Landscape Capital Management L.L.C. Has $1 Million Stake in Braze, Inc. $BRZE

Key Points

• Landscape Capital Management L.L.C. significantly increased its stake in Braze, Inc. by 439.0% during the 1st quarter, owning a total of 27,726 shares valued at approximately $1,000,000.
• Institutional investors now own 90.47% of Braze's stock, indicating strong support from large financial entities.
• Braze's stock has shown resilience, with a 1.1% increase in value, while the company reported revenue growth of 19.6% year-over-year in its latest earnings report.

Landscape Capital Management L.L.C. boosted its holdings in Braze, Inc. (NASDAQ:BRZE - Free Report) by 439.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,726 shares of the company's stock after purchasing an additional 22,582 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Braze were worth $1,000,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BRZE. Tower Research Capital LLC TRC raised its stake in Braze by 168.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 646 shares of the company's stock worth $27,000 after purchasing an additional 405 shares in the last quarter. GAMMA Investing LLC increased its holdings in Braze by 236.1% in the 1st quarter. GAMMA Investing LLC now owns 736 shares of the company's stock valued at $27,000 after buying an additional 517 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Braze in the 1st quarter valued at about $36,000. Versant Capital Management Inc bought a new position in Braze in the 1st quarter valued at about $54,000. Finally, SouthState Corp bought a new position in Braze in the 1st quarter valued at about $83,000. Institutional investors and hedge funds own 90.47% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on BRZE shares. Loop Capital decreased their target price on shares of Braze from $75.00 to $45.00 and set a "buy" rating on the stock in a report on Friday, June 6th. JMP Securities reissued a "market outperform" rating and issued a $68.00 price objective on shares of Braze in a research note on Friday, June 6th. Needham & Company LLC reissued a "buy" rating and issued a $50.00 price objective on shares of Braze in a research note on Friday, June 6th. Raymond James Financial decreased their price objective on shares of Braze from $48.00 to $43.00 and set an "outperform" rating on the stock in a research note on Friday, June 6th. Finally, Oppenheimer dropped their price objective on Braze from $44.00 to $38.00 and set an "outperform" rating for the company in a research report on Tuesday, June 24th. Twenty research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $44.40.

Braze Trading Up 2.5%

Braze stock traded up $0.67 during mid-day trading on Thursday, reaching $27.66. The company had a trading volume of 4,398,991 shares, compared to its average volume of 1,215,010. Braze, Inc. has a fifty-two week low of $23.91 and a fifty-two week high of $48.33. The company has a market cap of $2.92 billion, a P/E ratio of -27.39 and a beta of 1.10. The business has a fifty day simple moving average of $27.23 and a 200 day simple moving average of $31.18.

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

Insider Activity at Braze

In other news, CAO Pankaj Malik sold 2,344 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 transaction of $60,803.36. Following the transaction, the chief accounting officer owned 66,930 shares in the company, valued at approximately $1,736,164.20. The trade was a 3.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jonathan Hyman sold 8,918 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 transaction of $231,332.92. Following the transaction, the chief technology officer owned 205,106 shares in the company, valued at approximately $5,320,449.64. This trade represents a 4.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,354 shares of company stock valued at $1,914,998 in the last quarter. 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.