Ieq Capital LLC Raises Stock Holdings in Braze, Inc. $BRZE

Key Points

• Ieq Capital LLC increased its holdings in Braze, Inc. by 6.6%, now owning 230,217 shares worth approximately $8.3 million.
• Institutional investors currently own 90.47% of Braze's stock, indicating strong institutional interest and ownership in the company.
• Braze's recent earnings report showed a revenue increase of 19.6% year-over-year, with estimated earnings for FY 2026 set between $0.150 and $0.180 per share.

Ieq Capital LLC raised its position in Braze, Inc. (NASDAQ:BRZE - Free Report) by 6.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 230,217 shares of the company's stock after buying an additional 14,242 shares during the quarter. Ieq Capital LLC owned approximately 0.22% of Braze worth $8,306,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Braze by 12,025.6% in the first quarter. GAMMA Investing LLC now owns 26,555 shares of the company's stock valued at $958,000 after buying an additional 26,336 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Braze by 168.0% in the fourth 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 holdings in shares of Braze by 57.6% in the fourth 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 during the period. Vanguard Group Inc. increased its holdings in shares of Braze by 5.3% in the first quarter. Vanguard Group Inc. now owns 8,911,907 shares of the company's stock valued at $321,542,000 after purchasing an additional 447,746 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in shares of Braze in the fourth quarter valued at approximately $803,000. Hedge funds and other institutional investors own 90.47% of the company's stock.

Braze Stock Down 0.3%

BRZE stock traded down $0.08 on Wednesday, reaching $26.96. 597,717 shares of the company's stock were exchanged, compared to its average volume of 1,351,486. The stock has a fifty day moving average of $27.20 and a 200-day moving average of $31.31. Braze, Inc. has a twelve month low of $23.91 and a twelve month high of $48.33. The firm has a market cap of $2.85 billion, a PE ratio of -26.63 and a beta of 1.10.

Braze (NASDAQ:BRZE - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. The firm had revenue of $162.06 million for 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%.Braze's quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, equities research analysts predict that Braze, Inc. will post -0.98 EPS for the current fiscal year.

Insider Buying and Selling

In other Braze news, CEO William Magnuson sold 24,325 shares of the company'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 $630,990.50. Following the sale, the chief executive officer owned 721,444 shares of the company's stock, valued at approximately $18,714,257.36. This represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Susan Wiseman sold 4,943 shares of the company's stock in a transaction on 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 in the company, valued at $5,775,261.36. This trade represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,354 shares of company stock valued at $1,914,998 in the last three months. 18.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BRZE has been the topic of a number of recent research reports. Cantor Fitzgerald dropped their target price on Braze from $45.00 to $35.00 and set an "overweight" rating on the stock in a report on Friday, August 29th. Mizuho initiated coverage on Braze in a report on Thursday, July 24th. They issued an "outperform" rating and a $40.00 target price on the stock. Needham & Company LLC reissued a "buy" rating and issued a $50.00 target price on shares of Braze in a report on Friday, June 6th. Macquarie dropped their target price on Braze from $40.00 to $35.00 and set a "neutral" rating on the stock in a report on Friday, June 6th. Finally, Loop Capital dropped their target price on Braze from $75.00 to $45.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Twenty analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Braze has a consensus rating of "Moderate Buy" and an average price target of $44.40.

Braze Company 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.