Algert Global LLC Has $3.14 Million Stock Position in Braze, Inc. $BRZE

Key Points

• Algert Global LLC increased its stake in Braze, Inc. by 59.1% during the first quarter, owning 87,130 shares valued at approximately $3.14 million by its last SEC filing.
• Institutional investors and hedge funds collectively own 90.47% of Braze's stock, indicating strong institutional interest in the company.
• Braze recently reported $162.06 million in revenue for the last quarter, exceeding analysts' expectations, with a guidance for FY 2026 EPS between 0.150-0.180.

Algert Global LLC raised its stake in Braze, Inc. (NASDAQ:BRZE - Free Report) by 59.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,130 shares of the company's stock after purchasing an additional 32,370 shares during the quarter. Algert Global LLC owned approximately 0.08% of Braze worth $3,144,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of BRZE. Tower Research Capital LLC TRC grew its stake in Braze by 168.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 646 shares of the company's stock valued at $27,000 after purchasing an additional 405 shares in the last quarter. GAMMA Investing LLC grew its stake in Braze by 236.1% in the first quarter. GAMMA Investing LLC now owns 736 shares of the company's stock valued at $27,000 after purchasing an additional 517 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Braze in the first quarter valued at approximately $36,000. Versant Capital Management Inc bought a new position in Braze in the first quarter valued at approximately $54,000. Finally, SouthState Corp bought a new position in Braze in the first quarter valued at approximately $83,000. 90.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Oppenheimer decreased their price target on Braze from $44.00 to $38.00 and set an "outperform" rating for the company in a research note on Tuesday, June 24th. Macquarie reduced their target price on Braze from $40.00 to $35.00 and set a "neutral" rating for the company in a research note on Friday, June 6th. Mizuho initiated coverage on Braze in a research note on Thursday, July 24th. They set an "outperform" rating and a $40.00 target price for the company. JMP Securities reiterated a "market outperform" rating and set a $68.00 target price on shares of Braze in a research note on Friday, June 6th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $50.00 target price on shares of Braze in a research note on Friday, June 6th. Twenty equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $44.90.

Braze Price Performance

BRZE traded down $0.22 during trading on Tuesday, hitting $25.80. The stock had a trading volume of 973,924 shares, compared to its average volume of 1,167,039. The company has a 50 day moving average price of $27.12 and a 200-day moving average price of $31.81. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of -25.54 and a beta of 1.10. Braze, Inc. has a one year low of $23.91 and a one year high of $48.33.

Braze (NASDAQ:BRZE - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $162.06 million during the quarter, compared to analysts' expectations of $158.60 million. Braze had a negative return on equity of 18.89% and a negative net margin of 16.76%.The company's quarterly revenue was up 19.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.05) EPS. Braze has set its FY 2026 guidance at 0.150-0.180 EPS. Q2 2026 guidance at 0.020-0.030 EPS. As a group, sell-side analysts predict that Braze, Inc. will post -0.98 EPS for the current fiscal year.

Insider Transactions at Braze

In other Braze news, insider Astha Malik sold 13,049 shares of Braze stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $25.94, for a total value of $338,491.06. Following the completion of the transaction, the insider directly owned 236,930 shares of the company's stock, valued at $6,145,964.20. The trade was a 5.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jonathan Hyman sold 8,918 shares of Braze stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $25.94, for a total value of $231,332.92. Following the completion of the transaction, the chief technology officer directly owned 205,106 shares of the company's stock, valued at $5,320,449.64. This represents a 4.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,354 shares of company stock worth $1,914,998. Corporate insiders own 18.20% of the company's stock.

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.