Braze, Inc. (NASDAQ:BRZE) Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Braze, Inc. (NASDAQ:BRZE) by 69.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,494,100 shares of the company’s stock after purchasing an additional 612,400 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 1.45% of Braze worth $48,319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in BRZE. Quarry LP bought a new position in shares of Braze during the 2nd quarter valued at about $50,000. Comerica Bank boosted 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 worth $54,000 after buying an additional 276 shares during the period. KBC Group NV boosted its holdings in shares of Braze by 41.5% in the third quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after buying an additional 615 shares during the period. Amalgamated Bank boosted its holdings in shares of Braze by 18.9% in the third quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after buying an additional 358 shares during the period. Finally, Canton Hathaway LLC lifted its position in shares of Braze by 149.9% in the second quarter. Canton Hathaway LLC now owns 1,979 shares of the company’s stock worth $77,000 after purchasing an additional 1,187 shares in the last quarter. Institutional investors own 90.47% of the company’s stock.

Insider Transactions at Braze

In other Braze news, CFO Isabelle Winkles sold 4,500 shares of Braze stock in a transaction 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 sale, the chief financial officer now owns 216,208 shares in the company, valued at $9,385,589.28. The trade was a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Fernando Machado sold 1,377 shares of Braze stock in a transaction on Monday, October 7th. The stock was sold at an average price of $30.65, for a total transaction of $42,205.05. Following the sale, the director now owns 8,937 shares in the company, valued at $273,919.05. This represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 130,479 shares of company stock worth $4,414,911. Insiders own 24.03% of the company’s stock.

Braze Stock Down 0.7 %

NASDAQ:BRZE opened at $38.82 on Thursday. The company’s 50 day moving average is $33.14 and its 200-day moving average is $37.37. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of -32.87 and a beta of 1.03. Braze, Inc. has a 12 month low of $29.18 and a 12 month high of $61.53.

Braze (NASDAQ:BRZE) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.12. The business 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%. Braze’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.30) earnings per share. Research analysts predict that Braze, Inc. will post -1.02 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price target on shares of Braze in a research report on Tuesday, September 24th. TD Cowen reduced their price target on shares of Braze from $52.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. The Goldman Sachs Group reduced their price target on shares of Braze from $65.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. JMP Securities reissued a “market outperform” rating and issued a $68.00 price target on shares of Braze in a research report on Tuesday, September 24th. Finally, Barclays reduced their price target on shares of Braze from $80.00 to $70.00 and set an “overweight” rating for the company in a research report on Monday, August 26th. One research analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.95.

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.