AMI Asset Management Corp Sells 1,129 Shares of Braze, Inc. (NASDAQ:BRZE)

AMI Asset Management Corp decreased its holdings in shares of Braze, Inc. (NASDAQ:BRZE) by 3.4% in the fourth quarter, HoldingsChannel reports. The firm owned 32,309 shares of the company’s stock after selling 1,129 shares during the quarter. AMI Asset Management Corp’s holdings in Braze were worth $1,353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BRZE. Quarry LP bought a new position in shares of Braze during the second quarter valued at approximately $50,000. KBC Group NV increased its position in 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 purchasing an additional 615 shares during the period. Amalgamated Bank raised its holdings in Braze by 18.9% in the 3rd quarter. Amalgamated Bank now owns 2,253 shares of the company’s stock worth $73,000 after purchasing an additional 358 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Braze in the 2nd quarter worth about $229,000. Finally, Moody National Bank Trust Division bought a new stake in shares of Braze during the 4th quarter valued at about $233,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Braze Stock Performance

Shares of Braze stock opened at $44.11 on Tuesday. Braze, Inc. has a twelve month low of $29.18 and a twelve month high of $61.53. The company’s 50 day moving average is $41.38 and its 200 day moving average is $38.51.

Wall Street Analysts Forecast Growth

BRZE has been the subject of a number of research reports. Oppenheimer reissued an “outperform” rating and issued a $51.00 price target on shares of Braze in a research note on Tuesday, December 10th. Loop Capital restated a “buy” rating and issued a $75.00 target price on shares of Braze in a research note on Tuesday, September 24th. William Blair reaffirmed an “outperform” rating on shares of Braze in a research note on Thursday, December 19th. UBS Group lowered their price objective on Braze from $56.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Finally, The Goldman Sachs Group decreased their price target on shares of Braze from $65.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Braze has a consensus rating of “Moderate Buy” and an average target price of $53.74.

Insider Activity

In other news, insider Myles Kleeger sold 2,100 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $45.00, for a total transaction of $94,500.00. Following the completion of the sale, the insider now owns 184,396 shares of the company’s stock, valued at $8,297,820. The trade was a 1.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Phillip M. Fernandez sold 1,500 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $43.13, for a total value of $64,695.00. Following the completion of the sale, the director now owns 15,269 shares of the company’s stock, valued at $658,551.97. This trade represents a 8.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 174,583 shares of company stock valued at $7,325,468 in the last ninety days. 24.03% of the stock is currently owned by company insiders.

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.