Stephens Investment Management Group LLC Purchases 137,843 Shares of Braze, Inc. $BRZE

Stephens Investment Management Group LLC increased its holdings in Braze, Inc. (NASDAQ:BRZE) by 11.2% in the first quarter, Holdings Channel reports. The fund owned 1,370,986 shares of the company’s stock after purchasing an additional 137,843 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Braze were worth $32,369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BRZE. NBC Securities Inc. purchased a new position in Braze during the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Braze by 3,650.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 825 shares of the company’s stock worth $28,000 after purchasing an additional 803 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Braze by 821.1% during the second quarter. Osaic Holdings Inc. now owns 1,575 shares of the company’s stock valued at $44,000 after purchasing an additional 1,404 shares in the last quarter. Quarry LP bought a new position in shares of Braze during the third quarter valued at approximately $46,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Braze during the fourth quarter valued at approximately $52,000. 90.47% of the stock is currently owned by institutional investors.

Braze Price Performance

NASDAQ:BRZE opened at $23.81 on Friday. Braze, Inc. has a 52 week low of $15.26 and a 52 week high of $37.33. The firm has a 50 day moving average of $22.26 and a 200 day moving average of $23.23. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of -21.26 and a beta of 0.85.

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

Insider Buying and Selling at Braze

In other news, General Counsel Susan Wiseman sold 35,000 shares of the firm’s 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 sale, the general counsel owned 209,424 shares of the company’s stock, valued at $4,249,212.96. This trade represents a 14.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Citigroup reduced their price objective on shares of Braze from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, May 29th. UBS Group reaffirmed an “outperform” rating on shares of Braze in a research report on Thursday, May 28th. Barclays lifted 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. The Goldman Sachs Group set a $34.00 price target on Braze and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. upped their price objective on Braze from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Braze has an average rating of “Moderate Buy” and a consensus target price of $34.65.

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.