Comerica Bank Has $4.58 Million Stock Position in Braze, Inc. $BRZE

Key Points

• Comerica Bank significantly increased its investment in Braze, Inc. by 13,724.2%, acquiring a total of 127,044 shares, valued at approximately $4.58 million.
• Insider trading activity shows CAO Pankaj Malik and CTO Jonathan Hyman sold shares of Braze stock, resulting in a decrease in their positions by 3.38% and 4.17% respectively.
• Braze reported a 19.6% year-over-year increase in quarterly revenue, with earnings per share surpassing analysts' expectations.

Comerica Bank raised its position in Braze, Inc. (NASDAQ:BRZE - Free Report) by 13,724.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 127,044 shares of the company's stock after purchasing an additional 126,125 shares during the period. Comerica Bank owned about 0.12% of Braze worth $4,584,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BRZE. Raymond James Financial Inc. acquired a new stake in Braze in the fourth quarter valued at $1,197,000. Mariner LLC acquired a new stake in Braze in the fourth quarter valued at $383,000. Tower Research Capital LLC TRC boosted its stake in shares of Braze by 168.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 646 shares of the company's stock valued at $27,000 after acquiring an additional 405 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Braze by 126.6% during the fourth quarter. Hsbc Holdings PLC now owns 17,844 shares of the company's stock valued at $750,000 after acquiring an additional 9,970 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Braze during the fourth quarter valued at $687,000. Institutional investors and hedge funds own 90.47% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on BRZE. Oppenheimer decreased their price objective on Braze from $44.00 to $38.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 24th. Barclays decreased their price objective on Braze from $43.00 to $35.00 and set an "overweight" rating on the stock in a research note on Monday, August 18th. JPMorgan Chase & Co. decreased their price objective on Braze from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, June 6th. Mizuho began coverage on Braze in a research note on Thursday, July 24th. They set an "outperform" rating and a $40.00 price objective on the stock. Finally, Cantor Fitzgerald decreased their price objective on Braze from $45.00 to $35.00 and set an "overweight" rating on the stock in a research note on Friday. 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, Braze currently has an average rating of "Moderate Buy" and a consensus target price of $44.40.

Braze Stock Down 2.4%

Shares of BRZE traded down $0.66 during mid-day trading on Tuesday, hitting $27.04. The stock had a trading volume of 1,661,010 shares, compared to its average volume of 1,356,513. The company has a market cap of $2.86 billion, a PE ratio of -26.77 and a beta of 1.10. The company's fifty day simple moving average is $27.20 and its two-hundred day simple moving average is $31.34. Braze, Inc. has a fifty-two week low of $23.91 and a fifty-two week high of $48.33.

Braze (NASDAQ:BRZE - Get Free Report) last issued 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. The company had revenue of $162.06 million during the quarter, compared to analyst estimates of $158.60 million. Braze had a negative return on equity of 18.89% and a negative net margin of 16.76%.The business's revenue was up 19.6% on a year-over-year basis. During the same quarter last 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. Equities analysts expect that Braze, Inc. will post -0.98 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Pankaj Malik sold 2,344 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $25.94, for a total transaction of $60,803.36. Following the sale, the chief accounting officer directly owned 66,930 shares of the company's stock, valued at $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 available at this link. Also, insider Astha Malik sold 13,049 shares of the business's 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 sale, the insider directly owned 236,930 shares in the company, valued at $6,145,964.20. This trade represents a 5.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,354 shares of company stock worth $1,914,998. 18.20% of the stock is owned by corporate insiders.

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.