Dimensional Fund Advisors LP Purchases Shares of 605,424 Braze, Inc. $BRZE

Key Points

• Dimensional Fund Advisors purchased 605,424 Braze shares worth approximately $14.3 million, giving it a 0.53% stake. Institutional investors collectively own 90.47% of the company.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $34.76, despite one sell rating.
• Braze reported quarterly revenue of $211 million, up 30.2% year over year and above estimates, while earnings per share matched expectations at $0.10.

Dimensional Fund Advisors LP purchased a new stake in Braze, Inc. (NASDAQ:BRZE - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 605,424 shares of the company's stock, valued at approximately $14,294,000. Dimensional Fund Advisors LP owned 0.53% of Braze as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Braze by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,224 shares of the company's stock valued at $1,415,000 after acquiring an additional 1,700 shares in the last quarter. Intech Investment Management LLC increased its holdings in Braze by 18.8% during the 1st quarter. Intech Investment Management LLC now owns 40,281 shares of the company's stock worth $1,453,000 after purchasing an additional 6,379 shares in the last quarter. Prudential Financial Inc. bought a new position in Braze during the 2nd quarter worth about $272,000. Russell Investments Group Ltd. raised its stake in shares of Braze by 1,353.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 9,619 shares of the company's stock valued at $270,000 after purchasing an additional 8,957 shares during the period. Finally, Amundi raised its stake in shares of Braze by 8.9% in the 2nd quarter. Amundi now owns 32,581 shares of the company's stock valued at $918,000 after purchasing an additional 2,657 shares during the period. Institutional investors own 90.47% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Braze in a research report on Tuesday, July 7th. Citigroup dropped their target price on Braze from $49.00 to $48.00 and set a "buy" rating on the stock in a research report on Friday, May 29th. Citizens Jmp restated a "market outperform" rating and issued a $35.00 target price on shares of Braze in a research note on Thursday, May 28th. DA Davidson reaffirmed a "buy" rating and set a $33.00 price target on shares of Braze in a research report on Thursday, May 28th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $27.00 price target on shares of Braze in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $34.76.

Braze Price Performance

Braze stock opened at $26.54 on Friday. The company has a market cap of $2.99 billion, a price-to-earnings ratio of -23.70 and a beta of 0.83. The firm has a 50-day moving average of $23.49 and a 200-day moving average of $21.92. Braze, Inc. has a one year low of $15.26 and a one year high of $37.33.

Braze (NASDAQ:BRZE - Get Free Report) last released its earnings results on Wednesday, May 27th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.10. Braze had a negative return on equity of 17.52% and a negative net margin of 15.51%.The business had revenue of $211.00 million for the quarter, compared to the consensus estimate of $205.19 million. During the same quarter in the previous year, the business earned $0.07 earnings per share. Braze's quarterly revenue was up 30.2% on a year-over-year basis. Braze has set its Q2 2027 guidance at 0.150-0.160 EPS. As a group, sell-side analysts expect that Braze, Inc. will post -0.78 earnings per share for the current year.

Braze Company Profile

Braze, Inc is a publicly traded software company NASDAQ: BRZE that offers a customer engagement platform designed to help brands build personalized relationships with their users. Founded in 2011 as Appboy by Bill Magnuson, Jon Hyman and Mark Ghermezian, the company adopted the Braze name in 2017 to underscore its focus on fostering strong connections between businesses and consumers. Its cloud-based platform consolidates messaging channels including push notifications, in-app messages, email and SMS, enabling companies to deliver timely, context-driven communications at scale.

The core functionality of Braze's platform centers on data-driven segmentation, customer journey orchestration and real-time analytics.

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