Braze, Inc. $BRZE Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in Braze, Inc. (NASDAQ:BRZE) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,082,739 shares of the company’s stock after purchasing an additional 84,365 shares during the period. Geode Capital Management LLC owned about 1.86% of Braze worth $71,430,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. King Luther Capital Management Corp increased its holdings in shares of Braze by 6.8% in the 4th quarter. King Luther Capital Management Corp now owns 214,944 shares of the company’s stock valued at $7,370,000 after acquiring an additional 13,658 shares during the last quarter. Clearstead Advisors LLC increased its holdings in shares of Braze by 162.8% in the 4th quarter. Clearstead Advisors LLC now owns 4,429 shares of the company’s stock valued at $152,000 after acquiring an additional 2,744 shares during the last quarter. Lisanti Capital Growth LLC bought a new stake in shares of Braze in the 4th quarter valued at approximately $4,082,000. Legato Capital Management LLC bought a new stake in shares of Braze in the 4th quarter valued at approximately $1,123,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Braze by 8.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,628 shares of the company’s stock valued at $467,000 after acquiring an additional 1,020 shares during the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, General Counsel Susan Wiseman sold 35,000 shares of the stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $20.29, for a total value of $710,150.00. Following the completion of the transaction, the general counsel owned 209,424 shares of the company’s stock, valued at approximately $4,249,212.96. This represents a 14.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 12.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BRZE. TD Cowen lowered their price target on Braze from $43.00 to $30.00 and set a “buy” rating for the company in a report on Friday, March 20th. DA Davidson reiterated a “buy” rating and issued a $33.00 price target on shares of Braze in a report on Thursday, May 28th. Barclays boosted their price target on Braze from $29.00 to $31.00 and gave the company an “overweight” rating in a report on Wednesday, March 25th. Canaccord Genuity Group lowered their price target on Braze from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. boosted their price target on Braze from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Wednesday, March 25th. Nineteen analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Braze Price Performance

Shares of BRZE opened at $23.07 on Tuesday. The company has a market cap of $2.60 billion, a P/E ratio of -20.60 and a beta of 0.83. The stock has a fifty day moving average price of $22.79 and a 200 day moving average price of $24.33. Braze, Inc. has a 12 month low of $15.26 and a 12 month high of $37.33.

Braze (NASDAQ:BRZE) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The firm had revenue of $211.00 million during the quarter, compared to the consensus estimate of $205.19 million. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.The firm’s revenue was up 30.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 EPS. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. As a group, research analysts anticipate that Braze, Inc. will post -0.76 earnings per share for the current year.

Braze Profile

Braze, Inc is a publicly traded software company (NASDAQ: BRZE) that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.

The core functionality of Braze’s platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.