Invesco Ltd. Reduces Holdings in Braze, Inc. $BRZE

Key Points

• Invesco Ltd. reduced its stake in Braze, Inc. by 9.3%, owning approximately $64.25 million worth of shares after selling 183,188 during the first quarter.
• Multiple institutional investors, including Connor Clark & Lunn and Swiss National Bank, have increased their holdings in Braze, with institutional ownership now at 90.47%.
• Braze recently reported a 19.6% year-over-year revenue increase for the quarter, with earnings per share exceeding analysts' expectations at $0.07.

Invesco Ltd. lessened its stake in Braze, Inc. (NASDAQ:BRZE - Free Report) by 9.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,780,653 shares of the company's stock after selling 183,188 shares during the quarter. Invesco Ltd. owned approximately 1.70% of Braze worth $64,246,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BRZE. US Bancorp DE increased its position in Braze by 1.4% during the first quarter. US Bancorp DE now owns 21,314 shares of the company's stock worth $769,000 after buying an additional 302 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Braze by 2.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,340 shares of the company's stock valued at $559,000 after buying an additional 316 shares during the period. Tower Research Capital LLC TRC boosted its stake 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 acquiring an additional 405 shares during the period. IFP Advisors Inc boosted its stake in shares of Braze by 15.3% during the 1st 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 period. Finally, GAMMA Investing LLC increased its holdings in shares of Braze by 236.1% during the 1st quarter. GAMMA Investing LLC now owns 736 shares of the company's stock worth $27,000 after acquiring an additional 517 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, General Counsel Susan Wiseman sold 4,786 shares of Braze stock in a transaction on Monday, July 14th. The stock was sold at an average price of $27.08, for a total transaction of $129,604.88. Following the sale, the general counsel directly owned 239,655 shares in the company, valued at $6,489,857.40. The trade was a 1.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Astha Malik sold 9,001 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $30.01, for a total transaction of $270,120.01. Following the transaction, the insider owned 249,979 shares of the company's stock, valued at approximately $7,501,869.79. The trade was a 3.48% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 18.20% of the company's stock.

Braze Price Performance

Shares of Braze stock traded down $0.49 during trading on Wednesday, reaching $25.18. 384,068 shares of the company traded hands, compared to its average volume of 1,365,273. The company has a 50 day moving average price of $27.30 and a 200-day moving average price of $32.38. The firm has a market capitalization of $2.66 billion, a PE ratio of -24.93 and a beta of 1.10. Braze, Inc. has a 1-year low of $23.91 and a 1-year high of $48.33.

Braze (NASDAQ:BRZE - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported $0.07 earnings per share 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 net margin of 16.76% and a negative return on equity of 18.89%. The business's 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. Equities research analysts expect that Braze, Inc. will post -0.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

BRZE has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 target price on shares of Braze in a report on Friday, June 6th. Cantor Fitzgerald started coverage on Braze in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $45.00 price target on the stock. Mizuho initiated coverage on shares of Braze in a research report on Thursday, July 24th. They set an "outperform" rating and a $40.00 price objective for the company. Macquarie dropped their target price on shares of Braze from $40.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, June 6th. Finally, Stephens set a $41.00 price objective on Braze and gave the stock an "overweight" rating in a research report on Friday, June 6th. Twenty investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Braze has a consensus rating of "Moderate Buy" and a consensus target price of $44.90.

Braze 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.