Braze, Inc. $BRZE Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in Braze, Inc. (NASDAQ:BRZE) by 7.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,958,415 shares of the company’s stock after selling 672,568 shares during the quarter. Vanguard Group Inc. owned 0.08% of Braze worth $254,777,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Braze by 6.0% in the third quarter. JPMorgan Chase & Co. now owns 2,455,367 shares of the company’s stock valued at $69,831,000 after buying an additional 139,133 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Braze by 27.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 12,608 shares of the company’s stock valued at $359,000 after acquiring an additional 2,729 shares during the period. TimesSquare Capital Management LLC grew its position in Braze by 80.8% in the 3rd quarter. TimesSquare Capital Management LLC now owns 905,503 shares of the company’s stock valued at $25,753,000 after acquiring an additional 404,758 shares in the last quarter. Ground Swell Capital LLC acquired a new position in Braze in the 3rd quarter valued at about $220,000. Finally, Rhumbline Advisers increased its stake in Braze by 0.6% during the third quarter. Rhumbline Advisers now owns 112,638 shares of the company’s stock worth $3,203,000 after purchasing an additional 638 shares during the period. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on BRZE shares. Citigroup raised their price objective on shares of Braze from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Cantor Fitzgerald reiterated an “overweight” rating and set a $38.00 target price on shares of Braze in a report on Wednesday, December 10th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target on shares of Braze in a research report on Wednesday, January 14th. Stifel Nicolaus set a $40.00 price target on shares of Braze in a research note on Monday, February 9th. Finally, BTIG Research began coverage on Braze in a research report on Tuesday, December 16th. They set a “buy” rating and a $45.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.30.

Insider Activity

In other Braze news, insider Astha Malik sold 14,049 shares of Braze stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $16.93, for a total transaction of $237,849.57. Following the completion of the sale, the insider directly owned 205,289 shares of the company’s stock, valued at $3,475,542.77. The trade was a 6.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Pankaj Malik sold 5,540 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $35.76, for a total value of $198,110.40. Following the transaction, the chief accounting officer directly owned 53,572 shares of the company’s stock, valued at approximately $1,915,734.72. This represents a 9.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 66,216 shares of company stock valued at $1,225,772. Insiders own 18.20% of the company’s stock.

Braze Stock Down 1.1%

Shares of NASDAQ:BRZE opened at $18.99 on Friday. The firm’s 50 day moving average price is $24.75 and its 200 day moving average price is $27.46. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of -17.26 and a beta of 1.07. Braze, Inc. has a fifty-two week low of $15.26 and a fifty-two week high of $43.89.

Braze (NASDAQ:BRZE) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. Braze had a negative net margin of 16.85% and a negative return on equity of 17.87%. The company had revenue of $190.84 million during the quarter, compared to analysts’ expectations of $198.25 million. During the same quarter in the previous year, the business posted $0.02 EPS. The firm’s revenue was up 25.5% on a year-over-year basis. 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, equities analysts anticipate that Braze, Inc. will post -0.98 EPS for the current year.

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.