Canton Hathaway LLC Has $37,000 Holdings in Braze, Inc. (NASDAQ:BRZE)

Canton Hathaway LLC trimmed its stake in Braze, Inc. (NASDAQ:BRZE) by 41.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,153 shares of the company’s stock after selling 826 shares during the period. Canton Hathaway LLC’s holdings in Braze were worth $37,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of Braze in the first quarter valued at about $114,000. Vanguard Group Inc. grew its holdings in shares of Braze by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 5,894,938 shares of the company’s stock worth $261,146,000 after purchasing an additional 148,366 shares in the last quarter. American International Group Inc. grew its holdings in shares of Braze by 1.2% during the 1st quarter. American International Group Inc. now owns 26,369 shares of the company’s stock worth $1,168,000 after purchasing an additional 310 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Braze by 17.8% during the first quarter. Advisors Asset Management Inc. now owns 1,917 shares of the company’s stock valued at $85,000 after purchasing an additional 290 shares during the period. Finally, Silvercrest Asset Management Group LLC acquired a new position in shares of Braze in the first quarter valued at $5,714,000. Institutional investors own 90.47% of the company’s stock.

Braze Stock Down 0.1 %

Shares of NASDAQ:BRZE opened at $38.66 on Monday. The firm has a market cap of $3.97 billion, a P/E ratio of -32.80 and a beta of 1.03. Braze, Inc. has a 12 month low of $29.18 and a 12 month high of $61.53. The company’s 50-day moving average price is $32.99 and its two-hundred day moving average price is $37.40.

Braze (NASDAQ:BRZE) last issued its quarterly earnings results on Thursday, September 5th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.12. Braze had a negative net margin of 22.01% and a negative return on equity of 25.89%. The business had revenue of $145.50 million during the quarter, compared to analyst estimates of $141.32 million. During the same quarter last year, the business posted ($0.30) earnings per share. Braze’s revenue for the quarter was up 26.4% compared to the same quarter last year. As a group, equities analysts predict that Braze, Inc. will post -1.02 earnings per share for the current fiscal year.

Insider Transactions at Braze

In related news, CTO Jonathan Hyman sold 6,930 shares of Braze stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.45, for a total value of $238,738.50. Following the completion of the sale, the chief technology officer now directly owns 163,020 shares in the company, valued at $5,616,039. This trade represents a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Roger H. Lee sold 56,830 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $30.27, for a total transaction of $1,720,244.10. Following the transaction, the insider now owns 56,830 shares in the company, valued at approximately $1,720,244.10. The trade was a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 130,479 shares of company stock worth $4,414,911 over the last 90 days. 24.03% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BRZE shares. UBS Group decreased their price target on shares of Braze from $56.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Oppenheimer decreased their target price on shares of Braze from $60.00 to $51.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 24th. Barclays dropped their price target on shares of Braze from $80.00 to $70.00 and set an “overweight” rating for the company in a research report on Monday, August 26th. DA Davidson decreased their price objective on Braze from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Finally, TD Cowen lowered their price objective on Braze from $52.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.47.

About Braze

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.