Stephens Investment Management Group LLC Has $32.87 Million Holdings in Braze, Inc. $BRZE

Key Points

• Stephens Investment Management Group LLC increased its holdings in Braze, Inc. by 45.9% to approximately $32.87 million, owning 1,169,860 shares by the end of the second quarter.
• Analysts have predominantly rated Braze with a buy rating, with an average price target of $45.11, signaling positive market sentiment towards the stock.
• Despite reporting a disappointing quarterly EPS of ($0.22), Braze's revenue was up by 23.8% year-over-year, reaching $180.11 million, exceeding analyst expectations.

Stephens Investment Management Group LLC boosted its holdings in shares of Braze, Inc. (NASDAQ:BRZE - Free Report) by 45.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,169,860 shares of the company's stock after buying an additional 368,190 shares during the quarter. Stephens Investment Management Group LLC owned approximately 1.11% of Braze worth $32,873,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of Braze by 236.1% during the first quarter. GAMMA Investing LLC now owns 736 shares of the company's stock worth $27,000 after acquiring an additional 517 shares during the period. Quarry LP boosted its holdings in shares of Braze by 296.0% during the first quarter. Quarry LP now owns 796 shares of the company's stock worth $29,000 after acquiring an additional 595 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Braze during the first quarter worth approximately $36,000. SouthState Corp bought a new stake in shares of Braze during the first quarter worth approximately $83,000. Finally, IFP Advisors Inc boosted its holdings in shares of Braze by 15.3% during the first 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. Institutional investors own 90.47% of the company's stock.

Wall Street Analyst Weigh In

BRZE has been the subject of a number of research analyst reports. Wells Fargo & Company initiated coverage on Braze in a report on Tuesday, September 30th. They set an "overweight" rating and a $40.00 price objective for the company. Citigroup boosted their price target on Braze from $50.00 to $52.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Canaccord Genuity Group reiterated a "buy" rating and issued a $43.00 price target on shares of Braze in a research note on Friday, September 5th. William Blair reiterated an "outperform" rating on shares of Braze in a research note on Wednesday, October 1st. Finally, Piper Sandler reiterated an "overweight" rating and issued a $50.00 price target on shares of Braze in a research note on Wednesday, October 1st. Nineteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Braze has an average rating of "Moderate Buy" and a consensus price target of $45.11.

Braze Stock Up 4.0%

NASDAQ:BRZE opened at $28.61 on Wednesday. Braze, Inc. has a twelve month low of $23.91 and a twelve month high of $48.33. The stock's 50-day simple moving average is $28.44 and its 200 day simple moving average is $29.57. The firm has a market capitalization of $3.18 billion, a PE ratio of -27.51 and a beta of 1.10.

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

Insiders Place Their Bets

In related news, insider Astha Malik sold 13,049 shares of the 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 $338,491.06. Following the completion of the transaction, the insider owned 236,930 shares of the company's stock, valued at $6,145,964.20. This represents a 5.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Pankaj Malik sold 4,174 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $32.77, for a total transaction of $136,781.98. Following the completion of the transaction, the chief accounting officer directly owned 62,756 shares of the company's stock, valued at approximately $2,056,514.12. The trade was a 6.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,012 shares of company stock worth $2,028,483 over the last 90 days. Insiders own 18.20% of the company's stock.

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.

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