T. Rowe Price Investment Management Inc. lessened its stake in shares of Braze, Inc. (NASDAQ:BRZE - Free Report) by 97.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,027 shares of the company's stock after selling 2,630,330 shares during the quarter. T. Rowe Price Investment Management Inc. owned 0.06% of Braze worth $2,275,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of BRZE. GAMMA Investing LLC grew its stake in shares of Braze by 12,025.6% during the first quarter. GAMMA Investing LLC now owns 26,555 shares of the company's stock worth $958,000 after purchasing an additional 26,336 shares during the period. Tower Research Capital LLC TRC lifted 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 in the last quarter. Bank of America Corp DE lifted 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 in the last quarter. Vanguard Group Inc. lifted 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 in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of Braze in the fourth quarter valued at about $803,000. Institutional investors own 90.47% of the company's stock.
Insider Buying and Selling at Braze
In other news, insider Astha Malik sold 13,049 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $25.94, for a total value of $338,491.06. Following the transaction, the insider owned 236,930 shares in the company, valued at $6,145,964.20. The trade was a 5.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Susan Wiseman sold 4,988 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $25.94, for a total value of $129,388.72. Following the completion of the transaction, the general counsel owned 234,667 shares in the company, 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. In the last three months, insiders have sold 72,354 shares of company stock worth $1,914,998. 18.20% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of analysts have recently commented on BRZE shares. Mizuho began coverage on Braze in a report on Thursday, July 24th. They issued an "outperform" rating and a $40.00 price target on the stock. JPMorgan Chase & Co. dropped their price objective on Braze from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, June 6th. JMP Securities reaffirmed a "market outperform" rating and issued a $68.00 target price on shares of Braze in a research report on Friday, June 6th. Needham & Company LLC reissued a "buy" rating and set a $50.00 price target on shares of Braze in a research report on Friday, June 6th. Finally, Raymond James Financial reduced their price target on Braze from $48.00 to $43.00 and set an "outperform" rating on the stock in a research report on Friday, June 6th. Twenty investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Braze currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.40.
Check Out Our Latest Stock Analysis on Braze
Braze Stock Up 0.8%
BRZE stock traded up $0.22 during mid-day trading on Friday, reaching $27.62. 665,945 shares of the company traded hands, compared to its average volume of 1,351,836. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of -27.30 and a beta of 1.10. Braze, Inc. has a fifty-two week low of $23.91 and a fifty-two week high of $48.33. The firm's 50 day moving average price is $27.13 and its 200 day moving average price is $31.67.
Braze (NASDAQ:BRZE - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. The business had revenue of $162.06 million during the quarter, compared to the consensus estimate of $158.60 million. Braze had a negative return on equity of 18.89% and a negative net margin of 16.76%.The company's quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.05) EPS. Braze has set its FY 2026 guidance at 0.150-0.180 EPS. Q2 2026 guidance at 0.020-0.030 EPS. On average, analysts anticipate that Braze, Inc. will post -0.98 EPS for the current fiscal year.
Braze Company Profile
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Free Report)
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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