Jump Financial LLC Buys Shares of 144,846 Braze, Inc. $BRZE

Key Points

• Jump Financial LLC has acquired a new position in Braze, Inc. by purchasing 144,846 shares valued at approximately $5.2 million, representing about 0.14% of the company.
• Institutional investors hold 90.47% of Braze's stock, with several institutions increasing their stakes during recent quarters.
• Braze reported a quarterly earnings increase, with revenues rising 19.6% year-over-year, surpassing analysts' estimates with $162.06 million in revenue and $0.07 EPS.

Jump Financial LLC bought a new stake in Braze, Inc. (NASDAQ:BRZE - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 144,846 shares of the company's stock, valued at approximately $5,226,000. Jump Financial LLC owned 0.14% of Braze as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Braze in the 1st quarter valued at about $50,988,000. Wellington Management Group LLP raised its holdings in shares of Braze by 9.5% in the 1st quarter. Wellington Management Group LLP now owns 1,307,700 shares of the company's stock valued at $47,182,000 after purchasing an additional 113,807 shares during the period. Algert Global LLC raised its holdings in shares of Braze by 59.1% in the 1st quarter. Algert Global LLC now owns 87,130 shares of the company's stock valued at $3,144,000 after purchasing an additional 32,370 shares during the period. American Century Companies Inc. bought a new stake in shares of Braze in the 1st quarter valued at about $593,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Braze in the 1st quarter valued at about $36,000. 90.47% of the stock is owned by institutional investors.

Insider Buying and Selling at Braze

In other Braze news, CEO William Magnuson sold 24,325 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were 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 in the company, valued at $18,714,257.36. This trade represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Astha Malik sold 13,049 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $25.94, for a total transaction of $338,491.06. Following the completion of the sale, the insider owned 236,930 shares in the company, valued at $6,145,964.20. This represents a 5.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,354 shares of company stock worth $1,914,998 in the last three months. Company insiders own 18.20% of the company's stock.

Braze Trading Up 1.1%

BRZE stock traded up $0.30 during mid-day trading on Friday, hitting $27.70. 1,109,945 shares of the company were exchanged, compared to its average volume of 1,177,492. The business has a 50 day simple moving average of $27.16 and a 200-day simple moving average of $31.44. The stock has a market capitalization of $2.93 billion, a PE ratio of -27.43 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 announced 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. Braze had a negative net margin of 16.76% and a negative return on equity of 18.89%. The company had revenue of $162.06 million for the quarter, compared to analysts' expectations of $158.60 million. During the same period last year, the firm earned ($0.05) earnings per share. The business's revenue for the quarter was up 19.6% on a year-over-year basis. 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.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BRZE. Loop Capital dropped their target price 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. Mizuho began coverage on shares of Braze in a report on Thursday, July 24th. They issued an "outperform" rating and a $40.00 target price on the stock. Raymond James Financial dropped their target price on shares of Braze from $48.00 to $43.00 and set an "outperform" rating on the stock in a report on Friday, June 6th. Cantor Fitzgerald lowered their price target on shares of Braze from $45.00 to $35.00 and set an "overweight" rating on the stock in a report on Friday. Finally, Macquarie cut their price objective on shares of Braze from $40.00 to $35.00 and set a "neutral" rating for the company in a research report on Friday, June 6th. Twenty analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $44.40.

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.