braze from $40.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $52.70.

Braze Stock Performance

NASDAQ BRZE opened at $36.05 on Thursday. Braze has a 52-week low of $29.18 and a 52-week high of $55.47. The stock has a market cap of $3.73 billion, a PE ratio of -31.62 and a beta of 1.17. The firm has a 50-day moving average of $40.31 and a 200-day moving average of $38.13.

Insider Transactions at Braze

In other Braze news, General Counsel Susan Wiseman sold 3,486 shares of Braze stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $40.02, for a total value of $139,509.72. Following the transaction, the general counsel now owns 182,109 shares in the company, valued at $7,288,002.18. The trade was a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Myles Kleeger sold 8,365 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $40.12, for a total transaction of $335,603.80. Following the completion of the transaction, the insider now directly owns 168,882 shares of the company’s stock, valued at $6,775,545.84. This trade represents a 4.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,470 shares of company stock valued at $3,841,921. Corporate insiders own 24.03% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BRZE. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Braze by 2.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,340 shares of the company’s stock valued at $559,000 after acquiring an additional 316 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Braze by 3.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 10,828 shares of the company’s stock valued at $453,000 after purchasing an additional 346 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Braze by 168.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 646 shares of the company’s stock valued at $27,000 after purchasing an additional 405 shares in the last quarter. KBC Group NV grew its holdings in shares of Braze by 41.5% during the third 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. Finally, Aster Capital Management DIFC Ltd increased its stake in shares of Braze by 9,188.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 836 shares of the company’s stock valued at $35,000 after buying an additional 827 shares during the period. 90.47% of the stock is currently owned by institutional investors and hedge funds.

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.