Unison Asset Management LLC Sells 2,253 Shares of Braze, Inc. (NASDAQ:BRZE)

Unison Asset Management LLC trimmed its position in shares of Braze, Inc. (NASDAQ:BRZE) by 17.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 10,847 shares of the company’s stock after selling 2,253 shares during the quarter. Braze makes up approximately 0.2% of Unison Asset Management LLC’s investment portfolio, making the stock its 27th biggest holding. Unison Asset Management LLC’s holdings in Braze were worth $351,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BRZE. Quarry LP acquired a new position in shares of Braze in the 2nd quarter worth approximately $50,000. Comerica Bank boosted its holdings in shares of Braze by 29.4% in the 1st quarter. Comerica Bank now owns 1,216 shares of the company’s stock worth $54,000 after acquiring an additional 276 shares in the last quarter. KBC Group NV boosted its holdings in shares of Braze by 41.5% in the 3rd quarter. KBC Group NV now owns 2,097 shares of the company’s stock worth $68,000 after acquiring an additional 615 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of Braze by 18.9% in the 3rd 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. Finally, Canton Hathaway LLC boosted its holdings in shares of Braze by 149.9% in the 2nd quarter. Canton Hathaway LLC now owns 1,979 shares of the company’s stock worth $77,000 after acquiring an additional 1,187 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Myles Kleeger sold 6,342 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $36.03, for a total transaction of $228,502.26. Following the completion of the transaction, the insider now directly owns 184,396 shares in the company, valued at $6,643,787.88. This represents a 3.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Susan Wiseman sold 8,553 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $44.31, for a total transaction of $378,983.43. Following the transaction, the general counsel now owns 206,930 shares of the company’s stock, valued at approximately $9,169,068.30. This represents a 3.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 130,479 shares of company stock worth $4,414,911. Corporate insiders own 24.03% of the company’s stock.

Braze Trading Down 0.1 %

BRZE stock opened at $38.66 on Monday. The stock has a 50-day moving average price of $32.99 and a two-hundred day moving average price of $37.40. The stock has a market cap of $3.97 billion, a PE ratio of -32.80 and a beta of 1.03. Braze, Inc. has a 1 year low of $29.18 and a 1 year high of $61.53.

Braze (NASDAQ:BRZE) last released its earnings results on Thursday, September 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.12. The firm had revenue of $145.50 million during the quarter, compared to analysts’ expectations of $141.32 million. Braze had a negative return on equity of 25.89% and a negative net margin of 22.01%. The company’s revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.30) EPS. On average, analysts forecast that Braze, Inc. will post -1.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BRZE. Loop Capital reissued a “buy” rating and issued a $75.00 target price on shares of Braze in a report on Tuesday, September 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price objective on shares of Braze in a report on Tuesday, September 24th. JPMorgan Chase & Co. reduced their price objective on Braze from $55.00 to $47.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Stifel Nicolaus initiated coverage on Braze in a report on Tuesday, October 22nd. They set a “buy” rating and a $37.00 price objective on the stock. Finally, Barclays reduced their price objective on Braze from $80.00 to $70.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. One analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.47.

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.