Versor Investments LP Makes New Investment in Braze, Inc. $BRZE

Versor Investments LP acquired a new position in shares of Braze, Inc. (NASDAQ:BRZE) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 22,710 shares of the company’s stock, valued at approximately $638,000.

Several other hedge funds have also recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd bought a new position in shares of Braze during the first quarter worth approximately $691,000. GAMMA Investing LLC increased its holdings in shares of Braze by 236.1% during the first quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $27,000 after purchasing an additional 517 shares during the period. AlphaQuest LLC increased its holdings in shares of Braze by 250.6% during the second quarter. AlphaQuest LLC now owns 17,899 shares of the company’s stock worth $503,000 after purchasing an additional 12,794 shares during the period. Vident Advisory LLC bought a new position in shares of Braze during the first quarter worth approximately $356,000. Finally, Stephens Investment Management Group LLC increased its holdings in shares of Braze by 45.9% during the second quarter. Stephens Investment Management Group LLC now owns 1,169,860 shares of the company’s stock worth $32,873,000 after purchasing an additional 368,190 shares during the period. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Braze

In other Braze news, CAO Pankaj Malik sold 4,174 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $32.77, for a total value of $136,781.98. Following the sale, the chief accounting officer owned 62,756 shares in the company, valued at $2,056,514.12. This trade represents a 6.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Jonathan Hyman sold 8,918 shares of the firm’s stock in a transaction that occurred on 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 owned 205,106 shares in the company, valued at $5,320,449.64. This represents a 4.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 66,011 shares of company stock valued at $1,758,363. Corporate insiders own 18.20% of the company’s stock.

Braze Price Performance

Shares of NASDAQ:BRZE opened at $28.19 on Tuesday. The company’s 50 day simple moving average is $28.85 and its 200 day simple moving average is $29.44. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of -27.11 and a beta of 1.10. Braze, Inc. has a 1 year low of $23.91 and a 1 year high of $48.33.

Braze (NASDAQ:BRZE) last issued its earnings results on Thursday, September 4th. The company reported ($0.22) earnings per share 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 company had revenue of $180.11 million during the quarter, compared to analyst estimates of $171.63 million. During the same quarter in the prior year, the business earned $0.09 EPS. The business’s quarterly 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, analysts anticipate that Braze, Inc. will post -0.98 EPS for the current fiscal year.

Analyst Ratings Changes

BRZE has been the topic of several recent research reports. Mizuho raised their target price on shares of Braze from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Barclays raised their target price on shares of Braze from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. William Blair reissued an “outperform” rating on shares of Braze in a research note on Wednesday, October 1st. Weiss Ratings reissued a “sell (e+)” rating on shares of Braze in a research note on Wednesday, October 8th. Finally, DA Davidson reissued a “buy” rating and issued a $40.00 price objective on shares of Braze in a research note on Friday, September 5th. Nineteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.