Champlain Investment Partners LLC Sells 64,650 Shares of Braze, Inc. $BRZE

Key Points

• Champlain Investment Partners LLC reduced its holdings in Braze, Inc. by 2.4% during Q1, now owning approximately 2.46% of the company worth $92.9 million.
• Vanguard Group Inc. increased its stake in Braze by 5.3%, owning nearly $321.54 million worth of shares, amidst a broader trend of institutional investor activity around the stock.
• Braze reported $162.06 million in revenue for the last quarter, exceeding analyst estimates, and provided FY 2026 guidance with expected earnings per share between $0.150 and $0.180.

Champlain Investment Partners LLC reduced its stake in shares of Braze, Inc. (NASDAQ:BRZE - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,575,194 shares of the company's stock after selling 64,650 shares during the period. Champlain Investment Partners LLC owned 2.46% of Braze worth $92,913,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BRZE. Tower Research Capital LLC TRC raised its position in Braze by 168.0% during 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 during the last quarter. GAMMA Investing LLC raised its position in Braze by 236.1% during the 1st quarter. GAMMA Investing LLC now owns 736 shares of the company's stock worth $27,000 after purchasing an additional 517 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Braze during the 1st quarter worth $36,000. Versant Capital Management Inc bought a new position in Braze during the 1st quarter worth $54,000. Finally, SouthState Corp bought a new position in Braze during the 1st quarter worth $83,000. 90.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Astha Malik sold 13,049 shares of the business's stock in a transaction dated 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 sale, 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 filing with the SEC, which is available at the SEC website. Also, General Counsel Susan Wiseman sold 4,943 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $25.14, for a total value of $124,267.02. Following the completion of the sale, the general counsel directly owned 229,724 shares of the company's stock, valued at $5,775,261.36. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,354 shares of company stock worth $1,914,998 over the last three months. Insiders own 18.20% of the company's stock.

Braze Trading Up 1.1%

Braze stock traded up $0.30 during midday trading on Monday, reaching $27.70. The stock had a trading volume of 1,109,945 shares, compared to its average volume of 1,177,492. Braze, Inc. has a 12 month low of $23.91 and a 12 month high of $48.33. The company has a market capitalization of $2.93 billion, a P/E ratio of -27.43 and a beta of 1.10. The company has a fifty day moving average price of $27.16 and a two-hundred day moving average price of $31.44.

Braze (NASDAQ:BRZE - Get Free Report) last issued its earnings results on Thursday, June 5th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $158.60 million. During the same period in the previous year, the company posted ($0.05) EPS. The firm's revenue was up 19.6% compared to the same quarter last year. Braze has set its FY 2026 guidance at 0.150-0.180 EPS. Q2 2026 guidance at 0.020-0.030 EPS. On average, equities research analysts predict that Braze, Inc. will post -0.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BRZE shares. Barclays lowered their price objective on Braze from $43.00 to $35.00 and set an "overweight" rating for the company in a research report on Monday, August 18th. Raymond James Financial lowered their price objective on Braze from $48.00 to $43.00 and set an "outperform" rating for the company in a research report on Friday, June 6th. Macquarie lowered their price objective on Braze from $40.00 to $35.00 and set a "neutral" rating for the company in a research report on Friday, June 6th. Loop Capital lowered their price objective on Braze from $75.00 to $45.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Finally, Stephens set a $41.00 price objective on Braze and gave the stock an "overweight" rating in a research report on Friday, June 6th. Twenty investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $44.40.

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.