Quantinno Capital Management LP Has $4.71 Million Stock Position in Braze, Inc. $BRZE

Quantinno Capital Management LP grew its stake in Braze, Inc. (NASDAQ:BRZE) by 1,057.5% during the 1st quarter, HoldingsChannel reports. The firm owned 199,292 shares of the company’s stock after acquiring an additional 182,074 shares during the quarter. Quantinno Capital Management LP’s holdings in Braze were worth $4,705,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BRZE. NBC Securities Inc. bought a new position in shares of Braze during the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd grew its position in Braze by 3,650.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock valued at $28,000 after acquiring an additional 803 shares during the period. Fifth Third Bancorp bought a new stake in Braze in the first quarter valued at $27,000. Kemnay Advisory Services Inc. acquired a new position in Braze during the fourth quarter worth $52,000. Finally, Osaic Holdings Inc. raised its stake in Braze by 821.1% during the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock worth $44,000 after acquiring an additional 1,404 shares in the last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.

Braze Stock Down 1.9%

Shares of NASDAQ BRZE opened at $25.71 on Friday. The firm’s 50-day simple moving average is $23.48 and its 200 day simple moving average is $21.88. The company has a market cap of $2.90 billion, a price-to-earnings ratio of -22.96 and a beta of 0.83. Braze, Inc. has a 12-month low of $15.26 and a 12-month high of $37.33.

Braze (NASDAQ:BRZE) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. Braze had a negative net margin of 15.51% and a negative return on equity of 17.52%. The firm had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $205.19 million. During the same quarter last year, the company posted $0.07 EPS. The company’s quarterly revenue was up 30.2% compared to the same quarter last year. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. On average, equities analysts expect that Braze, Inc. will post -0.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BRZE. JPMorgan Chase & Co. boosted their target price on shares of Braze from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Braze in a research report on Tuesday, July 7th. Cantor Fitzgerald reissued an “overweight” rating and set a $38.00 price target on shares of Braze in a report on Thursday, May 28th. Stifel Nicolaus set a $30.00 price target on shares of Braze in a research report on Thursday, May 28th. Finally, Citigroup decreased their price objective on shares of Braze from $49.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Braze presently has an average rating of “Moderate Buy” and an average target price of $34.76.

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.