Stanley Laman Group Ltd. Has $267,000 Holdings in Braze, Inc. $BRZE

Stanley Laman Group Ltd. cut its position in shares of Braze, Inc. (NASDAQ:BRZE) by 5.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,514 shares of the company’s stock after selling 533 shares during the period. Stanley Laman Group Ltd.’s holdings in Braze were worth $267,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Braze by 236.1% in the 1st quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock valued at $27,000 after buying an additional 517 shares during the period. Quarry LP boosted its position in shares of Braze by 296.0% during the 1st quarter. Quarry LP now owns 796 shares of the company’s stock valued at $29,000 after acquiring an additional 595 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Braze in the first quarter valued at about $36,000. SouthState Corp acquired a new position in Braze in the first quarter worth about $83,000. Finally, IFP Advisors Inc lifted its stake in Braze by 17.7% during the second quarter. IFP Advisors Inc now owns 3,987 shares of the company’s stock worth $117,000 after purchasing an additional 601 shares during the period. 90.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, General Counsel Susan Wiseman sold 4,943 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $25.14, for a total value of $124,267.02. Following the completion of the transaction, the general counsel owned 229,724 shares in the company, valued at $5,775,261.36. This trade represents a 2.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jonathan Hyman sold 8,918 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $25.94, for a total transaction of $231,332.92. Following the completion of the sale, the chief technology officer directly owned 205,106 shares in the company, valued at approximately $5,320,449.64. The trade was a 4.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 75,012 shares of company stock worth $2,028,483 in the last 90 days. Company insiders own 18.20% of the company’s stock.

Wall Street Analysts Forecast Growth

BRZE has been the topic of several analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $50.00 price objective on shares of Braze in a research note on Wednesday, October 1st. Oppenheimer lowered their price target on Braze from $44.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 24th. Canaccord Genuity Group reiterated a “buy” rating and set a $43.00 price objective on shares of Braze in a research note on Friday, September 5th. The Goldman Sachs Group set a $52.00 target price on shares of Braze and gave the company a “buy” rating in a research note on Saturday, September 6th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $40.00 target price on shares of Braze in a report on Friday, September 5th. Nineteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Braze presently has an average rating of “Moderate Buy” and a consensus target price of $45.11.

Braze Stock Performance

Shares of Braze stock opened at $26.14 on Friday. The firm has a fifty day moving average of $28.28 and a two-hundred day moving average of $29.62. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of -25.13 and a beta of 1.10. Braze, Inc. has a 52 week low of $23.91 and a 52 week high of $48.33.

Braze (NASDAQ:BRZE) last posted its earnings results on Thursday, September 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.25). Braze had a negative net margin of 16.62% and a negative return on equity of 17.97%. The business had revenue of $180.11 million during the quarter, compared to analyst estimates of $171.63 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The firm’s revenue was up 23.8% on a year-over-year basis. Braze has set its FY 2026 guidance at 0.410-0.420 EPS. Q3 2026 guidance at 0.060-0.070 EPS. As a group, research analysts forecast that Braze, Inc. will post -0.98 EPS for the current fiscal year.

Braze Company 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.