AlpInvest Partners B.V. Has $532,000 Holdings in Braze, Inc. (NASDAQ:BRZE)

AlpInvest Partners B.V. decreased its position in Braze, Inc. (NASDAQ:BRZE) by 50.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,012 shares of the company’s stock after selling 10,013 shares during the period. Braze accounts for about 0.1% of AlpInvest Partners B.V.’s portfolio, making the stock its 19th largest holding. AlpInvest Partners B.V.’s holdings in Braze were worth $532,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BRZE. Morgan Stanley boosted its stake in shares of Braze by 20.1% in the third quarter. Morgan Stanley now owns 5,387,736 shares of the company’s stock valued at $251,769,000 after buying an additional 899,894 shares during the period. Vanguard Group Inc. boosted its stake in shares of Braze by 4.5% in the third quarter. Vanguard Group Inc. now owns 5,266,393 shares of the company’s stock valued at $246,099,000 after buying an additional 228,089 shares during the period. BlackRock Inc. boosted its stake in shares of Braze by 296.6% in the second quarter. BlackRock Inc. now owns 2,604,483 shares of the company’s stock valued at $114,050,000 after buying an additional 1,947,831 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Braze by 12.5% in the second quarter. Alliancebernstein L.P. now owns 2,376,204 shares of the company’s stock valued at $104,054,000 after buying an additional 263,250 shares during the period. Finally, Invesco Ltd. lifted its stake in Braze by 167.5% during the third quarter. Invesco Ltd. now owns 1,293,974 shares of the company’s stock worth $60,467,000 after purchasing an additional 810,295 shares during the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Isabelle Winkles sold 5,489 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $57.51, for a total transaction of $315,672.39. Following the transaction, the chief financial officer now owns 282,564 shares of the company’s stock, valued at approximately $16,250,255.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Isabelle Winkles sold 5,489 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $57.51, for a total value of $315,672.39. Following the transaction, the chief financial officer now owns 282,564 shares of the company’s stock, valued at approximately $16,250,255.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Myles Kleeger sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $56.96, for a total transaction of $854,400.00. Following the completion of the transaction, the insider now directly owns 244,291 shares in the company, valued at approximately $13,914,815.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,454 shares of company stock worth $4,081,771. Company insiders own 26.48% of the company’s stock.

Braze Stock Down 3.4 %

Braze stock traded down $1.43 during trading hours on Monday, reaching $40.43. 1,695,787 shares of the company’s stock were exchanged, compared to its average volume of 863,795. The firm’s 50 day simple moving average is $51.83 and its 200 day simple moving average is $50.97. Braze, Inc. has a twelve month low of $25.76 and a twelve month high of $61.53. The firm has a market capitalization of $4.08 billion, a PE ratio of -30.40 and a beta of 1.14.

Analysts Set New Price Targets

Several research firms have weighed in on BRZE. UBS Group upgraded Braze from a “neutral” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Thursday, March 21st. DA Davidson restated a “buy” rating and set a $65.00 target price on shares of Braze in a research note on Monday, March 25th. TD Cowen cut their target price on Braze from $68.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. JPMorgan Chase & Co. lowered their price target on shares of Braze from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, March 28th. Finally, Canaccord Genuity Group lowered their price target on shares of Braze from $70.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.29.

Braze Company Profile

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.