Fiera Capital Corp Reduces Stock Holdings in Braze, Inc. (NASDAQ:BRZE)

Fiera Capital Corp trimmed its position in shares of Braze, Inc. (NASDAQ:BRZE) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 715,213 shares of the company’s stock after selling 39,994 shares during the period. Fiera Capital Corp owned 0.69% of Braze worth $29,953,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. KBC Group NV lifted its stake in shares of 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 buying an additional 615 shares in the last quarter. Amalgamated Bank lifted its position in shares of Braze by 18.9% during the third quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after acquiring an additional 358 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Braze in the fourth quarter worth $165,000. Moody National Bank Trust Division bought a new position in shares of Braze in the fourth quarter worth $233,000. Finally, Modus Advisors LLC purchased a new position in shares of Braze in the fourth quarter valued at $253,000. 90.47% of the stock is owned by hedge funds and other institutional investors.

Braze Stock Performance

Shares of BRZE opened at $41.78 on Friday. Braze, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $59.98. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of -36.65 and a beta of 1.13. The firm has a 50 day moving average price of $43.50 and a 200-day moving average price of $39.05.

Wall Street Analyst Weigh In

BRZE has been the subject of several analyst reports. JPMorgan Chase & Co. cut their target price on Braze from $55.00 to $47.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Braze in a research note on Monday, February 3rd. Oppenheimer reiterated an “outperform” rating and issued a $51.00 target price on shares of Braze in a research note on Tuesday, December 10th. 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. Finally, Citigroup increased their price objective on Braze from $47.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.74.

Insiders Place Their Bets

In related news, CAO Pankaj Malik sold 3,432 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.45, for a total transaction of $118,232.40. Following the completion of the sale, the chief accounting officer now directly owns 67,095 shares in the company, valued at $2,311,422.75. This represents a 4.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO William Magnuson sold 17,933 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.45, for a total transaction of $617,791.85. Following the sale, the chief executive officer now directly owns 582,816 shares of the company’s stock, valued at $20,078,011.20. The trade was a 2.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 184,583 shares of company stock valued at $7,797,668 over the last three months. Insiders own 24.03% of the company’s stock.

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.