Fuller & Thaler Asset Management Inc. Makes New Investment in Braze, Inc. $BRZE

Key Points

• Fuller & Thaler Asset Management Inc. has invested approximately $50.99 million in Braze, Inc. by acquiring 1,413,200 shares, representing about 1.35% of the company's stock.
• Braze reported a revenue of $162.06 million for the last quarter, exceeding analyst expectations, and posted earnings per share of $0.07. However, the company still has negative profit margins.
• Analysts have mixed price targets for Braze, with a consensus rating of "Moderate Buy" and an average price target of $44.90, although some have lowered their targets significantly in recent reports.

Fuller & Thaler Asset Management Inc. bought a new stake in Braze, Inc. (NASDAQ:BRZE - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,413,200 shares of the company's stock, valued at approximately $50,988,000. Fuller & Thaler Asset Management Inc. owned approximately 1.35% of Braze at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Braze by 12,025.6% during the first quarter. GAMMA Investing LLC now owns 26,555 shares of the company's stock valued at $958,000 after acquiring an additional 26,336 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Braze by 168.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 646 shares of the company's stock valued at $27,000 after purchasing an additional 405 shares during the period. Bank of America Corp DE increased its stake in Braze by 57.6% during the 4th quarter. Bank of America Corp DE now owns 402,690 shares of the company's stock valued at $16,865,000 after purchasing an additional 147,127 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Braze during the fourth quarter worth $803,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Braze by 7.6% in the first quarter. Bank of New York Mellon Corp now owns 368,383 shares of the company's stock valued at $13,291,000 after buying an additional 25,870 shares in the last quarter. Institutional investors own 90.47% of the company's stock.

Insider Buying and Selling

In other news, CTO Jonathan Hyman sold 8,918 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 $231,332.92. Following the completion of the sale, the chief technology officer directly owned 205,106 shares of the company's stock, valued at approximately $5,320,449.64. The trade was a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Astha Malik sold 13,049 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 value of $338,491.06. Following the completion of the transaction, the insider directly owned 236,930 shares in the company, valued at approximately $6,145,964.20. This represents a 5.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,354 shares of company stock valued at $1,914,998 in the last 90 days. 18.20% of the stock is owned by company insiders.

Braze Stock Performance

BRZE stock traded up $1.37 during mid-day trading on Friday, hitting $26.90. The company had a trading volume of 760,923 shares, compared to its average volume of 1,198,608. Braze, Inc. has a 12 month low of $23.91 and a 12 month high of $48.33. The stock's fifty day moving average price is $27.17 and its two-hundred day moving average price is $32.12. The firm has a market cap of $2.84 billion, a PE ratio of -26.63 and a beta of 1.10.

Braze (NASDAQ:BRZE - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. The firm had revenue of $162.06 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.05) earnings per share. Braze has set its FY 2026 guidance at 0.150-0.180 EPS. Q2 2026 guidance at 0.020-0.030 EPS. Equities analysts anticipate that Braze, Inc. will post -0.98 earnings per share for the current year.

Analyst Ratings Changes

BRZE has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price target on shares of Braze from $47.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, June 6th. Mizuho assumed 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. Loop Capital cut their price objective 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. Oppenheimer lowered their target price on shares of Braze from $44.00 to $38.00 and set an "outperform" rating for the company in a report on Tuesday, June 24th. Finally, Barclays dropped their price target on shares of Braze from $43.00 to $35.00 and set an "overweight" rating on the stock in a research report on Monday, August 18th. Twenty analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Braze currently has an average rating of "Moderate Buy" and a consensus price target 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.