Northwestern Mutual Wealth Management Co. Buys 100,068 Shares of Braze, Inc. $BRZE

Northwestern Mutual Wealth Management Co. increased its stake in Braze, Inc. (NASDAQ:BRZE) by 232,716.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 100,111 shares of the company’s stock after purchasing an additional 100,068 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.09% of Braze worth $3,433,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Braze by 10.0% in the 4th quarter. Vanguard Group Inc. now owns 9,851,050 shares of the company’s stock worth $337,793,000 after buying an additional 892,635 shares in the last quarter. Champlain Investment Partners LLC increased its stake in Braze by 10.8% in the 3rd quarter. Champlain Investment Partners LLC now owns 2,687,928 shares of the company’s stock worth $76,445,000 after buying an additional 261,351 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Braze by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,455,367 shares of the company’s stock worth $69,831,000 after buying an additional 139,133 shares in the last quarter. Battery Management CORP. increased its stake in Braze by 70.2% in the 3rd quarter. Battery Management CORP. now owns 2,425,000 shares of the company’s stock worth $68,967,000 after buying an additional 1,000,000 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Braze by 28.8% in the 2nd quarter. Alliancebernstein L.P. now owns 2,320,171 shares of the company’s stock worth $65,197,000 after buying an additional 518,103 shares in the last quarter. 90.47% of the stock is owned by institutional investors.

Braze Price Performance

Shares of Braze stock opened at $24.35 on Monday. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of -19.96 and a beta of 0.78. The business has a 50-day moving average price of $21.66 and a 200-day moving average price of $24.59. Braze, Inc. has a twelve month low of $15.26 and a twelve month high of $37.67.

Braze (NASDAQ:BRZE) last issued its quarterly earnings data on Tuesday, March 24th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The firm had revenue of $205.17 million for the quarter, compared to analysts’ expectations of $198.23 million. Braze had a negative net margin of 17.78% and a negative return on equity of 18.75%. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 EPS. On average, equities analysts expect that Braze, Inc. will post -0.87 EPS for the current fiscal year.

Insider Buying and Selling at Braze

In other news, General Counsel Susan Wiseman sold 35,000 shares of the firm’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $20.29, for a total transaction of $710,150.00. Following the completion of the transaction, the general counsel owned 209,424 shares in the company, valued at $4,249,212.96. This trade represents a 14.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 18.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Mizuho cut their price target on Braze from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, March 25th. Citizens Jmp reiterated a “market outperform” rating and issued a $35.00 price target on shares of Braze in a research note on Wednesday, April 29th. UBS Group cut their price target on Braze from $43.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. TD Cowen cut their price target on Braze from $43.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, March 20th. Finally, Citigroup cut their price target on Braze from $53.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Twenty-two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.90.

About Braze

Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.

The core functionality of Braze’s platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.