Charles Schwab Investment Management Inc. Purchases 12,409 Shares of Braze, Inc. $BRZE

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Braze, Inc. by 2.3%, acquiring an additional 12,409 shares, bringing its total ownership to 550,355 shares valued at approximately $19.9 million.
• Institutional investors and hedge funds now control 90.47% of Braze's stock as various large investors continue to adjust their positions within the company.
• In recent transactions, both CTO Jonathan Hyman and CEO William Magnuson sold significant portions of their holdings, collectively offloading over 33,000 shares valued at about $862,000.

Charles Schwab Investment Management Inc. raised its position in shares of Braze, Inc. (NASDAQ:BRZE - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 550,355 shares of the company's stock after purchasing an additional 12,409 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.53% of Braze worth $19,857,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Tower Research Capital LLC TRC raised its holdings in shares of 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 buying an additional 405 shares in the last quarter. GAMMA Investing LLC grew its position 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 acquiring an additional 517 shares during the last quarter. Versant Capital Management Inc acquired a new position in Braze during the first quarter worth about $54,000. IFP Advisors Inc lifted its holdings in shares of Braze by 15.3% in the first quarter. IFP Advisors Inc now owns 3,386 shares of the company's stock worth $122,000 after acquiring an additional 449 shares during the last quarter. Finally, State of Wyoming acquired a new stake in shares of Braze in the 4th quarter valued at approximately $197,000. Institutional investors and hedge funds own 90.47% of the company's stock.

Insider Buying and Selling

In related news, CTO Jonathan Hyman sold 8,918 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $25.94, for a total transaction of $231,332.92. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William Magnuson sold 24,325 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 $630,990.50. Following the completion of the sale, the chief executive officer directly owned 721,444 shares of the company's stock, valued at approximately $18,714,257.36. This trade represents a 3.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,354 shares of company stock worth $1,914,998 over the last ninety days. 18.20% of the stock is owned by company insiders.

Braze Trading Up 1.2%

Shares of BRZE opened at $25.53 on Friday. The firm's fifty day simple moving average is $27.18 and its two-hundred day simple moving average is $32.22. Braze, Inc. has a 12 month low of $23.91 and a 12 month high of $48.33. The stock has a market capitalization of $2.70 billion, a P/E ratio of -25.28 and a beta of 1.10.

Braze (NASDAQ:BRZE - Get Free Report) last announced its earnings results on Thursday, June 5th. The company reported $0.07 EPS for the quarter, beating 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 company had revenue of $162.06 million for the quarter, compared to analyst estimates of $158.60 million. The firm's revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the company 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, research analysts predict that Braze, Inc. will post -0.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BRZE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Braze from $47.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, June 6th. Loop Capital dropped their price target on shares of Braze from $75.00 to $45.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Raymond James Financial cut their price target on shares of Braze from $48.00 to $43.00 and set an "outperform" rating on the stock in a report on Friday, June 6th. Cantor Fitzgerald initiated coverage on Braze in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $45.00 price objective for the company. Finally, UBS Group lowered their target price on Braze from $51.00 to $48.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Twenty analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $44.90.

About Braze

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.

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