9,360 Shares in Braze, Inc. (NASDAQ:BRZE) Bought by Bank Julius Baer & Co. Ltd Zurich

Posted by Defense World Staff on Oct 10th, 2023

Bank Julius Baer & Co. Ltd Zurich bought a new position in Braze, Inc. (NASDAQ:BRZE – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,360 shares of the company’s stock, valued at approximately $410,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Canton Hathaway LLC bought a new stake in Braze during the 2nd quarter worth about $35,000. Royal Bank of Canada lifted its position in Braze by 189.3% during the 3rd quarter. Royal Bank of Canada now owns 1,160 shares of the company’s stock worth $40,000 after buying an additional 759 shares in the last quarter. Bank of America Corp DE lifted its position in Braze by 50,225.0% during the 1st quarter. Bank of America Corp DE now owns 2,013 shares of the company’s stock worth $83,000 after buying an additional 2,009 shares in the last quarter. Barclays PLC bought a new stake in Braze during the 1st quarter worth about $109,000. Finally, JPMorgan Chase & Co. bought a new stake in Braze during the 2nd quarter worth about $140,000. 49.47% of the stock is owned by institutional investors and hedge funds.

Braze Stock Up 0.3 %

Braze stock opened at $47.62 on Tuesday. The stock has a market cap of $4.71 billion, a P/E ratio of -33.30 and a beta of 0.99. Braze, Inc. has a twelve month low of $22.53 and a twelve month high of $50.13. The company’s 50-day moving average price is $44.48 and its two-hundred day moving average price is $39.03.

Braze (NASDAQ:BRZE – Get Free Report) last released its quarterly earnings results on Thursday, September 7th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.09. Braze had a negative net margin of 33.51% and a negative return on equity of 29.85%. The firm had revenue of $115.11 million for the quarter, compared to analysts’ expectations of $108.47 million. Equities analysts anticipate that Braze, Inc. will post -1.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Raymond James boosted their price target on shares of Braze from $44.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, September 8th. Citigroup began coverage on shares of Braze in a report on Tuesday, September 5th. They issued a “buy” rating and a $60.00 target price on the stock. Piper Sandler upped their target price on shares of Braze from $45.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, September 8th. JPMorgan Chase & Co. upped their target price on shares of Braze from $45.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, September 8th. Finally, BTIG Research upped their target price on shares of Braze from $50.00 to $54.00 and gave the company a “buy” rating in a report on Friday, September 8th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.47.

Get Our Latest Analysis on Braze

Insiders Place Their Bets

In other Braze news, General Counsel Susan Wiseman sold 2,466 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $40.23, for a total transaction of $99,207.18. Following the transaction, the general counsel now owns 78,814 shares in the company, valued at approximately $3,170,687.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Braze news, General Counsel Susan Wiseman sold 2,466 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $40.23, for a total transaction of $99,207.18. Following the transaction, the general counsel now owns 78,814 shares in the company, valued at approximately $3,170,687.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William Magnuson sold 11,552 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $41.26, for a total transaction of $476,635.52. Following the transaction, the chief executive officer now owns 478,509 shares in the company, valued at approximately $19,743,281.34. The disclosure for this sale can be found here. Insiders have sold a total of 500,866 shares of company stock worth $22,164,868 in the last quarter. Corporate insiders own 26.48% of the company’s stock.

About Braze

(Free Report)

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers data ingestion products, such as 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 cohort syncing, which allow brands to sync user cohorts from partners; and Braze Cloud Data Ingestion that enables brands to harness their customer data.