Liberty Mutual Group Asset Management Inc. Acquires Shares of 57,886 Braze, Inc. $BRZE

Key Points

• Liberty Mutual Group Asset Management Inc. acquired 57,886 shares of Braze, Inc., valued at approximately $1,627,000, making it the firm's 8th largest position.
• Multiple institutional investors, including Westfield Capital Management and Vanguard Group, have significantly increased their stakes in Braze, contributing to institutional ownership of over 90% of the stock.
• Braze recently reported a negative EPS of ($0.22) for the quarter, missing analyst estimates, though revenue was up 23.8% year-over-year at $180.11 million.

Liberty Mutual Group Asset Management Inc. acquired a new stake in Braze, Inc. (NASDAQ:BRZE - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 57,886 shares of the company's stock, valued at approximately $1,627,000. Braze comprises about 0.4% of Liberty Mutual Group Asset Management Inc.'s portfolio, making the stock its 8th biggest position. Liberty Mutual Group Asset Management Inc. owned about 0.05% of Braze as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BRZE. Westfield Capital Management Co. LP bought a new position in shares of Braze during the first quarter worth $54,644,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of Braze during the first quarter worth $50,988,000. Nuveen LLC bought a new position in shares of Braze during the first quarter worth $35,393,000. Vanguard Group Inc. boosted its position in shares of Braze by 5.3% during the first quarter. Vanguard Group Inc. now owns 8,911,907 shares of the company's stock worth $321,542,000 after purchasing an additional 447,746 shares in the last quarter. Finally, Fiera Capital Corp boosted its position in shares of Braze by 27.0% during the first quarter. Fiera Capital Corp now owns 908,045 shares of the company's stock worth $32,762,000 after purchasing an additional 192,832 shares in the last quarter. 90.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BRZE. William Blair restated an "outperform" rating on shares of Braze in a report on Wednesday, October 1st. Wells Fargo & Company began coverage on shares of Braze in a report on Tuesday, September 30th. They set an "overweight" rating and a $40.00 price objective on the stock. Needham & Company LLC restated a "buy" rating and set a $50.00 price objective on shares of Braze in a report on Friday, September 5th. Mizuho raised their price objective on shares of Braze from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Friday, September 5th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Braze in a report on Wednesday, October 8th. Nineteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Braze presently has an average rating of "Moderate Buy" and an average price target of $45.11.

Braze Price Performance

Shares of BRZE opened at $25.97 on Wednesday. The firm has a 50-day moving average of $28.29 and a 200-day moving average of $29.83. Braze, Inc. has a one year low of $23.91 and a one year high of $48.33. The company has a market cap of $2.89 billion, a PE ratio of -24.97 and a beta of 1.10.

Braze (NASDAQ:BRZE - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.25). Braze had a negative net margin of 16.62% and a negative return on equity of 17.97%. The firm had revenue of $180.11 million during the quarter, compared to the consensus estimate of $171.63 million. During the same period last year, the business earned $0.09 EPS. The business's revenue was up 23.8% on a year-over-year basis. Braze has set its FY 2026 guidance at 0.410-0.420 EPS. Q3 2026 guidance at 0.060-0.070 EPS. Analysts expect that Braze, Inc. will post -0.98 earnings per share for the current year.

Insider Buying and Selling

In other news, CTO Jonathan Hyman sold 8,918 shares of Braze stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $25.94, for a total value of $231,332.92. Following the completion of the transaction, the chief technology officer owned 205,106 shares of the company's stock, valued at $5,320,449.64. This trade represents a 4.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Susan Wiseman sold 4,988 shares of Braze stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $25.94, for a total transaction of $129,388.72. Following the sale, the general counsel directly owned 234,667 shares of the company's stock, valued at $6,087,261.98. The trade was a 2.08% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,012 shares of company stock worth $2,028,483. Corporate insiders own 18.20% of the company's stock.

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.

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