Vanguard Group Inc. Buys 447,746 Shares of Braze, Inc. $BRZE

Vanguard Group Inc. grew its stake in Braze, Inc. (NASDAQ:BRZE - Free Report) by 5.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,911,907 shares of the company's stock after purchasing an additional 447,746 shares during the quarter. Vanguard Group Inc. owned approximately 8.52% of Braze worth $321,542,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BRZE. Westfield Capital Management Co. LP bought a new position in shares of Braze in the first quarter valued at approximately $54,644,000. Price T Rowe Associates Inc. MD lifted its holdings in Braze by 121.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,197,407 shares of the company's stock worth $92,028,000 after acquiring an additional 1,203,149 shares during the period. Wellington Management Group LLP bought a new stake in Braze during the fourth quarter worth $50,000,000. The Manufacturers Life Insurance Company lifted its holdings in Braze by 2,153.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 819,045 shares of the company's stock worth $34,302,000 after acquiring an additional 782,701 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Braze during the fourth quarter worth $12,564,000. Institutional investors own 90.47% of the company's stock.

Insider Activity

In other Braze news, General Counsel Susan Wiseman sold 4,786 shares of Braze stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $27.08, for a total transaction of $129,604.88. Following the completion of the sale, the general counsel owned 239,655 shares of the company's stock, valued at $6,489,857.40. The trade was a 1.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Astha Malik sold 9,001 shares of Braze stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $30.01, for a total value of $270,120.01. Following the sale, the insider directly owned 249,979 shares of the company's stock, valued at approximately $7,501,869.79. This trade represents a 3.48% decrease in their position. The disclosure for this sale can be found here. Insiders own 18.20% of the company's stock.

Braze Stock Performance

Braze stock traded down $0.44 during midday trading on Wednesday, hitting $25.23. 888,252 shares of the company's stock were exchanged, compared to its average volume of 1,368,548. Braze, Inc. has a 52-week low of $23.91 and a 52-week high of $48.33. The stock has a 50-day moving average price of $27.30 and a two-hundred day moving average price of $32.38. The company has a market cap of $2.66 billion, a P/E ratio of -24.98 and a beta of 1.10.

Braze (NASDAQ:BRZE - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. Braze had a negative return on equity of 18.89% and a negative net margin of 16.76%.The business had revenue of $162.06 million during the quarter, compared to analysts' expectations of $158.60 million. During the same period in the previous year, the business earned ($0.05) earnings per share. The firm's revenue was up 19.6% on a year-over-year basis. 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 expect that Braze, Inc. will post -0.98 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Raymond James Financial decreased their target price on Braze from $48.00 to $43.00 and set an "outperform" rating for the company in a research report on Friday, June 6th. Wells Fargo & Company decreased their target price on Braze from $55.00 to $40.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Stephens set a $41.00 target price on Braze and gave the stock an "overweight" rating in a research report on Friday, June 6th. Oppenheimer decreased their target price on Braze from $44.00 to $38.00 and set an "outperform" rating for the company in a research report on Tuesday, June 24th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $68.00 price target on shares of Braze in a research report on Friday, June 6th. Twenty analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $44.90.

Braze Company 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.