Braze, Inc. $BRZE Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in shares of Braze, Inc. (NASDAQ:BRZE) by 6.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,455,367 shares of the company’s stock after acquiring an additional 139,133 shares during the period. JPMorgan Chase & Co. owned about 2.21% of Braze worth $69,831,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its stake in Braze by 173.3% during the second quarter. SBI Securities Co. Ltd. now owns 1,372 shares of the company’s stock valued at $39,000 after purchasing an additional 870 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Braze by 821.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after buying an additional 1,404 shares during the period. Covestor Ltd grew its position in shares of Braze by 35.7% during the 3rd quarter. Covestor Ltd now owns 2,894 shares of the company’s stock valued at $82,000 after buying an additional 761 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Braze during the third quarter worth about $119,000. Finally, Quent Capital LLC bought a new position in Braze in the third quarter worth about $133,000. 90.47% of the stock is currently owned by institutional investors.

Braze Price Performance

Shares of Braze stock opened at $17.32 on Wednesday. Braze, Inc. has a 1-year low of $15.26 and a 1-year high of $43.89. The business’s fifty day moving average price is $25.75 and its two-hundred day moving average price is $27.60. The company has a market capitalization of $1.94 billion, a P/E ratio of -15.75 and a beta of 1.07.

Braze (NASDAQ:BRZE) last issued its quarterly earnings results on Tuesday, December 9th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. Braze had a negative return on equity of 17.87% and a negative net margin of 16.85%.The company had revenue of $190.84 million for the quarter, compared to analyst estimates of $198.25 million. During the same period last year, the company earned $0.02 earnings per share. The company’s quarterly revenue was up 25.5% compared to the same quarter last year. Braze has set its FY 2026 guidance at 0.420-0.430 EPS and its Q4 2026 guidance at 0.130-0.140 EPS. On average, research analysts expect that Braze, Inc. will post -0.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Stifel Nicolaus set a $40.00 target price on Braze in a research note on Monday, February 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Braze in a research report on Monday, December 29th. Cantor Fitzgerald restated an “overweight” rating and set a $38.00 price objective on shares of Braze in a research note on Wednesday, December 10th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $68.00 target price on shares of Braze in a research report on Wednesday, December 10th. Finally, Wolfe Research raised shares of Braze to an “overweight” rating in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Braze presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.30.

Insider Activity at Braze

In other news, General Counsel Susan Wiseman sold 4,167 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $17.03, for a total value of $70,964.01. Following the completion of the sale, the general counsel directly owned 209,864 shares of the company’s stock, valued at approximately $3,573,983.92. This represents a 1.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William Magnuson sold 26,413 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $16.93, for a total transaction of $447,172.09. Following the completion of the transaction, the chief executive officer owned 4,491,098 shares of the company’s stock, valued at $76,034,289.14. This trade represents a 0.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 66,216 shares of company stock worth $1,225,772 in the last three months. Insiders own 18.20% of the company’s stock.

Braze Company 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.