Peregrine Capital Management LLC Has $6.77 Million Stake in Braze, Inc. $BRZE

Peregrine Capital Management LLC lifted its position in shares of Braze, Inc. (NASDAQ:BRZE) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 240,902 shares of the company’s stock after acquiring an additional 4,110 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.23% of Braze worth $6,769,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Braze by 236.1% during the 1st quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock valued at $27,000 after acquiring an additional 517 shares in the last quarter. Quarry LP lifted its holdings in Braze by 296.0% during the 1st quarter. Quarry LP now owns 796 shares of the company’s stock worth $29,000 after buying an additional 595 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Braze during the 1st quarter worth about $36,000. SouthState Corp acquired a new position in Braze during the 1st quarter worth about $83,000. Finally, IFP Advisors Inc lifted its holdings in Braze by 15.3% during the 1st quarter. IFP Advisors Inc now owns 3,386 shares of the company’s stock worth $122,000 after buying an additional 449 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

Insider Buying and Selling at Braze

In other Braze news, General Counsel Susan Wiseman sold 4,988 shares of Braze stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $25.94, for a total transaction of $129,388.72. Following the completion of the transaction, the general counsel owned 234,667 shares in the company, valued at approximately $6,087,261.98. The trade was a 2.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Astha Malik sold 13,049 shares of Braze stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $25.94, for a total value of $338,491.06. Following the transaction, the insider owned 236,930 shares of the company’s stock, valued at $6,145,964.20. This trade represents a 5.22% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,011 shares of company stock worth $1,758,363. 18.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BRZE has been the subject of several research analyst reports. Mizuho lifted their price objective on Braze from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. JMP Securities reissued a “market outperform” rating and issued a $68.00 price objective on shares of Braze in a research report on Friday, September 5th. Barclays boosted their target price on Braze from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. UBS Group decreased their target price on Braze from $48.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, September 5th. Finally, William Blair reaffirmed an “outperform” rating on shares of Braze in a research report on Wednesday, October 1st. Nineteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.11.

Braze Stock Performance

BRZE stock opened at $28.01 on Tuesday. The company has a market capitalization of $3.12 billion, a P/E ratio of -26.93 and a beta of 1.10. Braze, Inc. has a 52-week low of $23.91 and a 52-week high of $48.33. The business has a 50-day simple moving average of $28.65 and a two-hundred day simple moving average of $29.48.

Braze (NASDAQ:BRZE) last released its quarterly 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). The company had revenue of $180.11 million for the quarter, compared to analyst estimates of $171.63 million. Braze had a negative net margin of 16.62% and a negative return on equity of 17.97%. Braze’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. 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, sell-side analysts forecast that Braze, Inc. will post -0.98 earnings per share for the current fiscal year.

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.