Braze, Inc. $BRZE Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. cut its position in shares of Braze, Inc. (NASDAQ:BRZE) by 9.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,993 shares of the company’s stock after selling 9,691 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Braze were worth $2,641,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Quarry LP increased its holdings in shares of 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 last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Braze in the first quarter worth approximately $36,000. SouthState Corp acquired a new stake in Braze during the first quarter worth $83,000. IFP Advisors Inc raised its position in Braze by 17.7% in the second quarter. IFP Advisors Inc now owns 3,987 shares of the company’s stock valued at $117,000 after purchasing an additional 601 shares during the period. Finally, CWM LLC lifted its stake in shares of Braze by 9.7% in the 2nd quarter. CWM LLC now owns 6,009 shares of the company’s stock valued at $169,000 after purchasing an additional 532 shares during the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Insider Transactions at Braze

In other news, CEO William Magnuson sold 24,325 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $25.94, for a total value of $630,990.50. Following the sale, the chief executive officer directly owned 721,444 shares in the company, valued at approximately $18,714,257.36. This trade represents a 3.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Susan Wiseman sold 4,943 shares of Braze stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $25.14, for a total transaction of $124,267.02. Following the sale, the general counsel directly owned 229,724 shares of the company’s stock, valued at approximately $5,775,261.36. This trade represents a 2.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 66,011 shares of company stock valued at $1,758,363 over the last quarter. Insiders own 18.20% of the company’s stock.

Braze Trading Up 1.9%

NASDAQ:BRZE opened at $28.74 on Friday. Braze, Inc. has a 12-month low of $23.91 and a 12-month high of $48.33. The firm has a market cap of $3.20 billion, a PE ratio of -27.63 and a beta of 1.10. The stock has a fifty day moving average price of $28.96 and a 200 day moving average price of $29.34.

Braze (NASDAQ:BRZE) last issued its quarterly earnings results on Thursday, September 4th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.25). The company had revenue of $180.11 million for the quarter, compared to analysts’ expectations of $171.63 million. Braze had a negative return on equity of 17.97% and a negative net margin of 16.62%.Braze’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter last year, the company earned $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. Equities analysts forecast that Braze, Inc. will post -0.98 EPS for the current year.

Wall Street Analysts Forecast Growth

BRZE has been the topic of several research analyst reports. Cantor Fitzgerald boosted their price objective on shares of Braze from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Citigroup boosted their price target on shares of Braze from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Mizuho increased their price objective on shares of Braze from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. UBS Group dropped their target price on shares of Braze from $48.00 to $43.00 and set a “buy” rating for the company in a report on Friday, September 5th. Finally, JMP Securities restated a “market outperform” rating and set a $68.00 price target on shares of Braze in a research note on Friday, September 5th. Nineteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Braze presently has an average rating of “Moderate Buy” and a consensus target price of $45.11.

Braze 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.