BTIG Research assumed coverage on shares of Braze (NASDAQ:BRZE – Get Rating) in a research report sent to investors on Wednesday morning, The Fly reports. The firm issued a buy rating and a $34.00 price target on the stock.

BRZE has been the subject of a number of other research reports. UBS Group lowered their price objective on shares of Braze to $40.00 in a research report on Wednesday, December 14th. Piper Sandler lowered their target price on Braze from $38.00 to $33.00 and set an overweight rating for the company in a report on Wednesday, December 14th. Canaccord Genuity Group cut their price target on Braze from $47.00 to $33.00 in a report on Wednesday, December 14th. Loop Capital lowered their price objective on Braze from $52.00 to $40.00 and set a buy rating for the company in a research note on Wednesday, December 14th. Finally, Cowen cut their target price on Braze from $47.00 to $44.00 in a research note on Wednesday, December 14th. Fifteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus price target of $42.07.

Braze Price Performance

Shares of BRZE opened at $30.73 on Wednesday. Braze has a 12-month low of $22.53 and a 12-month high of $67.48. The business's fifty day moving average price is $26.19 and its 200 day moving average price is $34.50. The stock has a market capitalization of $2.94 billion, a PE ratio of -18.40 and a beta of 0.41.

Insider Buying and Selling

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Sapphire Ventures L.L.C. acquired a new stake in Braze in the 2nd quarter valued at about $63,235,000. Cadian Capital Management LP boosted its holdings in Braze by 60.5% during the third quarter. Cadian Capital Management LP now owns 4,622,677 shares of the company's stock worth $161,008,000 after buying an additional 1,742,969 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Braze by 195.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,506,050 shares of the company's stock worth $87,286,000 after buying an additional 1,658,690 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Braze by 27.4% in the third quarter. Vanguard Group Inc. now owns 3,078,339 shares of the company's stock valued at $107,219,000 after buying an additional 662,837 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new stake in shares of Braze during the 2nd quarter valued at $22,693,000. 44.13% of the stock is owned by institutional investors and hedge funds.

About Braze

(Get Rating)

Braze, Inc operates a customer engagement platform that provides interactions between consumers and brands worldwide. It offers data ingestion products, such as Braze software development kits that automatically manage data ingestion and the delivery of mobile and web notifications, in-application/in-browser interstitial messages, and content cards, as well as can be integrated into a range of digital interfaces and application development frameworks; REST API that can be used to import or export data or to trigger workflows between Braze and brands' existing technology stacks; and partner cohort syncing, which allow brands to sync user cohorts from partners.

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